Aldar Properties has unveiled a comprehensive strategy to decarbonise its business as it aims to become a carbon neutral company by the middle of the century in line with the UAE’s net-zero 2050 initiative.
Aldar, Abu Dhabi’s biggest developer by market value, has also set “science-aligned 2030 interim targets” that will help it to achieve net zero in its Scope 1 and Scope 2 greenhouse gas emissions, it said on Thursday.
The developer also aims to achieve a 45 per cent reduction in its Scope 3 emissions by the end of this decade, from the company’s 2021 baseline levels.
“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,” said group chief executive Talal Al Dhiyebi.
“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.”
The company plans to achieve net zero by addressing direct emissions and the embodied carbon in all its developments and projects, as well as emissions associated with its supply chain and tenants.
“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.”
Aldar’s Scope 1 includes direct emissions from the company’s operations, Scope 2 covers indirect emissions from purchased energy, cooling and chilled water while Scope 3 includes all greenhouse gas emissions associated with the company’s supply chain including procurement, construction and tenants, it said.
The UAE is aggressively pursuing goals to reduce its carbon footprint and was the first country in the Middle East to set a net-zero target.
The Emirates aims to achieve carbon neutrality by 2050 and plans to invest $160 billion in clean and renewable energy sources over the next three decades.
Companies across sectors are also unveiling their own net-zero plans as the UAE, the Arab world’s second-biggest economy, prepares to host Cop28 this year.
On Thursday, the UAE named Dr Sultan Al Jaber as president-designate of the UN Cop28 climate change summit.
The Minister of Industry and Advanced Technology, Adnoc managing director and group chief executive, and UAE Special Envoy for Climate Change will lead the crucial 13-day talks set to begin in November.
Most of these talks are set to be held at Expo City Dubai, with about 80,000 delegates from around the world scheduled to attend the summit.
The event will be the first crucial assessment following pledges made at the climate summit in Paris in 2015.
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Aldar projects - in pictures
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Aldar said the nature of its business as a developer and asset manager means it can transform an asset across its life cycle.
However, partnerships will be key in achieving targets and the company will work closely with all stakeholders, including the government, utilities, suppliers and customers to drive the transition to net zero.
Aldar will also work with government entities to develop regulations and foster “fair competition for construction partners on decarbonisation pathways”, it said.
The company has identified eight decarbonisation focus areas that span the life cycles of its assets.
It will introduce new designs and will use low-carbon building materials such as concrete and steel in all its developments.
The company will also develop a low-carbon supply chain for products, materials and manufacturing processes.
The company plans to embrace green construction methods by reducing waste, prioritising the use of clean energy through grid decarbonisation and work with tenants to encourage retrofits and improve efficiency.
Aldar said all its new investments and acquisitions will also be guided by sustainability and net-zero transition plans.
Last year, Aldar announced the launch of the Sustainable City project on Yas Island amid growing demand for more sustainable living options in the emirate.
Aldar plans to soon start selling homes in the first phase of the project.
Classification from Tour de France after Stage 17
1. Chris Froome (Britain / Team Sky) 73:27:26"
2. Rigoberto Uran (Colombia / Cannondale-Drapac) 27"
3. Romain Bardet (France / AG2R La Mondiale)
4. Fabio Aru (Italy / Astana Pro Team) 53"
5. Mikel Landa (Spain / Team Sky) 1:24"
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
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UAE squad
Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
Match info
Athletic Bilbao 0
Real Madrid 1 (Ramos 73' pen)
Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
Other must-tries
Tomato and walnut salad
A lesson in simple, seasonal eating. Wedges of tomato, chunks of cucumber, thinly sliced red onion, coriander or parsley leaves, and perhaps some fresh dill are drizzled with a crushed walnut and garlic dressing. Do consider yourself warned: if you eat this salad in Georgia during the summer months, the tomatoes will be so ripe and flavourful that every tomato you eat from that day forth will taste lacklustre in comparison.
Badrijani nigvzit
A delicious vegetarian snack or starter. It consists of thinly sliced, fried then cooled aubergine smothered with a thick and creamy walnut sauce and folded or rolled. Take note, even though it seems like you should be able to pick these morsels up with your hands, they’re not as durable as they look. A knife and fork is the way to go.
Pkhali
This healthy little dish (a nice antidote to the khachapuri) is usually made with steamed then chopped cabbage, spinach, beetroot or green beans, combined with walnuts, garlic and herbs to make a vegetable pâté or paste. The mix is then often formed into rounds, chilled in the fridge and topped with pomegranate seeds before being served.
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
UAE currency: the story behind the money in your pockets
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
Company%20profile
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