ADNEC Group Sustainability Strategy and ESG Framework by ADNEC Group

Sustainability Strategy & ESG Framework

Environmental & Social Governance

June 2025

Acknowledgement

Dear Reader,

Welcome to the ADNEC Group Sustainability Strategy and ESG Framework. Since its inception, this strategy has been revitalised to capture the significant progress we have made in advancing our ESG maturity and embedding sustainability at the heart of our business, growth and operations. Over the past decade, we have implemented transformative initiatives across the Environmental, Social, and Governance pillars, building on and feeding into the foundation of our initial strategy and framework. Throughout this journey, we have continuously refined our policies and frameworks to ensure they remain robust, forward-looking, and reflective of the organisation's evolving aspirations and achievements.

Our environmental journey has been pivotal. We have not only calculated our carbon footprint across Scopes 1, 2, and 3, but have also delved into extended Scope 3 emissions to comprehensively understand and address our environmental impact. These efforts have resulted in the development of our Net Zero Transition Plan, outlining key projects and initiatives to achieve our 50% carbon reduction by 2030 and net zero by 2045 commitment. These include deploying renewable energy solutions, enhancing energy and resource efﬁciency, and reducing emissions across our value chain.

Meanwhile, our social impact initiatives has been equally transformative to our social sustainability pillar and goals. We have prioritised initiatives that enhance employee well-being, foster gender balance and diversity while strengthen community engagement and stakeholder value creation. Notable achievements include launching programmes that support Emiratisation, employee talent development, establishing partnerships to promote community resilience, and implementing initiatives that improve workplace equality and culture. Through these efforts, we have reinforced our commitment to social responsibility, ensuring that our growth is inclusive and aligned with global best practices.

Governance remains at the heart of our ESG and sustainability strategy. Our governance frameworks have evolved to reﬂect our ESG maturity, embedding transparency, accountability, and ethical decision-making across all levels of the organisation. In alignment with our commitment to responsible business practices, we have introduced an ethical and responsible procurement process that incorporates ESG criteria, engaged actively with our stakeholders and speciﬁcally our suppliers through strengthened due diligence across our supply chain.

This updated strategy builds upon the foundation of our original strategy and framework, incorporating learnings from our journey while addressing emerging challenges and opportunities. It reafﬁrms our commitment to Abu Dhabi’s and the UAE’s ESG. sustainability and social responsibility ambitions, aligning with national strategies and global frameworks to deliver meaningful impact.

As we move forward, we recognise that sustainability is an evolving journey. By continuously reﬁning our approach, engaging with stakeholders, and monitoring our progress, we remain committed in our mission to create a sustainable, inclusive, equitable and low-carbon future. This document offers some insight into our accomplishments and the road ahead, and we invite you to join us in driving this vision forward.

ESG and Sustainability Team

| Executive Summary

ADNEC Group - Evolution of ESG

Joined the Abu Dhabi Sustainability Group and introduced structured waste management and recycling initiatives

Published our ﬁrst Global Reporting Initiative (GRI) report and achieved ISO 14001 Environmental Management certiﬁcation

Integrated into ADQ

Won the EFQM Challenge for circular economy

Secured ISO 20121 certiﬁcation for sustainable events

Issued 1st ESG report from this year onwards

ADNEC Group is ranked 3rd among 32 ADQ entities in reference to ESG practices

ADNEC Group joins the global initiative Net Zero Carbon Events

Summary of Key Achievements

1. ESG strategy and sustainability framework

2. Issued annual ESG reports – Year 2021 onwards

3. Alignment with Modon Holding ESG Policy & Strategy

4. Developed Group-wide Net Zero Transition Plan with targeted projects

5. Commissioned key projects at ADNEC Centre Abu Dhabi: EWEC Trade Agreement, Solar PV, AI Energy Optimisation Project

Developed and launched our ﬁrst Sustainability Strategy and ESG Framework, along with a carbon emissions strategy and plan.

