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Aldar is one of the region’s largest real estate developers and managers with assets under management of Dh30 billion and a significant landbank primed for further development. Image Credit: Shutterstock

Abu Dhabi: Aldar Properties (Aldar) became the first real estate industry entity to join the Clean Energy Business Council (CEBC) as a Partner member to work closely with the organisation to enhance energy efficiency in the region, a press statement said on Friday. The CEBC is a non-profit member association working to accelerate the transition towards clean energy in the region by connecting public and private sectors.

With assets under management of Dh30 billion and a significant landbank primed for further development, Aldar said it recognises its responsibility to lead and support clean energy transition initiatives.

Aldar is set to collaborate with CEBC in its ‘Energy Efficiency’ working group to achieve goals that will promote a sustainable future and support the UAE Net Zero by 2050 Strategic Initiative. CEBC has a strong list of Partner members including major regional companies such as ACWA Power and ENOC and multinationals such as Standard Chartered, TotalEnergies and ENGIE.

Dr. Nasser Saidi, Chairman at CEBC, said: “When discussing the energy crisis, the supply side takes most of the attention while the demand side is usually ignored. However, with current energy efficiency technologies, the world is capable of reducing up to 40 per cent of its energy consumption. As a powerhouse in the region, Aldar joining CEBC will empower our energy efficiency working group and strengthen our voice.”

Salwa Al Maflahi, Director for Sustainability and CSR at Aldar, said: “We are pleased to join CEBC as a partner and look forward to working with the association to advance the region’s energy efficiency agenda. Aldar is proud to be taking a leading role on climate action in the region and to be helping set the benchmark for the real estate sector. As the urgency of combatting climate change intensifies, we are enhancing our sustainability strategy to lower our carbon emissions and become fully aligned with the UAE’s Net Zero goal.”

This year, Aldar embarked on an energy management initiative announced in January that is expected to cut consumption by 20 per cent across up to 80 of its owned assets. Following this, Aldar invested a further Dh25 million in energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants.