PRESSR: Orascom Development releases second annual ‘Life With Purpose’ ESG 2024 report

About this update from Orascom Development Egypt (s.a.e)

​​​​Altdorf, Switzerland – Orascom Development Holding, a leading international developer of vibrant, integrated communities in Europe, the Middle East, and North Africa, releases its second Environmental, Social, and Governance (ESG) 2024 Report under its ESG platform: Life with Purpose. The ESG 2024 Report marks a progressive 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.” Today, this principle goes beyond simply enjoying a good life; it is also rooted in living life for good and with purpose. In 2024, this evolution led to the launch of "Life With Purpose", its 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 the scope of ESG disclosures with the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals (SDGs), as well as the United Nations Global Compact (UNGC) and Swiss Code of Obligations. The Group also reaffirmed its materiality matrix, helping prioritize issues most relevant to stakeholders and business impact.Omar El Hamamsy, Orascom Development Group CEO, 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, multi-national developer of prime destinations.”Highlighting environmental impact, the Group recognizes the importance of protecting the planet’s natural resources, reducing carbon emissions and developing sustainable, future-ready communities through various initiatives that harness the diverse local capacities across its d...

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