Integrated into Modon Holding & alignment with ESG Strategy

Developed Group-wide Net Zero Transition Plan & Commissioned key projects such as EWEC, Solar PV, AI Energy Optimisation, and more

Summary of Key Next Steps

Launched second Sustainability and ESG strategy & framework Integrated ESG criteria into procurement Ethical Procurement & Supply Chain Engagements

1. Implement Targeted Efﬁciency and Carbon Reduction Projects

2. Transition scope 3 emissions from supplier spend to activity based

3. Further develop procurement ESG criteria – formalise process

4. Engage with suppliers – ESG Training and Awareness

5. Reduce 50% of Scope 1 & 2 emissions by year 2030 – as per NZTP ...and more

Overview of National and International Mandates

In formulating its ESG Strategy, ADNEC Group undertook an extensive analysis of local and global trends, strategies, and methodologies, while gaining a deeper understanding of stakeholder expectations, to effectively deﬁne its ESG priorities and strategic direction.

SECTOR SCOPE TITLE

General International United Nations Sustainable Development Goals

United Nations Global Compact

Global Reporting Index (GRI)

National UAE Principles of the 50

Green Agenda 2030

UAE Net Zero 2050

Abu Dhabi Climate Change Strategy

UAE Energy Strategy 2050

We the UAE 2031

Abu Dhabi Economic Vision 2030

Abu Dhabi Environment Vision 2030

In-Country Value (ICV) Program

Modon Holding ESG Policy & Strategy

OVERVIEW

A universal framework comprising 17 goals adopted by all UN member states to end poverty, protect the planet, and ensure prosperity for all by 2030.

A voluntary initiative based on ten principles covering human rights, labour standards, environmental protection, and anti-corruption practices.

An internationally recognised framework that provides a standardised approach to sustainability reporting, enhancing transparency, comparability, and stakeholder engagement.

Ten strategic principles guiding the UAE’s long-term economic, political, and social development, emphasising sustainability, human capital, and global partnerships.

A UAE-wide action plan aimed at accelerating the transition to a green economy through sustainable economic growth, environmental stewardship, and increased competitiveness.

A national commitment to achieving net-zero carbon emissions by 2050, promoting sustainable development, clean energy, and low-carbon economic diversiﬁcation.

A strategic framework aimed at reducing Abu Dhabi’s greenhouse gas emissions and enhancing resilience to climate change through comprehensive mitigation and adaptation initiatives.

A national strategic roadmap focused on diversifying the UAE’s energy sources, enhancing energy efﬁciency, and increasing the share of renewable and clean energy to ensure sustainable economic growth.

A comprehensive national vision outlining strategic objectives and initiatives to position the UAE as a global leader in innovation, sustainable development, economic prosperity, and societal well-being by 2031.

A long-term strategic plan designed to diversify Abu Dhabi’s economy, reducing reliance on oil by developing high-value, knowledge-driven sectors and promoting sustainable economic growth and competitiveness.

A long-term strategic plan integrating economic growth with environmental sustainability, focusing on resource efﬁciency, biodiversity conservation, and quality of life improvements in Abu Dhabi.

A UAE national initiative designed to stimulate local economic development, enhance competitiveness, and promote local content, employment, and investments within supply chains.

Modon Holding’s ESG governance framework, guiding and embedding environmental, social, and governance principles across all subsidiaries, including ADNEC Group.

Overview of National and International Mandates

SECTOR SCOPE TITLE

Sector Related International Net Zero Carbon Events (NZCE)

Science Based Targets Initiative (SBTi)

National ADNEC Group Corporate Strategy

ADNEC Group ESG and Sustainability Framework and Strategy

OVERVIEW

An events industry-led initiative committed to halving greenhouse gas emissions by 2030 and achieving net zero emissions by 2050, aligned with the Paris Agreement targets.

An initiative that guides companies in setting scientiﬁcally aligned, measurable greenhouse gas emission reduction targets to effectively address climate change.

ADNEC Group’s corporate strategy, deﬁning ambitions and targets for sustainable growth, stakeholder value creation, and integrated ESG management across its investments and operations.

ADNEC Group’s ESG-speciﬁc strategy outlining clear sustainability objectives, targets, and governance processes that guide responsible operations across all business clusters.

