Aldar Properties PJSC

The Aldar Board provides crucial oversight of sustainability-related matters, including the monitoring of progress against commitments. Quarterly sustainability reviews and ad-hoc engagements on specific ESG topics ensure that the Board remains actively engaged. All significant sustainability actions undergo board discussions and approvals. Given ESG's designation as a principal strategic risk category, ESG risk exposure, mitigation plans and risk appetites across all departments are regularly reported to the Board. The Group Executive Management Committee (EMC) holds the ultimate responsibility for steering Aldar's sustainability strategy and ensuring its implementation and performance. The Chief Financial and Sustainability Officer (CFSO), a key member of the EMC, plays a pivotal role in decision-making, supported by the Group Sustainability Strategic Forum. The Sustainability Strategic Forum is a subcommittee of the EMC, comprising members from the EMC and sustainability representatives spanning the entire Group. The Forum contributes to strengthening Aldar's sustainability strategy, drawing on the expertise of its members. The Corporate Sustainability Department assumes the critical responsibilities of presenting recommendations to the EMC and the Board for discussion and approval, along with ensuring day-to-day responsibility for implementing the strategy. This department acts as a central hub for coordinating sustainability efforts across the organisation. The Enterprise Project Management Office (EPMO) plays a central role in embedding sustainability across Aldar's strategic framework. Acting as a governance hub and reporting directly to the EMC and the Board, the EPMO ensures that sustainability-related initiatives align with group-wide goals, are diligently monitored for progress, and implemented effectively. This alignment is reinforced through management scorecards and performance indicators tied to departmental KPIs and individual bonuses, driving accountability at all organisational levels and ensuring that resources are allocated effectively. This includes senior executives of all business units who have climate-related objectives directly linked to their remuneration.

Behind our Sustainability Framework is a clear structure of accountability, overseen by our Chief Financial and Sustainability Officer (CFSO) and Sustainability Council. In 2021, we developed individual councils within Aldar Development and Aldar Investment to implement the strategy, monitor targets and strengthen governance across each business unit. [...] In 2021, we implemented a new data management system to streamline data collection, performance tracking, and reporting across the Group. [...] The Group Sustainability Council has been divided into smaller business-level sustainability councils. This will empower businesses to lead on implementing the sustainability strategy and provide smaller group-level council monitoring and advising on its strategic direction and progress.

The Aldar Board provides crucial oversight of sustainability-related matters, including the monitoring of progress against commitments. Quarterly sustainability reviews and ad-hoc engagements on specific ESG topics ensure that the Board remains actively engaged. All significant sustainability actions undergo board discussions and approvals. Given ESG's designation as a principal strategic risk category, ESG risk exposure, mitigation plans and risk appetites across all departments are regularly reported to the Board. The Group Executive Management Committee (EMC) holds the ultimate responsibility for steering Aldar's sustainability strategy and ensuring its implementation and performance. The Chief Financial and Sustainability Officer (CFSO), a key member of the EMC, plays a pivotal role in decision-making, supported by the Group Sustainability Strategic Forum. The Sustainability Strategic Forum is a subcommittee of the EMC, comprising members from the EMC and sustainability representatives spanning the entire Group. The Forum contributes to strengthening Aldar's sustainability strategy, drawing on the expertise of its members. The Corporate Sustainability Department assumes the critical responsibilities of presenting recommendations to the EMC and the Board for discussion and approval, along with ensuring day-to-day responsibility for implementing the strategy. This department acts as a central hub for coordinating sustainability efforts across the organisation. The Enterprise Project Management Office (EPMO) plays a central role in embedding sustainability across Aldar's strategic framework. Acting as a governance hub and reporting directly to the EMC and the Board, the EPMO ensures that sustainability-related initiatives align with group-wide goals, are diligently monitored for progress, and implemented effectively. This alignment is reinforced through management scorecards and performance indicators tied to departmental KPIs and individual bonuses, driving accountability at all organisational levels and ensuring that resources are allocated effectively. This includes senior executives of all business units who have climate-related objectives directly linked to their remuneration.