Investing in a better sustainable future

ENVIRONMENT

ARAM Group continuously strives to strengthen its Sustainability Programs in a valuable and impactful way whilst maintaining transparency and creating a culture of integrity to ensure ethical and responsible business conduct.

ARAM is decreasing emissions, reducing fuel and natural gas consumption, boosting energy efficiency, and adopting a variety of other actions to mitigate climate change.

By conserving resources in our assets, and reducing our environmental and social footprints through collaborating with our local communities to invest in projects that contribute to environmental stewardship and resiliency, we are committed to halving our environmental impact throughout our assets management estate.

The primary source of energy consumption at ARAM Group is electrical power used across the seven buildings we own as well as the petrol consumed by the vehicles our managers use to carry out their daily tasks. We also consume Natural gas and LPG in our 3 buildings each of which make up to our total energy demand.

In line with global and national efforts to mitigate anthropogenic climate change, we have made it standard practice to track of our GHG Emissions and constantly undertake measures to minimize them within our operations and beyond.

Following the GHG Protocol Corporate Accounting and Reporting Standard to calculate our GHG Emissions - Our GHG emissions in 2021 have reduced compared to 2020.

Scope 1 emission reduction of 9.19%
Scope 2 emission reduction of 9.40%
Overall GHG emission reduction of 9.21%
Reduction in GHG emission Intensity of 9.21%

In, 2021 we were able to achieve an 81% waste diversion rate from landfills, relative to 74% in 2020. In 2018, ARAM established a waste collection and disposal contract with Bee’ah, the UAE's leading integrated environmental, recycling, and waste management company, for one of our industrial areas.

Combining the skills of a specialized team with global experience and local knowledge, Bee’ah is well-equipped to handle the needs of public and private organizations of all sizes and sectors through a personalized, efficient, and environmentally-sound waste-disposal mechanism. The collected waste is processed at the Bee’ah Waste Management Centre at Al Saj’ah and reintegrated into the UAE economy.

For Industrial Area-10, Bee’ah collects an average of 20 mixed-waste containers per day, each containing nine cubic meters of various materials.

As a real estate investment firm, ARAM Group does not have a conspicuous water consumption rate other than that concerning the water consumed in our facilities' common spaces (i.e. toilets) and by the employees in our offices. However, we have achieved a reduction in our water consumption of 8.80%.

4 out of the 7 facilities included in our portfolio under management do not have a wastewater collection system connected to the municipal system.

Therefore, we have contracted two (2) different companies for the collection, and safe disposal, of their wastewater. In 2020, to overcome a problem raised by the municipality regarding the level of water contamination, we installed filters in the manholes of the facilities to ensure that the water collected by third-party companies is free of hazardous substances.

We then contracted a specialized company to clean and sanitize residual wastewater from the buildings' manholes every six (6) months.