TECOM Group’s robust governance and ESG framework are at the core of our operating model. Our approach to ESG is centred around TECOM’s five ESG pillars:

DOWNLOAD 2022 ESG REPORT

TECOM GROUP'S ESG PILLARS

ECONOMY
ECONOMIC PERFORMANCE
CUSTOMER CENTRICITY
COMMUNITY
INVESTING IN LOCAL COMMUNITIES
PEOPLE
SAFE & HEALTHY WORKSPACES
TRAINING & DEVELOPMENT
ENVIRONMENT
ENERGY EFFICIENCY
WATER EFFICIENCY
WASTE MANAGEMENT
REDUCING GHG EMMISIONS
GOVERNANCE & RISK
ETHICAL BUSINESS POLICIES & PRACTICES
ROBUST GOVERNANCE
PRUDENT RISK MANAGEMENT
RESPONSIBLE SOURCING & PROCUREMENT

Enabling the UAE’s low carbon future

Our Group-wide ESG strategic initiatives are aligned with the United Nation’s Sustainable Development Goals and 2030 Agenda for Sustainable Development. They include:

  • Solid ESG framework based on insights from internal and external stakeholders through our 2022 Materiality Assessment
  • Energy audits and the implementation of a portfolio-wide utility monitoring and analytics platform to monitor energy and water consumption
  • Projects for reducing energy consumption and operational carbon footprint, as well as investments in low-carbon energy sources
  • Group-wide environmental policy and strict operating guidelines to limit the impact on the land and the surrounding areas in which we operate
  • Sector-focused community investment programmes and policies as well as volunteering efforts
  • Incubators and support for start-ups, SMEs, and freelancers to nurture talent and innovation in Dubai
  • Experienced Board of Directors and an effective and transparent governance framework in line with international standards and regulatory requirements
  • Risk Committee that will oversee the content of and approach to TECOM Group’s ESG framework and strategy, ensuring it is considered by the Board as part of the overall business strategy
  • Transparent annual reporting on ESG as per the ESG reporting guidelines of the Securities and Commodities Authority (SCA)

Key TECOM Group ESG Achievements

Certificate

9% of buildings have Leadership in Energy and Environmental Design (LEED) certification, (16 LEED Gold and 6 LEED Silver)

Female representation

32% female representation in the workforce and 57% female new hires as of December 2021

Innovation

Investment in platforms and services supporting start-ups, SMEs, and freelancers to nurture innovation

Emiratisation

46 different nationalities represented in the workforce with a 24% Emiratisation rate

O Injuries

0 work-related injuries or fatalities since 2019

Corporate Social Responsibility

4,600+ beneficiaries of Corporate Social Responsibility activities since 2019

Selected TECOM Group ESG Goals

Alignment of Group-wide ESG practices

Alignment of Group-wide ESG practices with global standards such as the Global Real Estate Sustainability Benchmark (GRESB)

Female representation

Continued diversity and inclusion initiatives to increase female representation in overall workforce and a 30% female representation in senior and middle management by 2025

electricity savings

Planned retrofitting projects resulting in expected electricity savings of 35,833,180 Kilowatt hours (kWH) and water savings of 69,967 cubic meters versus 2019 utility consumption baseline.

solar carport

Further solar carport projects in several districts to offset additional CO2

Monitoring and reporting

Monitoring and reporting on scope 2 and 3 greenhouse gases in accordance with the Greenhouse Gas Protocol