Orascom Development Holding AG Sustainability Profile
Orascom Development Holding AG, commonly referred to as Orascom Development, is a prominent player in the real estate and tourism industry, headquartered in Switzerland (CH). Founded in 1980, the company has established a strong presence in key operational regions, including Egypt, Oman, and Morocco, focusing on integrated town development and hospitality. Specialising in the development of residential, commercial, and leisure properties, Orascom Development is renowned for its unique approach to creating sustainable communities that blend luxury living with environmental consciousness. The company has achieved significant milestones, including the successful launch of several award-winning resorts and urban developments. With a robust market position, Orascom Development continues to innovate, setting benchmarks in the industry through its commitment to quality and sustainability, making it a leader in the global real estate sector.
DitchCarbon Score
How does Orascom Development Holding AG'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 Hospitality 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 Holding AG's score of 54 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2023, Orascom Development Holding AG reported total carbon emissions of approximately 323,740,000 kg CO2e. This figure includes Scope 1 emissions of about 1,768,000 kg CO2e, Scope 2 emissions of approximately 1,326,000 kg CO2e (market-based), and a significant Scope 3 total of around 672,640,000 kg CO2e. The company has shown a reduction in total emissions from 2022, where emissions were about 356,010,000 kg CO2e, indicating a positive trend in their climate impact. Orascom's emissions data is cascaded from its parent company, with the latest figures reflecting a corporate family relationship. The company has set ambitious climate commitments, aiming for a 50% reduction in emissions across all scopes by 2030 to align with the 1.5 °C target. Additionally, they are working towards achieving carbon neutrality for all direct and indirect emissions by 2050, as part of the BESIX Group's long-term objectives. The company’s emissions reduction strategy is crucial in the context of the construction and development industry, where significant carbon footprints are common. Orascom Development Holding AG's commitment to reducing emissions and achieving net-zero status demonstrates its proactive approach to climate change and sustainability.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,568,000 | 0,000,000 |
| Scope 2 | 2,715,000 | 0,000,000 |
| Scope 3 | 1,702,000 | 0,000,000 |
How Carbon Intensive is Orascom Development Holding AG's Industry?
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Orascom Development Holding AG'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.
Orascom Development Holding AG 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.
