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2020 Masdar Sustainability Report

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2020 Masdar Sustainability Report Contents Statement from our Environmental Impact 02 Chairman 32 Social Contribution Message from our Chief 40 04 Executive Officer 46 Our People 06 Masdar 2020 Key Highlights 50 Governance 10 Introduction 56 Disclosures 16 Operational Impact 60 GRI Index 1 STATEMENT FROM OUR CHAIRMAN STATEMENT FROM OUR CHAIRMAN Our eighth annual sustainability report is published after a This year alone we have embarked on major renewables year unlike any we have seen in our lifetimes. As we turn projects here in the UAE as well in the US, Uzbekistan and the corner in the fight against COVID-19 however, I am Indonesia. The rapid adoption of these projects demonstrate convinced that Masdar’s purpose, mission and mandate just how cost competitive solar and wind are today, as part has never been more relevant, for the United Arab Emirates of an integrated and viable energy mix in developed and (UAE) and for the world. developing economies. “With the growing Today, we stand on the cusp of major changes to our This report also showcases how Masdar is helping to build industries and to our societies; with the right push, a true knowledge-based economy in the UAE, by identifying importance of I firmly believe these changes will bring forth a hard-working Emirati youth, and providing them with the sustainability dividend that will benefit all of mankind, for training and career paths they need to grow and become the climate change on many generations. leaders of tomorrow. As we collectively overcome the pandemic, nations have an I would like to express my gratitude to all our partners the global agenda, unrivalled opportunity to leverage sustainable infrastructure and key stakeholders who have taken an active role in as a key enabler of post COVID recovery and long-term supporting our shared sustainability priorities, especially in I am confident economic development. From mass transit systems to smart this challenging year. electricity grids; from renewable power projects to the that Masdar will retrofitting of buildings to make them more efficient, such With the growing importance of climate change on the an effort would generate millions of jobs while addressing global agenda, I am confident that Masdar will continue to valid concerns about the long-term sustainability of our drive progress through partnership and support the UAE’s continue to drive built and unbuilt environments. commitment as an active and solutions-driven contributor to sustainable development. progess.” Masdar has been a driving force behind many of the technologies that form the foundation of this next- HE Dr Sultan Al Jaber generation infrastructure, and our 2020 Sustainability Report provides you with a solid overview of our Chairman, Masdar commitment to investing in and delivering sustainable infrastructure solutions locally, regionally and globally. 2 | Masdar 2020 Annual Sustainability Report 3 CEO MESSAGE MESSAGE FROM OUR CHIEF EXECUTIVE OFFICER It gives me great pleasure to present to you our 2020 In fact, we have exceeded that target already this year – Sustainability Report. This has been the most unusual year today our portfolio, including operational and under delivery in our near 15 year history, but also one in which we have projects, has a capacity in excess of 10 gigawatts, displacing continued to make considerable progress on our objectives some 16 million tonnes of CO2 annually. as a sustainability pioneer and role model. Further afield, we extended our global footprint with major When we published our first report dedicated to sustainability new projects in the US, and entered exciting new markets, “At Masdar, we eight years ago, the topic was rarely discussed in corporate including Indonesia – the biggest energy user in Southeast boardrooms in the region, and indeed around the world. I am Asia – and Australia for the first time. have always led delighted to see that since then Environmental, Social and Governance (ESG) reporting has moved from the exception to Closer to home, Masdar City added new partners, and the rule for enterprises and businesses, in fields ranging from attracted more than 170 new tenants, cementing its position as by example in industry and hydrocarbons to investment and banking, and real a hub for innovators looking for a Middle East presence. estate and construction. communicating These successes must be viewed against the backdrop of the At Masdar, we have always led by example in communicating COVID-19 pandemic and, crucially, Masdar’s response to it. the importance of the importance of sustainability, and this year is no exception. Here, I must thank the UAE’s leadership, our shareholder Our 2020 report provides more information about our own ESG Mubadala, our