Overview of ADNEC Group’s Integrated ESG Approach

Benchmark Approach Overview

A benchmark was conducted with the aim of understanding of what other organisations are doing with regards to their Sustainability strategy and ESG framework and to use this information as part of ADNEC Group’s own ESG journey

Overarching Criteria for Selection:

Type of organisation

Availability of information

ESG maturity

Disclaimer: This benchmark is not intended to provide a one-to-one comparison, nor intended to rank ADNEC Group against the selected organisations.

Portfolio Peers

Local Market Peers

International Peers

ADNEC Group - Material ESG Topics

The Material Topics outline what issues mater most to the Group’s stakeholders and to the business itself – in surveying and engaging internal and external stakeholders; the Group was able to identify 20 material topics

Business Impact Rating

Environment Governance Social

The resulting material ESG topics for the ADNEC Group are:

Carbon Footprint and Greenhouse Gas emissions

Energy Efﬁciency

Waste Management and Circular Economy

Sustainable Materials

Renewable Energy

Water Conservation and Management

Workforce Well-Being

Work-Life Balance

Gender Balance and Equal Opportunity

Nationalisation

Customer Experience & Satisfaction

Community Initiatives and Engagement

Health & Safety

Ethical Sourcing and Supply Chain Oversight

Data Security and Integrity

Business Ethics and Values

Corporate Governance

Business Continuity and Resilience

Transparency and ESG Disclosures

Operational Excellence and Innovation

Modon Holding : ADNEC Group - ESG Strategy Alignment

and Habitat Protection

(if relevant for ADNEC operations)

(if relevant)

*Biodiversity: Currently, biodiversity is explicitly mentioned in Modon Holding’s ESG policy but is not explicitly listed in ADNEC Group’s updated material topics. Confirm whether biodiversity applies significantly to ADNEC Group’s operations when assessing initiatives and projects. *Talent Development: Included under Workforce Well-Being for simplicity, as ADNEC Group does not explicitly mention it separately.

ADNEC Group: Top ESG Risks

Selected due to their link with the KPIs of our ESG Index

- Absolute Carbon Emissions (tCO₂e)

- Carbon Intensity per Employee

- Carbon Intensity per Event

- Carbon Intensity per Visitor

- NOx/SOx Emissions

Carbon Footprint and Greenhouse Gas Emissions

Environment

- Water Consumption (m³)

- Water Intensity per event

- Electricity Consumption (kWh)

- Electricity Intensity (kWh/m²)

- Total Waste (kg)

- Recycled Waste (kg)

- Diversion Rate (%)

- Hazardous Waste (kg)

- Number of Major Spills

Potential loss of business opportunities due to increased stakeholder and regulatory demand for net-zero carbon operations. Financial and reputational impacts.

Medium

Increased regulatory scrutiny leading to potential fines or restrictions on operations if emission standards are exceeded. Medium

Water Conservation and Management Risk of water scarcity impacting operations and regulatory penalties for exceeding consumption limits. Increased operational costs.

Energy Efficiency

Waste Management and Circular Economy

Inefficient energy use increases operational costs and contradicts ESG commitments, impacting reputation and regulatory compliance.

Medium

Implementation of a robust Net Zero Transition Plan, energy efficiency improvements, renewable energy projects, and active supply chain engagement.

Ineffective waste management leading to increased operational costs, regulatory fines, environmental pollution incidents, and reputational damage.

Medium

emissions monitoring, compliance checks, and implementation of pollution-control technologies.

Regular water audits, installation of water-efficient fixtures, recycling and reuse initiatives, and employee awareness programmes.

Energy efficiency upgrades, LED lighting, HVAC optimization aligned with ASHRAE standards, solar PV installations, energy monitoring systems, and audits.

- Number of Environmental Violations Compliance and Environmental Management

Environmental violations causing financial penalties, operational disruptions, and reputational harm.

Medium

Enhanced waste management strategy, WasteMaster technology implementation, increased recycling programmes, hazardous waste protocols, and employee training.

