Credit & ESG Ratings / Certifications / Memberships
Credit Ratings
ESG Ratings
SUSTAINALYTICS
Based on the fiscal year results of 2022, DAMAC Real Estate Development Limited received its first Sustainalytics ESG Risk Rating of 18.3 points. This rating, ranging from 0 (lowest risk) to 100 (highest risk), indicates a low overall ESG risk level for the company. The rating action date is November 13, 2023.
On May 23, 2024, Sustainalytics improved DAMAC’s ESG Risk Rating from 18.3 to 18.2. This improvement is attributed to an enhancement in the ESG Risk Management indicator, which increased from 43.4 to 43.9 points, particularly in the category of Stakeholder Governance.
MSCI
Based on the fiscal year results 2021, DAMAC received an MSCI ESG Rating of B (on a scale of AAA-CCC) in the MSCI ESG Rating assessment (rating action date: January 24, 2023)
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