Page 41 - SOBHA REALTY PR REPORT - NOVEMBER 2024

Francis Alfred, Managing Director of Sobha Realty, said: “Our significant progress in the GRESB
assessment exemplifies Sobha Realty’s dedication to sustainability and climate leadership. By
centring our ESG goals on sustainable developments, we create meaningful and positive impact,
especially in environmental sustainability. Our ambition is to set new standards for sustainable
development that benefits our communities, stakeholders, and the planet.”

Sobha Realty’s GRESB Assessment success exemplifies its leadership in sustainability and further
reinforces its commitment to UAE’s vision for a sustainable future, such as the UAE Net Zero by
2050 strategic initiative, UAE circular economy policy and UAE’s Green Agenda. Over the past years,
the developer has continuously pioneered high-quality climate reporting with its three
comprehensive ESG reports and two Greenhouse Gas (GHG) assessments, which form the basis of
its systematic emissions reduction strategy, further supporting the UAE’s climate goals.

Moreover, Sobha Realty’s Task Force on Climate-related Financial Disclosures (TCFD) report
provides valuable insights into climate change impacts outlining robust governance and risk
management strategies for a sustainable future.

GRESB is an independent organization providing validated ESG performance data and peer
benchmarks, enhancing industry-wide engagement, decision-making, and business intelligence.

Its rigorous process consists of data validation, scoring, and peer comparison, ensuring Sobha
Realty’s performance is held to the highest global standards.

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