partners and our employees for their sustainability, and philosophy, and offers greater insight into our activities and exceptional efforts in rising to this unprecedented challenge. achievements this year. By coming together, we defined and implemented a contingency strategy that maintained business continuity, protected this year is no Our mission since we launched in 2006 has been to put the shareholder value whilst ensuring the health and safety of UAE on a path to a sustainable, diversified economy, and we our staff, tenants, and partners across all Masdar entities. exception. ” have grown to become an integral part of the UAE’s efforts to shape the climate change conversation globally. It is no boast In 2021, we expect to make further progress as we to say sustainability is not just part of our DNA: it is our DNA. strengthen our core values of sustainability and agility. We will increase our efforts to contribute to the United Nations We have been fulfilling that mandate across many work (UN) Sustainable Development Goals (SDGs), and to help streams and, in addition to our renewable energy projects advance these goals both in the UAE and abroad. We will at home and abroad, I am very proud that this year saw us further tighten our operational discipline to better manage consolidate our leadership position in sustainable urban our environmental footprint. And, with our partners and development, and expand our footprint in energy storage employees in the UAE and beyond, we will work tirelessly to solutions, mobility and transport, green hydrogen and other ensure Masdar continues to be a sustainability beacon for the essential parts of the wider clean energy spectrum. UAE, the Middle East and for the world. This year may have been challenging on many fronts, but we have continued our progress. At Masdar, we pledged at the Mohamed Jameel Al Ramahi beginning of 2019 to double the capacity of our generation Chief Executive Officer, Masdar portfolio – then at 4 gigawatts – within five years. 4 | Masdar 2020 Annual Sustainability Report 5 Masdar | Annual Report Infographics.pdf 1 19/01/2021 9:05 AM MASDAR Masdar2020 |KEY Annual HIGHLIGHTS Report Infographics.pdf 1 19/01/2021 9:05 AM MASMASDARDAR 561(kgCO2/m2)(kgCO2/m2) 20202020 KEY KEY Over 40 561consolidated embodied carbon nationalitiesOver 40represented consolidated embodied carbon nationalities represented intensity for Masdar-owned intensity for Masdar-owned in inthe the Masdar Masdar workforce workforce HIGHLIGHTSHIGHLIGHTS real estateestate assets assets C C M M (1)(1) (1)(1) Y Y ++ tons tons GWh+GWh+ energy energy CM CM 6.5m6.5m 11,000 carboncarbon dioxide dioxide displaced displaced produced ffrromom clean clean sou sourcesrces MY MY byby clean clean energy energy portfolio portfolio during rreportingeporting period period CY CY during reporting period CMY during reporting period CMY K K 100,000+ m2 100,000approximate gr+oss m2 floor area appaddedroximate to Masdar gross City floor area added to Masdar City (1) Figures annualized based on November 2020 actuals (1) Figures annualized based on November 2020 actuals 6 | Masdar 2020 Annual Sustainability Report 7 Masdar | Annual Report Infographics.pdf 1 19/01/2021 9:26 AM 2014 2019 15 YEARS Masdar inaugurates the Siemens YEAR OF TOLERANCE Middle East headquarters in Masdar City Inauguration of 158 MW Cibuk 1 Wind Farm in Serbia OF IMPACT The EDF Renewables-Masdar consortium is awarded the Dumat Al Jandal (400 MW) wind project in Saudi Arabia 2017 Masdar inaugurates three solar projects in the Inauguration of 402 MW Dudgeon Caribbean as part of the UAE-Caribbean Renewable 2006 Offshore Wind Farm in the UK Energy Fund Masdar Initiative launched Launch of the UAE-Caribbean Masdar is awarded the100 MW Uzbekistan Scaling Solar PV Project C 2011 Renewable Energy Fund M Three concentrated solar power (1) A consortium of EDF Renewables, Masdar and plants, Gemasolar, Valle 1 & 2, Masdar launches Emirates Waste to Y 2015 Energy Company with Bee’ah in Sharjah, Green of Africa wins Morocco’s landmark Noor begin operating in Spain. The Midelt Phase 1 hybrid solar power plant CM Masdar inaugurates the headquarters to develop the UAE's first waste-to-energy 2020 plants have a combined capacity MY of 120 megawatts (MW). of the International Renewable facility with a capacity of 30 MW. YEAR OF PREPARATION FOR THE NEXT 50 YEARS Energy Agency (IRENA) CY in Masdar City Masdar, with Equinor, launches the 30 MW Hywind Masdar’s first entry into Azerbaijan and Uzbekistan with utility-scale solar CMY Scotland, the world’s first floating wind farm and wind projects K Masdar signs deal with EDF Renewables North America for acquisition of 1.6-gigawatt (GW) clean-energy portfolio 2016 Expansion of presence in Australia with investments in two 2008 2013 DEWA appointed Masdar & EDF 2018 waste-to-energy
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