Overview Economy Community People Environment Governance & Risk Disclosure GRI & ADX 75GRI 103-1, 103-2, 302-1, 302-2, 305-1, 305-2, 305-3, 305-4, 305-5 Addressing the impact of embodied carbon in developments From a development perspective, embodied carbon refers to the greenhouse gases (GHG) emitted before a building becomes operational, including emissions produced from extraction of materials, manufacture, transportation, and construction. Aldar Development’s activities are responsible for 1,626,912 tCO2e of Aldar’s total carbon footprint, equivalent to around 81%. Embodied emissions from construction stages through 2018, 2019 and 2020 were measured and offset at the completion of projects. For Aldar, around 98% of emissions from our development activities are embodied carbon emissions, deriving from only two major projects completed in 2020. Embodied carbon emissions mostly come from the creation and installation of large volumes of carbon intensive materials, including concrete, glass and steel. As such, our Sustainable Procurement and Building Design teams will play a vital role in progressing our Carbon Neutral Action Plan, due to be launched by the end of 2021. By reviewing materials used currently and seeking out alternatives that have lower embodied emissions - cross laminated timber instead of concrete, for example – we can progress in reducing emissions. Other steps include finding opportunities to embed circular economy principles within the development process, for instance by finding local material sources or using recycled concrete. Environmental performance Energy and emissions As a master developer, we must get it right from the early stages and create spaces that are fit for now and for the future. Green and sustainable buildings and infrastructure are firmly embedded in our approach at Aldar Development and will be an essential element in the development of Aldar’s Carbon Neutral Action Plan. Ramy Zaghloul Sustainability Council Member and Chief Development Officer, Aldar Development