Red Sea Global’s annual Sustainability Report unveils new standards in transparency and accountability
Red Sea Global (RSG), the multi-project developer behind two of the world’s most ambitious regenerative tourism destinations, The Red Sea and Amaala, has published its second annual sustainability report , detailing its key achievements over the past year at The Red Sea and its commitment to transparency and accountability.
The report comes following the company’s recent evolution from The Red Sea Development Company (TRSDC) to Red Sea Global (RSG), a reflection on its growing remit and ambitions, and successes to date. As the report details, the company continues to be internationally lauded for its leadership in the field of sustainable development, as it works toward completion of critical milestones in the construction of its two existing giga projects.
“We hope our pioneering approach to development, which sees us act first and foremost as global corporate citizens, can provide a clear blueprint for like-minded organizations to follow. The report this year demonstrates that we are committed to more than pledges and our progress is rooted in tangible actions.”
External appraisals of ESG performance have led to the company becoming the first development in the Middle East to secure platinum certification under the globally-recognized standard for green construction, LEED for Cities; and recognition as the Kingdom of Saudi Arabia’s winner in the World Finance Corporate Governance Awards.
“Our approach to development prioritizes people and planet, and as an organization, we are not only committed to delivering a positive impact on the environment and for our local communities, but to actively reporting on our successes and challenges, demonstrating good governance to bolster our ESG credentials,” added Dr Maryam Ficociello, Group Chief Governance Officer at RSG.
Furthermore, this year, RSG was awarded a 5 star rating across areas such as policies, materials, water use, and waste management for ESG criteria under the Global Real Estate Sustainability Benchmark (GRESB). This included decoration as a Regional Sector Leader – one of the highest scoring entities in the Middle East – in recognition of RSG’s strong governance structure and commitment to transparency.