Page 46 - SOBHA REALTY PR REPORT - NOVEMBER 2024

11/26/24, 10:47 AM Sobha Realty Scores 91, Reaches New Heights in 2024 GRESB Assessment - Middle East News 247

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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