Aldar strengthens its position in environmental governance and companies raise its rating on 3 international indicators

Aldar Properties announced an improvement in its annual ratings in environmental, social and corporate governance practices within 3 major global indicators, with continued gains as a result of the company’s integration of environmental, social and corporate governance practices into its operating model.

The company’s success in advancing the ratings of the “Sensitnalytics” indices, “Morgan Stanley Capital International” and “Dow Jones Sustainability” was due to the improvement in data disclosure practices, governance and risk management, in addition to the improvement of the supply chain and environmental management.
As Aldar’s results improved on the environmental, social and corporate governance risk assessment scale from the “Sestinalistics” company, as it obtained a score of 16.1 in 2022, compared to 16.6 in 2021, indicating a low level of risks associated with environmental, social and corporate governance practices.
Results are measured on a scale from 0 to 100, with ratings between 10 and 20 being considered low risk. Aldar also ranked 11th in the global ranking among a list of 104 diverse real estate companies included in the study.
The company also succeeded in rising to the BBB rating during 2022, compared to the BB rating in 2021, within the Morgan Stanley Capital International index, which monitors the level of exposure of companies to environmental, sustainability and governance risks and measures their success in facing these risks compared to their peers.
Aldar scored 60 points this year on the Dow Jones Sustainability Index, compared to 58 points scored by the company in 2021. The company is now among the top 7% of the 237 global real estate companies invited to participate in the Dow Jones Sustainability Index survey.
quality of life
Salwa Al-Maflahi, Director of Sustainability and Corporate Social Responsibility at Aldar Properties, said: “The wide improvement in the company’s ratings within environmental, social practices and corporate governance reflects the great strides we have made in order to improve the quality of our data in all areas, and our success in enhancing risk and governance processes.”