ESG
ESG considerations are not just a passing trend, rather, they are an indispensable element of our long-term business strategy supporting sustainable development.
ESG
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Through this, we can achieve our mission of being the country’s real estate champion and pioneer in the creation of renewable and sustainable urban communities and destinations.
ESG Key highlights
We support Green Saudi Arabia, whereby we contribute to local municipalities, charitable institutions, and owners ‘management though our projects, and support afforestation and greenification with our subsidiary Tadbeir Environmental, providing tree planting and transplanting services.
Retal is devoted to empowering women in the workplace, with women comprising 35% of our employee base, as we believe in fostering gender diversity and inclusion for enhanced organizational success.
Retal won the award for the best work environment for the year 2022, with a satisfaction rate of 82%.
‘The company's employees have been trained across 685 training hours, of which Saudis constitute 88%.
Retal supported the aid organization HAL (Center for Housing Innovation) creating housing solutions for low-income, making home ownership accessible, and providing engineering solutions for sustainable building and construction.
In line with supporting creativity and innovation, Retal facilitated the Retal Intemational Competition for Mosque Design to ensure integrated participation within the built environment.
This year, Retal’s Sustainability task force was established to take responsiblity for implementing the sustainability strategy within the organization.
‘Over the past year, our company's successful isting on the Saudi Capital Market Authority has made asignificant contribution to the diversification of investment portfolios, the enhancement of institutional operations, the empowerment and training of our employees to meet high regulatory standards, and the fulfilment of regulatory and legislative requirements. through effective training, harmonization, and practical application.
Retal's Digital Transformation Department has adopted many technical initiatives to achieve the highest levels of communication, with world-class security and protection reporting zero cyber threat incidents.
Retal has implemented a comprehensive system to monitor the consumption behavior of resources in our ongoing and completed projects, with the aim of significantly reducing the annual utiization of resources within our operational framework.
Retal has implemented LEED certification for Retal Business Center in Riyadh, implementing su methodologies to achieve Gold certificate.
Sustainability awards
Arabian CSR Awards
Arabian Property Awards
-Best Sustainable Development
-Regional Award
-And International Award
Minimal Presentation ESG
- Protect our environmental assets by achieving continuous positive impact that is in line with international standards for preserving the environment.
- Invest in green buildings that use sustainable materials and energy-efficient systems that promote indoor air quality.
- Encourage sustainability practices among our external and internal stakeholders through promoting various initiatives to protect the environment.
- Ensure the materials in our operations are managed sustainably.
- Improve energy performance to achieve decarbonization.
- Manage and reduce water intake.
- Implement a system to track and manage GHG emissions.
- Enhance our waste management practices to reduce waste sent to landfill.
- Promote specialized community programs for achieving sustainable urban growth.
- Assist housing associations and charities by providing specialized programs through various channels.
- Invest in developmental projects that impact the community for the long term.
- Work to secure a safe and motivating environment for employees.
- Encourage all employees to engage in sustainability programs and initiatives.
- Encourage all employees to engage in activities and contribute to the local community.
- Ensure inclusion and quality among all employees.
- Support the provision of job opportunities for community members through educational programs.
- Develop training programs to educate our employees about technical and social topics.
- Promote diversity and inclusion throughout all our departments and subsidiaries.
- Form a governance scheme with the highest standards of transparency to achieve sustainable practices.
- Engage with stakeholders to understand their sustainability concerns and incorporate their feedback into our sustainability strategy.
- Report our sustainability performance, including environmental impact, social responsibility, and governance practices, to maintain our commitment to sustainability and transparency.
- Adopt ethical and transparent practices in operations, such as promoting diversity and inclusion and ensuring human rights.
- Ensure management and mitigation of risks in our operations through our policies and procedures.
At retal we align with the SDGs by incorporating sustainable development practices into our business strategies and operations.
