Aldar Properties

Aldar Properties's reported carbon emissions

Aldar Properties, headquartered in AE and operating within the real estate services industry, reported total emissions of approximately 1.63 billion kg CO2e for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2024, Scope 1 emissions stood at approximately 73.7 million kg CO2e, with mobile combustion accounting for about 26.2 million kg CO2e and fugitive emissions for approximately 44.9 million kg CO2e. Scope 2 emissions, based on the market-based method, were around 37.0 million kg CO2e, primarily driven by purchased electricity (75.5 million kg CO2e). Scope 3 emissions were substantial, totalling approximately 1.52 billion kg CO2e, with significant contributions from capital goods (947.3 million kg CO2e), use of sold products (246.6 million kg CO2e), and purchased goods and services (156.2 million kg CO2e). In the preceding year, 2023, total emissions were approximately 1.50 billion kg CO2e. Scope 1 emissions were around 97.2 million kg CO2e, Scope 2 (market-based) were about 39.5 million kg CO2e, and Scope 3 emissions totalled approximately 1.37 billion kg CO2e. Aldar Properties has established significant climate commitments. The company aims to achieve Net Zero emissions by 2050, aligning with the UAE's national initiative. In line with the Science Based Targets initiative (SBTi), Aldar intends to achieve real reductions of 95% in Scopes 1 and 2 emissions and at least 90% in Scope 3 emissions by 2050. Furthermore, Aldar has set interim targets, aiming for a 90% reduction in Scope 1 and 2 emissions and a 45% reduction in Scope 3 emissions intensity by 2030, using a 2021 baseline. In 2021, Aldar launched a portfolio-wide energy management project targeting a 20% reduction in energy consumption across 80 assets by 2025. The company also has a target to reduce asset portfolio energy intensity and associated greenhouse gas emissions intensity by 20% by 2025, against a 2019 baseline. Additionally, there is a commitment to reduce Scope 3 GHG emissions from the lifetime in-use operational emissions of sold buildings by 97% per m² by 2050, and a commitment to reduce these emissions by 61.1% per m² by 2033.