Benchmark Approach Overview

The benchmark aims to provide the ADNEC team with an understanding of what other organisations are communicating and doing with regards to their ESG strategy and to use this information as part of its own ESG journey. This benchmark is not intended to provide a one-to-one comparison, nor intended to rank ADNEC against the selected organisations.

Overarching Criteria for Selection

1. Type of organisation: the aim here was to select from a broad range of organisations that include those from within ADNEC’s shareholder portfolio (i.e. peer companies), local peers that operate across the UAE landscape and within a similar sector, and finally international organisations that operate in different markets albeit with a similar focus to ADNEC’s business activities.

2. Availability of information: ESG requires significant public disclosure in order to convey to investors and other stakeholders what the organisation’s ESG aspirations and performance entails. Hence, organisations that brought the most visibility were selected for benchmarking.

3. ESG maturity: finally, the quality and perception of the target organisation’s ESG capabilities and information was factored into the selection process – in order to ensure that ADNEC identifies lessons learned from some of the most mature organisations around.

Based on criteria for selection outlined, a list of companies were identified and eventually this was shortlisted into the companies chosen to include in this report.

Selected Companies

Other Shortlisted Companies Considered (but not selected)