Orascom Development Holding, a leading international developer renowned for creating vibrant, integrated communities across Europe, the Middle East, and North Africa, has unveiled its inaugural Environmental, Social, and Governance (ESG) report titled “Life with Purpose,” Invest-Gate reports.

This significant release marks a comprehensive account of Orascom Development’s endeavours towards long-term sustainability, social responsibility, and transparent governance.

The report underscores Orascom Development’s ongoing commitment to prioritizing people and the planet in its future trajectory by presenting a consolidated showcase of the company’s sustainability initiatives and impacts across its diverse destinations.

Furthermore, in alignment with the recommendations of the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals (SDGs), Orascom Development reaffirms its dedication to environmental stewardship, social responsibility, and robust corporate governance.

For his part, Omar El Hamamsy, CEO of Orascom Development Group, emphasized, “For 35 years, Orascom Development has championed the concept of ‘Life As It Should Be’ for our customers. Today, this ethos extends beyond mere existence to living with purpose and making a positive impact. Our inaugural ESG report, aligned with the UN’s SDGs, underscores our belief that businesses can and should be a force for good.”

Also, among Orascom Development’s environmental initiatives is implementing proactive measures in responsible water and energy management. For instance, in El Gouna, BRITA water filtration systems have been introduced across hotels, significantly reducing single-use plastics and saving around 115,000 plastic bottles annually.

Notably, the company’s hotels have attained prestigious certifications like EarthCheck, Green Key, ISO 14001, and ISO 21401, demonstrating their steadfast commitment to environmental and social responsibility in line with global standards.