Qiddiya City Unveils Inaugural ESG Report, Pledging Sustainable Urban Development

Qiddiya Investment Company has unveiled a new blueprint, ensuring Qiddiya City becomes a model of sustainable urban development. The city’s first Environmental, Social, and Governance (ESG) report marks a significant step in integrating sustainability into its core operations, aligning with Saudi Vision 2030’s goals for a vibrant society, thriving economy, and ambitious nation.

The report outlines Qiddiya City’s comprehensive ESG strategy, commitments across several key areas, and its implementation roadmap for the next three years. Managing Director Abdullah Aldawood stated, "Qiddiya City will be a powerful advocate and driver of the national aspirations set out in Vision 2030, actively supporting global initiatives including the United Nations Sustainable Development Goals."

In alignment with national targets, Qiddiya City pledges to achieve net zero carbon emissions by 2060 through initiatives across water consumption, waste management, recycling, and transport. These targets include treating 100% of wastewater to speed up the purification process for water recycling and reusing 90% of organic waste in compost to maintain green spaces.

Additionally, the city aims to ensure that 80% of parking slots have electric vehicle charging capabilities. The report prioritizes worker welfare with a comprehensive strategy boosting employment, prioritizing health, safety, and well-being, and supporting a diverse, inclusive workplace.

The project is expected to create over 325,000 jobs. In line with national female empowerment goals, Qiddiya City will ensure that 40% of the city’s headquarters and operations positions and 30% of leadership positions are filled by women by 2030. Furthermore, Qiddiya City aims to be accessible and welcoming to people from all parts of society.

All districts and developments will cater to people with disabilities, limited mobility, or special access requirements, with 100% accessibility in designated public spaces. An affordability program for low-income visitors will offer discounted tickets for key entertainment venues and events to ensure everyone can access the city regardless of financial means.

ESG Strategy and Implementation

The commitments laid out in the report cover 16 topics related to ESG that Qiddiya City has the potential to impact significantly. Over 25 priority initiatives are included in the comprehensive assessment that evaluated over 100 risks and opportunities across material topics. The assessment was benchmarked against 15 industry peers to guarantee alignment with global best practices.

Qiddiya City’s ESG strategy represents a forward-thinking approach to urban development. By focusing on sustainability, inclusivity, and economic growth, the city aims to set a new standard for future projects in Saudi Arabia and beyond.

With inputs from SPA