Dubai investment doubles reduction in total GHG emissions
ECONOMY & POLICY

Dubai investment doubles reduction in total GHG emissions

Dubai Investments, the leading investment company listed on the Dubai Financial Market, has achieved a 32% reduction in total greenhouse gas (GHG) emissions in 2022, equating to an estimated decrease of 212, 768 tonnes of CO2, according to the Group’s latest ESG report, demonstrating its commitment to sustainable business practices and developed in accordance with the latest Global Reporting Initiative (GRI) Standards.

The emissions intensity decreased from 204.9 tonnes of CO2 equivalent per employee in 2021 to 116.8 tonnes of CO2 equivalent in 2022, with a 61% reduction in total GHG emissions intensity. 

Acknowledging the critical importance of energy consumption, Dubai Investments has proactively pursued strategies aimed at curbing overall energy consumption. Over the course of 2021 to 2022, the Company effectively reduced energy consumption derived from diesel, petrol and electricity sources by an impressive 5%. The reliance on fossil fuels also has been significantly curtailed, with diesel consumption witnessing a substantial decline of 14.5%, resulting in a reduction of 31,000 litres since 2020. 

Mohammed Saeed Al Raqbani, Head of Sustainability Committee, Dubai Investments & General Manager, Dubai Investments Industries and Masharie, said, “Maintaining and evaluating ESG performance is an essential part of how we conduct business and reflects our unwavering commitment to environmental sustainability and responsible business practices. Our focus on ESG is a crucial component of our corporate philosophy and enables us to create sustainable long-term value and secure financial returns.”

“Aligning with the UAE marking 2023 as the “Year of Sustainability”, we are also embarking on what I believe will be an extraordinary year for the Group as we are making a profound commitment to prioritize sustainability across our investment sectors like real estate, financial investments and manufacturing by applying green building principles for our upcoming new real estate projects, engaging in sustainable due diligence for new acquisitions and focussing on proper treatment of industrial waste respectively”, added Mr Raqbani. 

Water efficiency represented another component as part of the Dubai Investments sustainability efforts. Water efficiency with a decrease in water consumption and an increase in water recycled and reused by over 21% and 28% respectively compared to 2020 in 2022, represented a reuse and recycling rate of over 55.3% for 2022, as against a rate of 32.8% in 2020. A 61% increase in total training hours included other significant highlight in the 2022 Sustainability Report. 

In 2022, Dubai Investments supported projects related to a wide range of community and environmental initiatives focussed on youth development, innovation and environmental protection. Diversity and inclusion marked another important component of Dubai Investments ESG strategy with 9% female representation in the total workforce and 13% representation at middle and senior management level, almost double the level in 2021. 

Dubai Investments, the leading investment company listed on the Dubai Financial Market, has achieved a 32% reduction in total greenhouse gas (GHG) emissions in 2022, equating to an estimated decrease of 212, 768 tonnes of CO2, according to the Group’s latest ESG report, demonstrating its commitment to sustainable business practices and developed in accordance with the latest Global Reporting Initiative (GRI) Standards.The emissions intensity decreased from 204.9 tonnes of CO2 equivalent per employee in 2021 to 116.8 tonnes of CO2 equivalent in 2022, with a 61% reduction in total GHG emissions intensity. Acknowledging the critical importance of energy consumption, Dubai Investments has proactively pursued strategies aimed at curbing overall energy consumption. Over the course of 2021 to 2022, the Company effectively reduced energy consumption derived from diesel, petrol and electricity sources by an impressive 5%. The reliance on fossil fuels also has been significantly curtailed, with diesel consumption witnessing a substantial decline of 14.5%, resulting in a reduction of 31,000 litres since 2020. Mohammed Saeed Al Raqbani, Head of Sustainability Committee, Dubai Investments & General Manager, Dubai Investments Industries and Masharie, said, “Maintaining and evaluating ESG performance is an essential part of how we conduct business and reflects our unwavering commitment to environmental sustainability and responsible business practices. Our focus on ESG is a crucial component of our corporate philosophy and enables us to create sustainable long-term value and secure financial returns.”“Aligning with the UAE marking 2023 as the “Year of Sustainability”, we are also embarking on what I believe will be an extraordinary year for the Group as we are making a profound commitment to prioritize sustainability across our investment sectors like real estate, financial investments and manufacturing by applying green building principles for our upcoming new real estate projects, engaging in sustainable due diligence for new acquisitions and focussing on proper treatment of industrial waste respectively”, added Mr Raqbani. Water efficiency represented another component as part of the Dubai Investments sustainability efforts. Water efficiency with a decrease in water consumption and an increase in water recycled and reused by over 21% and 28% respectively compared to 2020 in 2022, represented a reuse and recycling rate of over 55.3% for 2022, as against a rate of 32.8% in 2020. A 61% increase in total training hours included other significant highlight in the 2022 Sustainability Report. In 2022, Dubai Investments supported projects related to a wide range of community and environmental initiatives focussed on youth development, innovation and environmental protection. Diversity and inclusion marked another important component of Dubai Investments ESG strategy with 9% female representation in the total workforce and 13% representation at middle and senior management level, almost double the level in 2021. 

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?