Aldar Receives ‘A’ Rating In Latest MSCI ESG Assessment For Sustainability Efforts

Aldar has achieved an 'A' rating in the latest MSCI ESG Rating assessment, placing it among the top real estate companies globally. This upgrade highlights Aldar's ongoing efforts to enhance its environmental, social, and governance (ESG) practices in line with international sustainability standards.

MSCI, a prominent global rating agency, evaluates companies on their exposure to industry-specific ESG risks and their management capabilities compared to peers. Investors frequently use these ratings to assess how well companies handle long-term risks. An 'A' rating indicates that Aldar's integration of ESG principles into its long-term strategy is yielding positive results.

Aldar's most significant performance improvement was in governance practices. The company's corporate behaviour score, which assesses business ethics and transparency, increased by 2.1 points to 8.3 out of 10. This score is among the highest for the sector in EMEA emerging markets. The enhancement in corporate behaviour, along with improvements in environmental assessments, contributed to the overall MSCI upgrade.

Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, stated: "This upgrade reflects the significant strides we’ve made in embedding ESG as a core principle of how we do business across the group. As we continue delivering on our strategic growth roadmap, we remain committed to responsible value creation and transparency, ensuring we contribute positively to our stakeholders, the local economy, and the environment. Achieving an ‘A’ rating from MSCI is a strong endorsement of our actions and a motivating step to advance our position within the top quartile of our sector globally."

The company's commitment to sustainability is evident as it aligns its operations with global standards. By focusing on responsible value creation and transparency, Aldar aims to positively impact stakeholders and the environment while supporting local economic growth.

The MSCI ratings are crucial for investors who evaluate companies based on their ability to manage long-term risks effectively. Aldar's 'A' rating signifies that its strategic integration of ESG principles is making a tangible difference.

Aldar’s progress in governance practices has been pivotal in achieving this rating upgrade. The company continues to focus on enhancing its ESG practices across all operations as part of its strategic growth plan.

With inputs from WAM