Regular environmental audits, enhanced compliance training, proactive management reviews, and robust monitoring and reporting procedures. All

ADNEC Group: Top ESG Risks

Selected due to their link with the KPIs of our ESG Index

- Employee WellBeing and Work-Life Balance Workforce Well-Being

- Gender Balance and Equal Opportunity, Nationalisation Gender Balance and Equal Opportunity

- Customer Satisfaction Score Customer Experience & Satisfaction

- Community Engagement Activities

Community Initiatives and Engagement

- Health & Safety Incidents Health & Safety

- Ethical Sourcing Compliance Rate

Ethical Sourcing and Supply Chain Oversight

- Data Breaches Incidents Data Security and Integrity

- Number of Ethics Violations Reported Business Ethics and Values

- Governance and Compliance Audits Corporate Governance

- Business Continuity Plan Activation Business Continuity and Resilience

- ESG Disclosure Completeness (%)

- Operational Excellence and Innovation Index

Transparency and ESG Disclosures

Operational Excellence and Innovation

Reduced productivity and high staff turnover due to inadequate support for employee well-being and worklife balance.

Reputational risk and limited innovation due to lack of diversity and non-compliance with nationalisation objectives.

Loss of revenue and reduced market competitiveness due to poor customer experiences and reduced satisfaction ratings.

Reduced community support and loss of social license to operate if local engagement is insufficient.

Operational disruptions, regulatory fines, and reputational damage due to workplace accidents or inadequate safety practices.

Operational and reputational risks arising from unethical supply chain practices and supplier noncompliance.

Financial, regulatory, and reputational impacts from data security breaches.

Financial, legal, and reputational risks from unethical business practices.

Regulatory penalties and reputational damage due to governance failures.

Financial losses and operational disruptions due to inadequate preparedness for crises.

Loss of stakeholder trust due to insufficient transparency in ESG reporting.

Reduced competitive advantage due to lack of innovation and operational inefficiencies.

Medium High

Employee wellness programmes, flexible working policies, regular employee surveys, and continuous improvement in workplace conditions.

Human Resources

Medium Medium

Inclusive hiring practices, diversity and inclusion training, nationalisation targets with strategic workforce planning.

Medium High

Medium Medium

Enhanced customer feedback mechanisms, service excellence training, continuous quality improvement programmes.

Human Resources

Business Clusters Quality / Customer Experience

Active community investment programmes, regular stakeholder dialogues, CSR initiatives aligned to local community needs. All

Strategy, Sustainability & ESG Champions

Medium High

Comprehensive health and safety management system, regular safety training, incident reporting and analysis, continuous safety audits.

All Business Clusters Health, Safety and Environment

Medium High

Medium Medium

ESG-integrated procurement policies, rigorous supplier due diligence, and periodic supplier audits.

Robust cybersecurity framework, employee training, regular penetration testing, and IT security audits.

Clear ethics policies, robust whistleblowing channels, regular ethics training.

Strong governance frameworks, regular compliance audits, board oversight.

Regularly updated business continuity plans, scenario testing, employee preparedness drills.

Comprehensive ESG reporting aligned with global standards, external assurance.

Risk & Compliance

All Business Clusters

Risk & Compliance IT & Digital Transformation

All Business Clusters

Risk & Compliance

All Business Clusters Risk & Compliance

All Business Clusters

Business Continuity

Strategy & Sustainability

All Business Clusters

Medium High

Continuous innovation programmes, operational efficiency initiatives, technology integration.

Business Excellence Team

Innovation Committee

ADNEC Group: Top ESG Opportunities

Develop and implement a group-wide decarbonisation roadmap to achieve Net Zero Carbon Emissions by 2045, accelerating the existing 2050 pledge. This initiative focuses on cutting greenhouse gas emissions through energy efficiency measures, adoption of renewable energy, and carbon offset programs in event operations. It involves working closely with event organizers and suppliers to minimize the carbon footprint of venues and exhibitions.

Invest in energy-efficient infrastructure and practices at all venues. This includes retrofitting lighting systems with LED technology, optimizing HVAC and cooling systems, installing smart building controls, and engaging staff in energy conservation training and awareness. These upgrades reduce electricity use and align with national energy efficiency targets for 2050.

