Aldar Properties PJSC has launched its Net Zero Plan, with a commitment to becoming a Net Zero carbon business across its Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions by 2050, in line with the goals of the Paris Agreement and the UAE Net Zero by 2050 Strategic Initiative.
Aldar has also set science-aligned 2030 interim targets, which will see it achieve Net Zero in its Scope 1 and Scope 2 GHG emissions and deliver a 45% reduction in the intensity of its Scope 3 GHG emissions relative to the company’s 2021 baseline.
By launching this plan, Aldar said it is taking a leading position on the global transition to Net Zero and is underlining its commitment to helping control the effects of climate change.
“As one of the UAE’s largest real estate developers and managers, and with a growing presence across the wider Middle East, Aldar is committed to not only supporting the UAE Net Zero by 2050 Strategic Initiative but also leading climate action in our industry and region,” Talal Al Dhiyebi, Group Chief Executive Officer of Aldar Properties, said in a company statement.
“Our Net Zero Plan will drive deep and rapid change across all our lines of business and throughout our supply chain. It will transform our approach to design, supply chain management, construction, operations, and asset management. Our plan is comprehensive, ambitious, and based on science – matching leading global real estate industry benchmarks and setting a new standard for the region in its depth and detail,” he added.
Partnerships and engagements will be fundamental to the success of Aldar’s Net Zero Plan. The company said it will work extensively with suppliers to decarbonise materials and operational emissions, while working with commercial tenants and owner associations to drive sustainable asset operation.