Orascom Development Holding, a leading international developer of vibrant, integrated communities in Europe, the Middle East, and North Africa, has released its second Environmental, Social, and Governance (ESG) 2024 Report under its ESG platform, “Life with Purpose”, Invest-Gate reports.

This report marks a significant milestone in the Group’s ongoing journey to build thriving, integrated, and sustainable communities where people are empowered and the environment is respected for future generations.

Orascom Development’s promise to customers is to help them live “Life As It Should Be.” This principle now extends beyond simply enjoying a good life; it also encompasses living life with purpose.

In 2024, this evolution led to the launch of “Life With Purpose,” an ESG platform focused on ensuring that its destinations are not only beautiful and well-planned but also contribute to a more sustainable and inclusive future.

Building on the foundation laid in last year’s inaugural edition, the ESG 2024 Report aligns its disclosures with the Global Reporting Initiative (GRI), the United Nations Sustainable Development Goals (SDGs), the United Nations Global Compact (UNGC), and the Swiss Code of Obligations.

The Group also reaffirmed its materiality matrix, which helps prioritize issues most relevant to stakeholders and business impact.

Omar El Hamamsy, CEO of Orascom Development Group, stated, “Championing communities while fostering environments where residents thrive and local economies prosper are core to how we develop our towns and engage with our stakeholders. Our ESG 2024 Report reflects our ongoing commitment to environmental responsibility, social inclusion, and transparent governance. Throughout 2024, we were guided by our principles in interacting with our colleagues, suppliers, and partners—strengthening our reputation as a trusted industry leader in placemaking. This year’s ESG report marks another step in our journey as we deepen our efforts to advance Orascom Development as a sustainable, multinational developer of prime destinations.”