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Provis sustainability schemes save over $2.3m in 2021

ABU DHABI, January 18, 2022

Provis, a leading full-service real-estate company, said it has achieved significant energy and cost savings in 2021 across 12 managed communities worth AED8.6 million ($2.34 million).

The company’s sustainability efforts and investments conserved over 38 million kWh of total energy and reduced more than 17,700 tons of carbon emissions. The energy saved by Provis in 2021 alone is enough to power more than 3,300 rural homes with electricity for an entire year.

HP Aengaar, CEO at Provis, said: "As the largest full-service real estate services company in the Middle East, we have a responsibility to champion environmental stewardship and promote practices that contribute towards preserving the environment, among our communities, our partners, stakeholders and the wider industry.

“Our corporate sustainability strategy, that has the environmental wellbeing as one of its core pillars, has been developed in alignment with the United Nations Sustainability Development Goals (UN SDGs) and is cascaded across our entire organisation. We are proud to play our part in making our operations and communities under Provis’s management greener, cleaner and more efficient.”

One of the most impactful energy savings contributors was the replacement of natural gas operated boilers with electrical heat pumps which allowed for a significant reduction in carbon emissions. The company also adopted other sustainable practices such as integrating an on-cloud Building Management System (BMS), optimising temperature set points during cooler weather to minimise chilled water consumption, electricity optimisation initiatives, data analytics of assets and installation of energy-efficient LED lights among others.

The various sustainability measures were rolled out across 12 Provis-managed communities including Gate & Arc Towers, Sun & Sky Towers, Al Muneera, Al Zeina, Al Bandar, Al Raha Gardens, Alghadeer, Al Bateen Park, Al Gurm, Ansam, Golf Gardens, and Al Hadeel.
Provis's sustainability strategy was developed in line with the United Nations Sustainability Development Goals (UN SDGs) and focuses not only on the environment but also on three other pillars of sustainability including people, economy, and the community.

Provis was recently recognised for its outstanding sustainability efforts that led to significant energy savings at the International Real Estate Community Management Summit (IRECMS) Dubai Awards 2021, winning the 'Sustainability Initiative of the Year award'. Earlier this year, Provis also won the "Sustainability award – Proptech category" during the Smart Built Environment Awards 2021.

Fully owned by Aldar Estates, Provis currently manages over 25,000 units under property management and nearly 28,000 units under owners' association management in the UAE and wider region and manages over 1 million sq m of assets spread across 23 reputable commercial buildings. – TradeArabia News Service




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