HRE Development, Econetix unveil UAE's first net-zero real estate initiative on Earth Day
HRE Development has announced a groundbreaking partnership with global carbon asset manager Econetix to take sustainable development in the UAE to the next level - just in time for Earth Day.
This collaboration positions HRE as the nation's first green real estate company, setting a new net-zero standard and demonstrating a commitment to environmental and social impact.
Central to this initiative is the recently launched Skyhills Astra project, unveiled as a symbol of HRE's dedication to eco-conscious construction. Combining innovative design, sustainable materials, and real climate impact, the project is one of the UAE's first net-zero building developments.
To address unavoidable emissions, HRE will invest in high-quality carbon projects capable of removing one million tons of CO 2 from the atmosphere.
These projects also uplift local communities and support educational opportunities for children in need, reinforcing HRE's holistic approach to sustainability.
"This Earth Day represents a milestone for HRE Development as we embark on our most ambitious journey yet," said Wissam Breidy, CEO of HRE Development. "Our partnership with Econetix reflects our deep commitment to going beyond construction and building with purpose. We are constructing a legacy for future generations, blending innovation, responsibility, and measurable climate impact."
Econetix, with its expertise in guiding governments and multinational corporations toward net-zero goals, views this collaboration as a game changer for one of the most carbon-intensive industries globally.
"HRE's decisive actions challenge existing norms and set a new example for real estate companies everywhere," said Jakob Zenz, founder of Econetix.
"By integrating high-quality carbon solutions into property development, they're proving that impactful climate action and economic progress can go hand in hand. This partnership sets a precedent for the industry, and we hope to see more of these initiatives in the coming years as we move towards a more sustainable future," he added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
23-05-2025
- Arabian Business
Dubai real estate developer launches Al Jaddaf Waterfront project with 44 homes
Dubai real estate firm HRE Development has launched Celeste, an exclusive waterfront residence in Al Jaddaf. Celeste is limited to just 44 exclusive residences and is positioned between Downtown Dubai and the Al Jaddaf Waterfront, while offering views of Dubai Creek. Beyond the residences, curated wellness amenities include: A waterfront pool Modern fitness and yoga spaces Landscaped courtyards Dedicated children's play zone Celeste in Al Jaddaf, Dubai Wissam Breidy, CEO of HRE Development, said: 'Celeste isn't just another project – it's a limited collection for those who move early, think differently, and value meaning over mass. It is for those who see their home as an extension of their values – calm, elevated, and timeless.' Celeste is set for completion in Q2 2027.
Zawya
22-05-2025
- Zawya
HRE Development unveils Celeste – a rare waterfront sanctuary of only 44 residences in Al Jaddaf
Dubai, UAE: HRE Development has launched Celeste – an exclusive waterfront residence in the heart of picturesque Al Jaddaf. Designed for privacy and understated elegance, Celeste merges nature, architecture, and lifestyle in a way few developments can. Perfectly positioned between the energy of Downtown Dubai and the tranquility of the Al Jaddaf Waterfront, it offers premium luxury living with uninterrupted views of Dubai Creek. Celeste is limited to just 44 exclusive residences, offering a rare opportunity for early buyers to own a piece of thoughtfully designed tranquility. Panoramic windows bathe each home in natural light, open layouts promote balance and flow, and every space reflects modern simplicity through warm materials and clean lines. Every element has been thoughtfully crafted to embody a seamless blend of sophistication and serenity. Beyond the residences, curated wellness amenities transform daily living into a holistic experience. A stunning waterfront pool, modern fitness and yoga spaces, landscaped courtyards, and a dedicated children's play zone encourage movement, relaxation, and a lifestyle of balance. The development integrates indoor and outdoor spaces effortlessly, ensuring residents can escape the city's energy while remaining connected to its vibrancy. Celeste's architecture embraces modern simplicity, where clean lines and warm materials complement its unrivaled water-facing position. Coupled with concierge services and smart entry systems, the development offers a harmonious blend of security and convenience. "Celeste isn't just another project – it's a limited collection for those who move early, think differently, and value meaning over mass," said Wissam Breidy, CEO of HRE Development. "It is for those who see their home as an extension of their values – calm, elevated, and timeless." Set for completion in Q2 2027, Celeste is positioned at the heart of Al Jaddaf, a district quietly evolving into one of Dubai's most connected and culturally rich destinations. More than just a place to live, it's a chance to belong to something rare.
