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Sobha, founded in 1976 and headquartered in Dubai, United Arab Emirates (UAE), is engaged in real estate development and investment in various countries, including the UAE, Bahrain, Brunei, India and Oman. Sobha primary focuses on residential projects, and has completed 11.9 million square meters of developments across 528 projects in 27 cities.
Summary
Sobha discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company discloses details about the types and frequency of its stakeholder engagement activities. It also reports its current, deferred and total income tax for the year 2022-23. However, considering Sobha’s international presence and significant influence in the real estate market, there are notable gaps in its sustainability reporting, particularly regarding the quality and affordability of its properties, greenhouse gas emissions and natural disaster risk reduction.
The company discloses its involvement in affordable housing projects, and it ensures workplace accessibility for employees with disabilities. However, it can amplify its social performance by disclosing a more comprehensive human rights policy and measures to enhance the affordability and accessibility of all its residential and commercial projects. Furthermore, beyond reporting its ISO 14001 certification, Sobha can publicly detail the methods, processes and tools it uses to manage and monitor air pollution, waste generation and water withdrawal.
Ranking position
#172
/300
Total score
6.2
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
3.3
/100
Rank (0-300)
#178
Measurement area
Inclusive Cities
Score
# 1
13.3
/100
Rank (0-300)
#169
Measurement area
Healthy Cities
Score
# 1
0.0
/100
Rank (0-300)
#174
Measurement area
Climate Proof & Resilient Cities
Score
# 1
3.3
/100
Rank (0-300)
#148
Measurement area
Core Social Indicators
Score
# 1
11.1
/100
Rank (0-300)
#141
Industries
Industries
Real estate
#65
More about the company
Headquarters
India
Ownership structure
Public
Revenue
USD 433 billion (2022)
Number of employees
3422 (2022)
Website
https://www.sobha.com
63716
