Page 43 - SOBHA REALTY PR REPORT - NOVEMBER 2024

11/26/24, 10:47 AM Latest News
sustainability landscape.

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.

About Sobha Realty

Sobha Realty is an international luxury developer committed to redefining the art of living through sustainable
communities. Established in 1976 as an interior decoration firm in Oman by PNC Menon – a visionary

entrepreneur – the company has grown its presence with developments and investments in the UAE, Oman,
and India. For nearly five decades, Sobha Realty has been redefining the real estate value chain through

‘Backward Integration’ by leveraging its inherent in-house capabilities of conceptualisation, design, and
development. Today, the firm has developed into one of the most prominent and premium real estate
developers in the UAE and aims to become a global real estate developer with its essence, the ‘Art of the

Detail,’ remaining deeply embedded in the organisation’s DNA. With a proven track record of delivering
projects ahead of schedule, the company has eleven masterplans across the UAE and is continually

expanding its presence in the city with a number of other prominent projects. The flagship community of

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