Developing Sustainable Communities with Precision & Care
Explore Sobha’s meticulous approach to fostering sustainable communities, where expertise and excellence meets compassion. Discover our initiatives driving positive change and nurturing environments for future generations.
Our Leadership Commitment
At Sobha, our commitment to ESG principles is deeply rooted in our corporate philosophy and central to our vision and mission of redefining excellence in community development.
We are dedicated to supporting the United Nations Sustainable Development Goals and aligning with the UAE’s ambition to become net-zero by 2050. We firmly believe in leading by example and championing initiatives that prioritize environmental stewardship, social responsibility, and ethical governance throughout all aspects of our operations. This dedication motivates us to integrate innovative technologies and practices, build inclusive communities, build partnerships and ensure transparency in our operations and performance disclosure.
With an unwavering leadership dedication from the Board and top management, we are poised to forge ahead in the climate journey and build a better world for future generations. We are devoted to creating a legacy of positive impact for both our planet and its people, setting new benchmarks in the industry and delivering enduring value to all our stakeholders.
Sustainability and Climate Actions
Our Committment
Sobha’s ESG policy reflects our commitment to sustainable growth and ethical leadership in the real estate sector. Our approach is comprehensive, covering environmental stewardship, social impact, and governance integrity. We integrate ESG into our operations through specific strategies and targets, to lead in innovation and to generate lasting stakeholder value.
The Policy Span
Our policy spans our entire ecosystem, setting clear objectives for renewable energy use, climate resilience, biodiversity, social inclusivity with affordable housing and community programs, and robust governance practices including board diversity, supply chain ethics, and anti-corruption measures.
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Our ESG Strategy
At Sobha Realty, our Environmental, Social, and Governance (ESG) strategy is an integral part of our overarching business vision. Aligned closely with our corporate objectives, this strategy is committed to environmental stewardship, social welfare, and responsible governance. Through sustainable development practices across the business value chain, we strive to minimize our environmental footprint, while enhancing community well-being and ensuring transparency and accountability in our operations. Our ESG initiatives are designed not just to comply with regulations, but to lead by example in our industry, fostering a sustainable future for all stakeholders involved.
Our ESG Objectives
We have thoughtfully established the ESG objectives described
below, which reflect our commitment to sustainable practices
and responsible corporate conduct.
Environment
- Net Zero 2050
- Adopt rooftop solar
- Utilize biodiesel
- Increase recycling rate
- Achieve Green building certification
- Divert waste away from landfill
- Sustainable materials
Social
- Emiratization
- Integrate POD
- Improve Gender diversity
- Implement Health and education related community welfare programs
- Training and Development
Governance
- Strengthen ESG committee
- Undertake ESG risk Assessment
- Undertake anti-corruption and anti-bribery awareness training
Commitment and Pledges
Sobha has committed to two UAE-based climate initiatives: the UAE Alliance for Climate Action (UACA) and the MOCCAE Climate-Responsible Companies Pledge.
The UACA is the first UAE-tailored alliance aimed at enhancing collaboration and accelerating Paris-aligned targets. The MOCCAE Pledge, initiated by the UAE Ministry of Climate Change and Environment, supports the private sector’s role in the UAE’s Net Zero by 2050 Strategic Initiative.
In addition to these pledges, Sobha Realty adheres to the Principles for Responsible Investment, integrating ESG factors into our development projects, despite not being an investment firm.
We also comply with the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct, contributing to economic, environmental, and social progress while minimizing our environmental impact. Furthermore, we actively support the United Nations Sustainable Development Goals (UNSDGs), and are committed to upholding International Labour Organization (ILO) standards and human rights in all our operations.
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