Ithmaar Holding Releases 2024 Environmental, Social, and Governance Report

Ithmaar Holding's 2024 ESG report highlights significant strides in climate action and employee development, emphasizing the company's commitment to integrating climate considerations into its strategic framework and enhancing the capabilities of its workforce. The report details proactive measures to address climate-related risks and establish a baseline for future assessments of greenhouse gas emissions. With a focus on fostering a low-carbon, climate-resilient future, Ithmaar Group continues to prioritize sustainability.

Key Takeaways:

• Ithmaar Group conducted its inaugural calculation of Scope 1 and Scope 2 greenhouse gas emissions in 2024, establishing a baseline for future assessments, with a total carbon emissions of 894.58 tons of CO2e.
• The company plans to expand its reporting to encompass additional Scope 3 categories to capture a broader range of value chain impacts.
• Energy consumption remains a focal point for Ithmaar Group, with efforts to optimize usage across the organization.
• The Group's energy mix is predominantly composed of indirect energy, with only a minor percentage attributed to direct petrol consumption in company vehicles.
• In terms of financial performance, Ithmaar Holding reported a net income of $917.25 million and total assets amounting to $6.85 billion.
• Employee development featured prominently in the report, with Ithmaar Group investing in various training initiatives throughout 2024.
• The Company also participated in the WAQF Fund's Corporate Banking Leadership Grooming Program, emphasizing the cultivation of strategic leadership skills.
• Ithmaar Group's initiatives in health and safety awareness include partnering with the She Medic Centre to conduct first aid and emergency response training.

Statistics:

• Total carbon emissions: 894.58 tons of CO2e.
• Total energy consumption: 6,324 gigajoules.
• Net Income: $917.25 million.
• Total assets: $6.85 billion.
• Net profit for the year: $33.72 million.

Sources:

• Ithmaar Holding's 2024 Environmental, Social, and Governance report.
• Dubai Financial Market (DFM) information.