Qiddiya Investment Company Releases Inaugural Environmental, Social, and Governance Report for Qiddiya City

Riyadh: Qiddiya Investment Company unveiled a new blueprint in a press release issued today, ensuring that Qiddiya City becomes a beacon of sustainable urban development. The city's first Environmental, Social, and Governance (ESG) report marks a major step forward in integrating sustainability into its core operations and aligning with Saudi Vision 2030's goals for a vibrant society, thriving economy, and an ambitious nation. The report outlines Qiddiya City's comprehensive ESG strategy, its commitments across several key areas, and its implementation roadmap for the next three years. Managing Director of Qiddiya Investment Company Abdullah Aldawood stated, 'Qiddiya City will be a powerful advocate and driver of the national aspirations set out in Vision 2030, actively supporting global initiatives including the United Nations Sustainable Development Goals.' In alignment with national targets, Qiddiya City pledges to achieve net zero carbon emissions by 2060 through a series of initiatives across water con sumption, waste management, recycling, and transport. These targets include treating 100% of wastewater to speed up the purification process for water recycling, reusing 90% of organic waste in compost to maintain green spaces, and ensuring that 80% of parking slots have electric vehicle charging capabilities. The report prioritizes worker welfare, with a comprehensive strategy boosting employment, prioritizing health, safety, and well-being, and supporting a diverse, inclusive workplace. The project is expected to create over 325,000 jobs, and in line with national female empowerment goals, Qiddiya City will ensure that 40% of the city's headquarters and operations positions, and 30% of leadership positions are filled by women by 2030. Furthermore, Qiddiya City aims to be accessible, inclusive, and welcoming to people from all parts of society. For example, all of Qiddiya City's districts and developments will cater to people with disabilities, limited mobility, or special access requirements, with 100% ac cessibility in designated public spaces. An affordability program for low-income visitors will offer discounted tickets for key entertainment venues and events to ensure everyone can access the city regardless of financial means. The commitments laid out in the report cover 16 topics related to ESG that Qiddiya City has the potential to significantly impact, with over 25 priority initiatives. The comprehensive assessment evaluated over 100 risks and opportunities across material topics and was benchmarked against 15 industry peers to guarantee alignment with global best practice. Source: Saudi Press Agency