Zawya
28-04-2025
- Zawya
Veeam unveils inaugural ESG report on Earth Day, highlighting sustainability, social impact, and corporate governance initiatives
DUBAI, UAE – Veeam® Software, the #1 global leader by market share in Data Resilience, today announced the release of its first Environmental, Social, and Governance (ESG) Report, coinciding with the 55th anniversary of Earth Day. This landmark report showcases Veeam's commitment to inclusively creating a sustainable future while maintaining the highest standards of trust and governance. 'Today at VeeamON, we are proud to launch our inaugural ESG report, which is an important milestone in our commitment to making Veeam the best place to work, while positively impacting the world around us,' said Anand Eswaran, CEO of Veeam. 'At Veeam, we believe that our responsibility extends beyond compliance; it encompasses our commitment to the planet, our people, and the communities we serve. It's not just about saying what we'll do, it's about showing how we've made progress and setting out ambitious goals for the future. As we celebrate Earth Day, we are reminded of the vital role each of us plays in protecting our resources and environmental stewardship, ensuring a vibrant future for generations to come.' Key Areas of the Veeam ESG Report include: Environment: Caring for Our Planet E-Waste Recycling: Veeam recycled 1,203 laptops globally in 2023-2024, preventing 3,402 pounds of e-waste through its hardware recycling initiatives. Facilities: Eight Veeam offices are LEED-certified, showcasing the company's dedication to green building practices. Greenhouse Gas Emissions: Veeam measured its baseline Scope 1 and Scope 2 emissions in 2023, achieved a reduction in emissions in 2024. Future Goals: By 2026, Veeam plans to calculate Scope 3 emissions and collaborate with suppliers to track and reduce their environmental impact. Social: Supporting Our Team and Communities Community Impact: In 2024, Veeam employees volunteered 2,793 hours, supporting causes such as animal shelters, wildfire relief, and dementia care centers through initiatives like Veeam Cares and the Veeam It Forward Marathon. Employee Engagement: 84% of employees rated Veeam as a "good place to work," and 96% of participants in the 2024 Global Day of Learning found the program insightful. Empowering People: Veeam launched initiatives like EmpowerHer, providing free certification training to 150 women, and partnered with organizations like Women in Tech and Out & Equal. Benefits: Veeam offers competitive benefits, including parental leave, 401(k) matching, unlimited PTO, and support for family planning and adoption. Trust: Leading with Integrity Governance: Veeam's ESG strategy is overseen by its Compliance Department, which reports to the Board of Directors. Cybersecurity: The company achieved a 100% completion rate for its mandatory cybersecurity training and implemented advanced phishing simulations to enhance resilience. Certifications: Veeam secured industry-leading standards such as ISO 27701, ISO 27017, and HIPAA attestation, with further certifications expected in 2025. AI and Data Privacy: Veeam launched a Generative AI Policy, an updated Code of Conduct and rigorous data protection measures underscoring its commitment to ethical practices. As Veeam continues its journey towards sustainability, this initial ESG Report serves as a platform to showcase achievements and outline future company goals. Veeam remains committed to continuous improvement, aligning actions with its mission of creating a resilient and inclusive future. About Veeam's ESG Measurement Veeam's global compliance team meticulously compiled the ESG report using a blend of comprehensive internal and external data collection and analysis mechanisms. Employing industry-standard methodologies, the team ensured accurate and transparent reporting of its environmental footprint. Beyond the Greenhouse Gas Protocol, Veeam's reporting aligns with key ESG frameworks and standards such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Task Force on Climate-related Financial Disclosures (TCFD). These frameworks provide detailed guidelines and metrics for assessing and disclosing sustainability performance, helping Veeam set a new industry benchmark. Additionally, Veeam actively seeks feedback from employees and stakeholders to continuously improve its sustainability initiatives and address any challenges. About Veeam Software Veeam®, the #1 global market leader in data resilience, believes every business should be able to bounce forward after a disruption with the confidence and control of all their data whenever and wherever they need it. Veeam calls this radical resilience, and we're obsessed with creating innovative ways to help our customers achieve it. Veeam solutions are purpose-built for powering data resilience by providing data backup, data recovery, data portability, data security, and data intelligence. With Veeam, IT and security leaders rest easy knowing that their apps and data are protected and always available across their cloud, virtual, physical, SaaS, and Kubernetes environments. Headquartered in Seattle with offices in more than 30 countries, Veeam protects over 550,000 customers worldwide, including 67% of the Global 2000, that trust Veeam to keep their businesses running. Radical resilience starts with Veeam.
