ORASCOM DEVELOPMENT EGYPT
Orascom Development Egypt, a prominent player in the real estate and tourism sector, is headquartered in Egypt. Founded in 1980, the company has established itself as a leader in developing integrated towns and resorts across key operational regions, including the Red Sea and the Mediterranean coast. Specialising in the creation of sustainable communities, Orascom Development Egypt offers a diverse portfolio of residential, commercial, and leisure properties. Their unique approach combines innovative design with environmental stewardship, setting them apart in the competitive market. With a strong market position, the company has achieved significant milestones, including the successful launch of several high-profile projects. Orascom Development Egypt continues to shape the landscape of Egyptian tourism and real estate, making it a noteworthy entity in the industry.
DitchCarbon Score
How does ORASCOM DEVELOPMENT EGYPT'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 Additive and Blending Components 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
ORASCOM DEVELOPMENT EGYPT's score of 12 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Orascom Development Egypt, headquartered in Egypt, currently does not report specific carbon emissions data. However, the company has set ambitious climate commitments aimed at significantly reducing its carbon footprint. By 2030, Orascom Development Egypt aims to cut its emissions by approximately 50% across all scopes to align with the 1.5 °C target. This near-term reduction target reflects the company's commitment to addressing climate change and reducing its overall environmental impact. In the long term, the company is part of the BESIX Group's initiative to achieve carbon neutrality for all direct and indirect emissions by 2050 at the latest. This commitment underscores a strategic approach to sustainability and climate responsibility. It is important to note that emissions data and climate initiatives are cascaded from Orascom Development Egypt S.A.E., which is a current subsidiary within a broader corporate family structure. As such, the company's climate commitments are aligned with industry standards and best practices, although specific emissions figures are not currently available.
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| 2006 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Scope 1 | 378,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 404,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 426,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
ORASCOM DEVELOPMENT EGYPT is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