Expand the use of clean energy by installing on-site renewable power systems (e.g. solar panels on exhibition hall rooftops and parking structures) and procuring clean electricity from the grid. Generating renewable energy on-site will directly reduce reliance on fossil fuels and cut Scope 2 emissions from venue operations. Any surplus energy could be fed back or stored to further improve efficiency.

Implement a comprehensive waste management initiative aiming for zero waste to landfill in events and operations. Measures include expanding recycling and composting facilities onsite, phasing out single-use plastics in venues, reusing or donating exhibition materials, and working with contractors to design booths and stages for disassembly and reuse. The program also entails educating exhibitors and attendees on waste sorting and reduction.

Adopt water-saving technologies and practices across venues and hotels to minimize water usage. This includes installing low-flow fixtures and sensor faucets, optimizing irrigation systems for landscaping, implementing greywater recycling for plant irrigation or toilet flushing, and improving chillers/cooling towers for efficient water use. Regular monitoring of water consumption will identify and fix leaks promptly.

Operational cost savings from energy reduction and resource efficiency, enhanced brand reputation as a sustainability leader in the events industry (leading to increased stakeholder trust and preference), and proactive compliance with global climate initiatives (positioning ADNEC ahead of emerging carbon regulations).

Significantly lower operating costs due to reduced energy consumption, decreased carbon emissions contributing to climate goals, and improved compliance with energy regulations and green building standards (reducing the risk of future energy price or carbon cost increases).

Long-term energy cost savings and insulation from utility price volatility, a demonstration of innovation and climate leadership that provides competitive advantage as stakeholders increasingly prefer low-carbon partners, and tangible progress toward ADNEC’s emission-reduction targets (mitigating transition risks associated with carbon).

Lower waste disposal and material procurement costs due to reduced waste generation and increased recycling, improved operational efficiency in resource use, and enhanced corporate reputation for environmental responsibility – visibly aligning ADNEC with circular economy principles and client sustainability expectations.

Reduced water utility costs and improved efficiency (important as businesses in water-scarce regions should implement strategies to cut usage), increased resilience against future water scarcity or stricter water regulations, and support of UAE sustainability goals on water conservation (strengthening ADNEC’s license to operate in the community).

ADNEC Group: Top ESG Opportunities

Selected due to their link with the KPIs of our ESG Index

Occupational Health & Safety Excellence

Employee Wellbeing & Engagement Program

Employee Health & Safety

Employee Engagement & Well-being

Strengthen health and safety practices to ensure safe venues for employees, contractors, and visitors. This includes regular HSE training and drills, rigorous risk assessments for events, certification to international safety standards (e.g. ISO 45001), and a “safety-first” culture campaign. By investing in advanced safety equipment and clear emergency response plans, ADNEC can minimize workplace incidents and ensure all events meet high safety standards.

Implement programs to support employees’ physical and mental well-being and to foster engagement. Initiatives could include wellness workshops, access to mental health resources, fitness activities, flexible working arrangements, and regular employee feedback surveys (with action plans based on results). Emphasizing work-life balance and well-being benefits will improve overall job satisfaction.

Fewer accidents and incidents, leading to lower costs related to injuries or disruptions (companies that prioritize employee health and safety can reduce costs associated with accidents and illnesses). Additionally, a robust safety record boosts ADNEC’s reputation as a reliable, world-class venue operator and ensures compliance with labor and event safety regulations (reducing legal risk).

Higher employee morale and productivity, and improved talent retention –employees are more likely to stay with and be attracted to a company that invests in their well-being and shares their values. A positive workplace culture also enhances innovation and service quality (as engaged employees are more motivated), and strengthens ADNEC’s brand as an employer of choice.

Diversity & Inclusion Strategy Diversity & Inclusion

Roll out a comprehensive diversity and inclusion strategy to ensure equal opportunity and a workforce that reflects the community. This strategy would set targets (e.g. increasing female representation in leadership and hiring more UAE nationals), enforce unbiased recruitment and promotion practices, provide mentorship and leadership programs for underrepresented groups, and conduct regular staff training on unconscious bias and inclusive culture.

