DAMAC Real Estate Development Limited has announced its recent Environmental, Social, and Governance (ESG) Risk Rating of 18.3 points, as assessed by ESG research, ratings, and data provider Sustainalytics.
The developer’s ESG Risk Rating of 18.3 points signifies a low overall ESG risk level, showcasing the company’s commitment to managing and mitigating ESG-related risks. Sustainalytics rates companies on a scale of 0 to 100, with lower scores indicating a lower level of unmanaged risk.
In its assessment, Sustainalytics specifically acknowledged DAMAC’s strong risk management practices in critical areas, including product governance, bribery and corruption, and occupational health and safety.
“In alignment with the priorities of the government and Dubai Vision 2040, as well as the UAE’s net-zero aim, we reaffirm DAMAC’s dedication to sustainability, reflecting our commitment to our investors, bankers and the larger community.”
Hussain Sajwani, Chairman and Founder, DAMAC
The company achieved an impressive negligible risk rating (0-10, the lowest level of risk) in several crucial criteria, including emissions, effluents and waste, product governance, bribery and corruption, community relations, and occupational health and safety.
DAMAC’s ongoing commitment to sustainability and responsible business practices will continue to drive its mission to create value for its stakeholders while positively impacting the environment and society.
