ESG is a crucial component of the company’s corporate philosophy
Dubai Investments has achieved a 32% reduction in total greenhouse gas (GHG) emissions in 2022, equating to an estimated decrease of 212, 768 tonnes of carbon dioxide, 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 carbon dioxide equivalent per employee in 2021 to 116.8 tonnes of carbon dioxide equivalent in 2022, with a 61% reduction in total GHG emissions intensity, the conglomerate revealed in a press statement.
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.
Environment, Social & Governance (ESG)
“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,” noted Mohammed Saeed Al Raqbani, Head of Sustainability Committee, Dubai Investments & General Manager, Dubai Investments Industries and Masharie.
“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 Raqbani.
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.
