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Manara Developments, a Bahrain-based real estate development company, has taken pioneering steps in its quest to emerge as one of the region's most environmentally-friendly developers, by signing an agreement with Dubai-based EcoSecurities Middle East DMCC, to offset and neutralise the company's direct and indirect emission of greenhouse gases.
Manara Developments is the first real estate developer in the GCC to have signed on with EcoSecurities. This agreement would enable EcoSecurities to assess, measure and offset the company's carbon footprint, helping it reach a level of carbon neutrality that would support Manara's environmental integrity in line with the Company's 'All Considered' philosophy.
Commending Manara's pioneering approach, Souheil H Abboud, regional director EcoSecurities - Middle East, said: "Manara Developments' decision to carbon balance their operations not only serves to fulfil their environmental commitments, but also contributes to introducing alternative models of sustainability in the GCC."
EcoSecurities is one of the world's leading companies in the business of originating, developing and trading carbon credits and a key player in guiding greenhouse gas emission reduction projects through the Kyoto Protocol.
"At Manara Developments, we strive to develop projects that sustain communities and enhance environmental appreciation whilst optimising investor returns. This agreement with EcoSecurities is a crucial step in underlining our commitment to corporate social responsibility and in developing a business model that embodies environmental concern at its very core," said Kareem M Shamma, chief executive officer, Manara Developments.
