ENVIRONMENTAL,

SOCIAL AND GOVERNANCE REPORT 2021

Table of contents

COMPANY'S OVERVIEW 4

OUR STRATEGY 6

OUR FOCUS 7

OUR JOURNEY 8

ENVIRONMENT 11

SOCIAL 17

GOVERNANCE 21

An ambition turned reality, 'Creating Value' is at the heart of what we do and an integral part of our history. Our stakeholders agree, the foundations on which value is built upon matter and that responsibility is an essential building block. 'The Future Demands Action Today' and 'how' we continue to create value today will shape our shared tomorrow - therefore ESG is critical to us.

UNION PRPERTIES OVERVIEW

WE SUPPORT SUSTAINABLE LIFESTYLES IN AN URBAN WONDER

Embedded in the United Arab Emirates' DNA, Union Properties' has contributed towards developing and servicing integrated communities across Dubai for over three decades. Union Properties PJSC continues to improve its customers' quality of life by providing quality living and an unmatched breadth and depth of services, experiences, and know-how cultivated locally to meet international best practice. A portfolio of iconic developments to stand witness to its history and a diversified portfolio of subsidiaries that position it as a leading market player, Union Properties' reach extends across key economic segments in the UAE's real estate sector, aligning its future with the country's admirable vision.

KEY HIGHLIGHTS

Throughout 2021, Union Properties and its subsidiaries reiterated their commitment towards the communities they operate within through leading and participating in several initiatives such as complying with UAE's Ministry of Climate Change & Environment's drive to ban refrigerants that are harmful to the environment, Blood donation, paperless operations, usage of green chemicals, implementation of solar panels, revised landscaping plan and many others

The Group aims to play an active role in society and plans on creating a sustainable CSR program centered around our people and the environment.

Key initiatives taken during 2021 include:

  • • Replacing the usage of the harmful R22 gas with R-410

  • • Safely disposing of all 230 KG of tube lights, bulbs and lamps and replacing them with LED

  • • Participating in the Emirati internship program, "Makers of the Future" commenced in January 2021

  • • Participating in the Trees for the Future campaign in collaboration with the event promoter Creventic during the annual Hankook Dubai 24H Race

  • • Participating in a blood drives in coordination with DHA.

  • • Investing in digitalized operations

  • • Ongoing installation of Solar Panels

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Union Properties PJSC published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 05:03:14 UTC.