Aldar Properties

Aldar Properties's reported carbon emissions

In 2024, Aldar Properties reported total carbon emissions of approximately 1.63 billion kg CO2e, comprising 73,697,000 kg CO2e from Scope 1, 112,528,000 kg CO2e from Scope 2, and 1,522,256,000 kg CO2e from Scope 3 emissions. This marks an increase from 2023, where total emissions were about 1.50 billion kg CO2e, with Scope 1 at 97,220,000 kg CO2e, Scope 2 at 138,701,000 kg CO2e, and Scope 3 at 1,366,246,000 kg CO2e. Aldar Properties has set ambitious climate commitments, aiming for a 90% reduction in Scope 1 and 2 emissions and a 45% reduction in Scope 3 emissions intensity by 2030, using 2021 as a baseline. Furthermore, the company has launched a Net Zero Plan, targeting net zero emissions by 2050, in alignment with the UAE's commitment to achieve net zero by the same year. This plan includes interim targets to reduce Scope 1 and 2 emissions by 95% and Scope 3 emissions by 90% by 2050, as per the Science Based Targets initiative (SBTi). The company is actively working on energy management projects aimed at reducing energy consumption by approximately 20% across its portfolio, which includes various asset types such as hotels, schools, and residential buildings. Aldar Properties is committed to transparency and accountability in its emissions reporting and reduction initiatives, reflecting its dedication to sustainability in the real estate sector.