Invest in developing employee skills and leadership pipeline. This encompasses graduate recruitment schemes and internships, continuous training and upskilling workshops, clear career progression paths, and partnerships with educational institutions (e.g. sponsoring industry-related courses or hosting job fairs). By mapping career development plans for employees and recognizing high performers, ADNEC can build a strong internal talent pipeline.

A more diverse and inclusive workforce drives greater innovation and problem-solving by bringing varied perspectives. It also strengthens the company’s appeal to a broader talent pool and improves employee engagement and loyalty. Moreover, demonstrating commitment to D&I enhances ADNEC’s compliance with local employment goals and its reputation among global partners and clients as an equitable, modern organization.

Improves workforce capabilities and innovation capacity, ensuring the company has the skills needed for future growth. These programs also increase employee loyalty (reducing turnover costs) and help attract top talent externally – as employees are drawn to organizations with strong development opportunities and values alignment. In the long term, succession planning through talent development secures leadership continuity for the Group.

Customer Experience Enhancement

Higher client satisfaction and loyalty, leading to repeat business and positive word-ofmouth. Strengthening customer-centricity also enhances ADNEC’s brand reputation and competitive position – companies known for responsible practices and superior service tend to enjoy better stakeholder loyalty. Additionally, actively engaging with customer feedback drives continuous improvement in operations and can spark service innovations. Community

Customer Satisfaction & Service Quality

Leverage technology and staff training to elevate the experience for customers, clients, and event attendees. This opportunity involves deploying advanced CRM systems and data analytics to personalize services, implementing real-time feedback tools (surveys/apps) during events, and training frontline staff in service excellence. By using customer insights and focusing on client care, ADNEC can set itself apart in service quality.

Engagement & Social Impact Initiatives Community Engagement & Impact

Establish robust community outreach and investment programs to ensure ADNEC’s growth benefits the local society. For example, partner with local schools and universities on education and internship initiatives, support community events and charitable programs, encourage employee volunteering days, and collaborate with local businesses (such as SMEs and social enterprises) for event services. Regularly measuring and communicating the Group’s economic and social contributions to Abu Dhabi demonstrates transparency in impact.

Strengthens relationships with local stakeholders and ADNEC’s “social license to operate.” A proactive community engagement approach enhances the company’s reputation among residents and regulators and contributes to the local economy and social development. Such goodwill can translate into easier project approvals, government support, and a preference from clients who value working with a socially responsible venue partner.

ADNEC Group: Top ESG Opportunities

Selected due to their link with the KPIs of our ESG Index

Integrated Risk Management & Business Continuity

Risk Management & Business Continuity

Strengthen the Group’s ethics and compliance framework to uphold the highest standards of corporate governance. Key actions include periodic training for all employees on the Code of Conduct and anti-corruption policies, establishing an anonymous whistleblower hotline, performing regular compliance audits, and enforcing zero tolerance for violations. Leadership oversight (e.g. an ethics committee) will monitor compliance and address any misconduct swiftly.

Implement robust data protection measures to safeguard customer, employee, and partner data across all business units. This opportunity involves upgrading cybersecurity infrastructure (firewalls, intrusion detection, encryption), conducting regular vulnerability assessments and penetration tests, and enforcing strict data governance policies (in line with GDPR and UAE data laws). Employees will also receive training on cybersecurity awareness and data privacy best practices.

Integrate environmental and social criteria into procurement and supply chain management. ADNEC will update procurement policies to favor suppliers with strong ESG credentials, use more local and eco-friendly products (e.g. sustainable event materials, green catering options), and require key suppliers to abide by ADNEC’s supplier code of conduct. Supplier ESG performance will be monitored and ADNEC can collaborate with vendors on initiatives to reduce waste and improve labor practices in the supply chain.

Adopt best practices in ESG reporting and disclosure to improve transparency. This includes publishing an annual ESG/Sustainability report aligned with international frameworks (GRI, SASB, etc.), clearly communicating performance on each material topic and progress toward targets. ADNEC should also report climate-related risks in line with TCFD recommendations and ensure data in reports is externally assured. Regularly updating stakeholders on ESG progress (via the company website or newsletters) is part of this initiative.

