Damac Real Estate Development Limited, DIFC Sustainability Profile
Damac Real Estate Development Limited, commonly referred to as Damac Properties, is a leading luxury real estate developer headquartered in the Dubai International Financial Centre (DIFC), United Arab Emirates. Established in 2002, the company has made significant strides in the property development sector, focusing on residential, commercial, and leisure properties across the Middle East and beyond. Damac is renowned for its high-end residential projects, including villas, apartments, and hotels, often featuring unique architectural designs and premium amenities. The company has achieved notable milestones, such as partnerships with global brands and a strong presence in luxury markets. With a commitment to quality and innovation, Damac Properties continues to solidify its position as a key player in the real estate industry, consistently delivering exceptional value to its clients and investors.
DitchCarbon Score
How does Damac Real Estate Development Limited, DIFC's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Damac Real Estate Development Limited, DIFC's score of 25 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Damac Real Estate Development Limited, DIFC's reported carbon emissions
In 2024, Damac Real Estate Development Limited, DIFC reported significant carbon emissions, with Scope 1 emissions totalling approximately 1,242,000 kg CO2e and Scope 2 emissions reaching about 115,715,000 kg CO2e. This data reflects a commitment to transparency in their climate impact, although no Scope 3 emissions data was disclosed. For the previous year, 2023, the company recorded Scope 1 emissions of around 1,689,000 kg CO2e and Scope 2 emissions of approximately 118,862,000 kg CO2e. This indicates a slight reduction in Scope 1 emissions year-on-year, suggesting ongoing efforts to manage and mitigate their carbon footprint. Damac Real Estate Development Limited, DIFC has not set specific reduction targets or initiatives as part of their climate commitments, nor have they reported any climate pledges. The emissions data is cascaded from the parent company, Damac Real Estate Development Limited, DIFC, ensuring consistency in reporting across the corporate family. Overall, while the company has made strides in emissions reporting, further commitments and reduction strategies may be necessary to align with industry standards and expectations for climate action.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,689,000 | 0,000,000 |
| Scope 2 | 118,862,000 | 000,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Damac Real Estate Development Limited, DIFC's Industry?
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Damac Real Estate Development Limited, DIFC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Damac Real Estate Development Limited, DIFC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