The United Nations Sustainable Development Goals (SDGs) are a universal call to action to address critical global challenges by 2030. The following table highlights the six SDG’s we align with and the actions we are taking to fulfill our commitment:
| Focus Area | SDGS | Targets | How we Align |
|---|---|---|---|
| Employee Learning and Development | Quality Education | 4.3-By 2030, ensure equal access for all women and men to affordable and quality technical, vocational and tertiary education, including university. 4.4-By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship. | By offering technical and developmental training programs to all employees, targeting 32- 36 training hours per employee annually. |
| Water Management | Clean Water and Sanitation | 6.3-By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater and substantially increasing recycling and safe reuse globally. 6.4-By 2030, substantially increase water-use efficiency across all sectors and ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number of people suffering from water scarcity. | By implementing a water resource management system across our operations to manage water usage efficiently. By using recyclable materials in our operations to enhance recyclicng pratices. |
| Talent Attraction and Business Growth | Decent Work and Economic Growth | 8.3-Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services. 8.4-Improve progressively, through 2030, global resource efficiency in consumption and production and endeavor to decouple economic growth from environmental degradation, in accordance with the 10-Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead. 8.5-By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value. 8.6-By 2020, substantially reduce the proportion of youth not in employment, education or training. 8.8-Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment. | By attracting talented women and men and ensuring a safe and positive working environment. By participating in community development programs that focus on raising awareness and providing educational and technical training opportunities to youth. |
| Diversity, Equity and inclusion | Reduced Inequalities | 10.3-Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regard. | By developing policies to achieve greater equality between employees and promoting gender equality in all levels. |
| Responsible Resources | Responsible Consumption and Production | 12.2-By 2030, achieve the sustainable management and efficient use of natural resources. 12.4-By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water and soil in order to minimize their adverse impacts on human health and the environment. 12.5-By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse. | By efficiently using natural resources and materials through monitoring consumption, decreasing our consumption and creating programs to ensure using resources efficiently. Establish a waste management system to reduce waste directed to the landfill. |
| Climate Risk Management | Climate Action | 13.1 – Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries. | By minimizing risk through periodic reviews of policies and procedures readiness to combat risk by board of directors. |
As a major developer, we are aware that our core activities can have a considerable impact on the environment.
We define sustainable buildings, as outlined by LEED, as the process of amplifying the positive and mitigating the negative impacts throughout the entire life cycle of a building.
In addition to the environmental benefits of sustainable buildings, they can also lead to cost savings once they become operational. By reducing resource consumption, such as water and energy, sustainable buildings can result in lower expenses over time.
Retal Business Center in Riyadh
Retal is a next-generation real estate developer committed to building sophisticated and sustainable communities.
With a vision aligned with Saudi Arabia’s ambitious goals for a sustainable and innovative future, Retal aims to create civilized urban communities and landmarks that prioritize the well-being of future generations. One notable project that embodies this commitment is the Retal Business Center in Riyadh. Designed to meet sustainability requirements and aiming for LEED Gold certification, the project focuses on environmental quality, economic development, and an environmentally-friendly footprint.
Design reference
The design of the Retal Business Center was driven by specific objectives to ensure a sustainable and energy- efficient building aligning with:
The project aimed to create an iconic building that minimizes the loads on the HVAC system in alignment with ASHRAE requirements.
Retal Business Center aspires to achieve LEED Gold certification under the LEED BD+C (Core & Shell) version 4.0. The project incorporates mechanical and architectural sustainability measures aligned with LEED criteria.
Case Study - Paragon Project (LEED Certified) reference
We have recently joined forces with Mimar, a reputable engineering group specializing in sustainable architectural design, urban planning, and consultancy services. This collaboration aims to deliver top-tier sustainable design services in Saudi Arabia.
Mimar’s Paragon project is a prime example of their sustainable design expertise. The project has been LEED-certified and incorporates several sustainable features in its design, such as:
Our partnership with Mimar reflects our dedication to sustainable design practices and minimizing its environmental impact. By teaming up with Mimar, we strive to incorporate sustainable design principles and practices in all future projects, working towards a more sustainable future for Saudi Arabia.
