UDC is first real estate company in Qatar to issue ESG report – The Peninsula

UDC is first real estate company in Qatar to issue ESG report – The Peninsula

Doha: United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, has recently issued its Environmental, Social, and Governance Report (ESG) to Qatar Stock Exchange, making it the first listed real estate company in Qatar to officially disclose its sustainability and environmental strategies and achievements.

As an organization established to play a key role in the development of Qatar, UDC’s business practices are closely aligned with the wider goals of sustainable economic and social development that the State of Qatar has set forth in its vision for 2030, as evidenced by the attention given to incorporate sustainable development programmes into the Company’s business decisions and practices.

UDC’s environment and sustainability focus areas therefore cover the appropriate management and recycling of waste through use of the ENVAC smart waste disposal system and active recycling measures, in addition to environmentally friendly processes and packaging through the banned usage of non-biodegradable plastic bags, as well as the optimization of energy consumption in all UDC operated and managed projects and developments, including the use of environmentally friendly technologies, such as district cooling supplied by UDC subsidiary Qatar Cool.

Since the inauguration of Qatar Cool’s district cooling plant