Dubai Investments, the leading diversified investment company, listed on the Dubai Financial Market [DFM], reiterated its commitment to sustainability and climate action during the COP28 summit in Dubai, UAE. As a Climate Support Sponsor present at the Climate Finance Hub within the Green Zone, Dubai Investments highlighted its alignment with UAE’s Vision 2031 and the 17 Sustainable Development Goals at COP28.
The company’s resolute dedication to sustainability in 2022 was highlighted through notable achievements, including a commendable 32% decrease in total Greenhouse Gas (GHG) emissions, an impressive 61% reduction in greenhouse gas emissions intensity, a robust 55.3% recycling or reuse rate of water resources, and the significant milestone of zero workplace accidents. These results underscored Dubai Investments’ unwavering commitment to driving tangible and impactful change across its operations.
Mohammed Saeed Al Raqbani, Head of Sustainability Committee at Dubai Investments, commented on the COP28 participation, stating, “Participating in COP28 reaffirmed our steadfast commitment to global sustainability initiatives leading to decarbonization. We weren’t just attending; we were actively absorbing insights, engaging with sustainability leaders, and reaffirming our dedication to aligning with the world’s sustainability agenda.”
Firmly embedded within Dubai Investments’ ethos was a robust sustainability strategy defined by seven key pillars. From integrity-driven operations to amplifying positive economic impacts, the company emphasized responsibility, resource conservation, workforce development, relationship preservation, and community support. This holistic approach underscored the Group’s pivotal role in transforming business models and operations for a more sustainable future.
Dubai Investments’ subsidiaries spearheaded transformative initiatives in various sectors, involving innovation in building material companies. The Group’s building material entities introduced innovative, green products promoting sustainable construction practices, including energy-efficient materials and solutions. Initiatives like low-emissivity, solar-powered glass, and insulation materials were pivotal in promoting sustainable building designs and energy efficiency across UAE projects, supporting green infrastructure integration.
The transition to electric vehicles by many of the Group’s companies contributed to the company’s efforts to reduce its carbon footprint. Through innovative water recycling initiatives, the Group’s subsidiaries recycled and reused water, significantly conserving this critical resource. The Group’s integrated mixed-use development, Dubai Investments Park, completed a large-scale LED streetlight retrofit project, saving 700,000 kWh of energy annually.
Dubai Investments’ commitment to Environmental, Social, and Governance (ESG) principles extended to its investment activities. The company integrated ESG factors into its investment strategies, fostering alignment with sustainability and responsible business practices.
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