Aldar Properties

Aldar Properties's reported carbon emissions

**Aldar Properties: Carbon Emissions and Climate Commitments (2019-2024)** Aldar Properties, a real estate services company based in the UAE, reported total emissions of approximately 1.63 billion kg CO2e in 2024. This figure encompasses Scope 1, 2, and 3 emissions. **Emissions Overview:** * **2024:** Total emissions were approximately 1,632,934,000 kg CO2e. Scope 1 emissions amounted to about 73,697,000 kg CO2e, with stationary combustion, mobile combustion, and fugitive emissions contributing. Scope 2 emissions, calculated using the market-based method, were approximately 36,981,000 kg CO2e, while the location-based method reported 112,528,000 kg CO2e. Scope 3 emissions were substantial, totalling around 1,522,256,000 kg CO2e, with capital goods, use of sold products, and purchased goods and services being the largest contributors. * **2023:** Total emissions were approximately 1,502,957,000 kg CO2e. Scope 1 emissions were about 97,220,000 kg CO2e, and Scope 2 (market-based) emissions were approximately 39,491,000 kg CO2e (location-based: 138,701,000 kg CO2e). Scope 3 emissions totalled approximately 1,366,246,000 kg CO2e. * **2022:** Total emissions were approximately 1,347,264,000 kg CO2e. Scope 1 emissions were about 1,539,000 kg CO2e, and Scope 2 (location-based) emissions were approximately 224,354,000 kg CO2e. Scope 3 emissions totalled approximately 1,121,371,000 kg CO2e. * **2021:** Total emissions were approximately 1,932,952,000 kg CO2e. Scope 1 emissions were about 7,201,000 kg CO2e, Scope 2 emissions were approximately 237,281,000 kg CO2e, and Scope 3 emissions were approximately 1,688,470,000 kg CO2e. * **2019:** Scope 1 emissions were approximately 44,425,000 kg CO2e, and Scope 2 emissions were approximately 341,647,000 kg CO2e, making the combined Scope 1 and 2 total about 386,072,000 kg CO2e. Scope 3 data was not disclosed for this year. **Climate Commitments and Reduction Targets:** Aldar Properties is committed to achieving net zero emissions by 2050, aligning with the UAE's Net Zero by 2050 Strategic Initiative. This long-term goal involves significant reductions across all scopes: * **Net Zero by 2050:** Aldar has committed to reducing Scope 1, 2, and 3 emissions by 97% by 2050 compared to a 2022 baseline. * **Interim Targets (by 2030):** The company aims for a 90% reduction in Scope 1 and 2 emissions, and a 45% reduction in Scope 3 emissions intensity, relative to a 2021 baseline. * **Energy Efficiency Initiatives:** In 2021, Aldar launched a portfolio-wide energy management project targeting a 20% reduction in energy consumption across 80 assets by 2025, against a 2019 baseline. They also aim for a 20% reduction in asset portfolio energy intensity and associated greenhouse gas emissions intensity by 2025 from a 2019 baseline. These targets are aligned with the Science Based Targets initiative (SBTi), with a minimum expectation of 95% reduction in Scopes 1 and 2, and 90% in Scope 3 to achieve net zero.