Embed ESG considerations into enterprise risk management and strengthen business continuity plans. This involves regularly updating the corporate risk register to include ESG risks (e.g. climate change impacts, supply chain disruptions, health pandemics), and developing robust contingency and continuity plans for critical operations. ADNEC will conduct scenario planning and simulation drills (for events of various crisis situations) to ensure preparedness. Business continuity policies (aligned with ISO 22301 or similar) will be maintained and communicated to all relevant teams.

Company A

Reduces the risk of legal breaches or reputational scandals by proactively preventing misconduct (effective ESG risk management lowers the likelihood of financial, legal, or reputational damage). It also builds stakeholder trust – investors, partners and regulators gain confidence that ADNEC operates ethically and transparently – and ensures adherence to all applicable laws and regulations, avoiding penalties.

Prevents data breaches and the associated financial and reputational harm that can result from such incidents. Maintains customer and stakeholder trust by demonstrating that ADNEC takes data privacy seriously and ensures compliance with data protection regulations (avoiding regulatory fines). A strong cybersecurity posture also protects business continuity by reducing the risk of IT disruptions.

Mitigates supply chain risks and can lead to cost savings – for example, sourcing materials more sustainably and efficiently, and reducing waste in the supply chain can lower costs over time. It also enhances ADNEC’s brand credibility and consistency, as the company’s ESG values are extended to its partners (which is increasingly important to clients and investors). Additionally, this program ensures compliance with emerging regulations or client requirements regarding responsible sourcing.

Increases accountability and builds stakeholder confidence in the company’s commitments. High-quality ESG disclosure meets investor expectations and regulatory requirements, potentially improving access to capital as investors and lenders favor companies with strong ESG transparency. It also helps internal decision-making by tracking progress and enhances ADNEC’s reputation for governance excellence and openness.

Enhances organizational resilience against crises and unexpected disruptions, thereby protecting employees, customers, and financial performance. Proactive risk management of ESG issues helps avoid or mitigate potential losses (identifying and managing ESG-related risks lowers the likelihood of costly incidents). A strong continuity capability also assures stakeholders – from clients to regulators – that ADNEC can sustain operations under challenging conditions, which builds trust and reliability.

ESG and Sustainability Strategy

Pledge

“Create long-term value for all our stakeholders through consciously ethical and sustainable practices across our group activities”

Growing and Investing in Our Employees

emissions by improving energy eﬃciency, transitioning to renewable energy, and managing emissions from logistics and travel.

2. Minimise waste generation by enhancing recycling, promoting reuse, and prioritising sustainable and recyclable materials through circular economy practices.

3. Strengthen infrastructure and operational resilience by proactively addressing climate-related risks, implementing green building practices, and managing environmental impacts across events.

4. Responsibly manage natural resources by optimising water use, reducing pollution and protecting soil and land quality

1. Foster a supportive workplace by prioritising employee well-being, work-life balance, and occupational health and safety, creating a resilient and productive workforce.

2. Promote diversity, gender balance, and equal opportunity through inclusive hiring practices, development opportunities, and equitable career advancement.

3. Accelerate nationalisation and talent retention by investing in continuous training and development, preserving Emirati culture and identity, and positioning the organisation as an employer of choice.

4. Uphold fundamental human rights and proactively prevent discrimination, while encouraging employees to actively engage in meaningful volunteerism and community initiatives.

ESG and Sustainability Strategy

“Create long-term value for all our stakeholders through consciously ethical and sustainable practices across our group activities”

Collaborating with Our Communities, Partners & Suppliers

Safeguarding our Assets & Values

1. Promote ethical conduct, responsible communication, and transparent governance practices that uphold stakeholder trust and regulatory compliance.

3. Ensure strong governance, senior management diversity, and responsible sourcing through robust oversight and alignment with ESG principles. Our Pledge

3. Drive sustainable growth by embedding human rights, innovation, and ethical practices across our value chain and partnerships.

2. Strengthen cyber security, business continuity, and risk governance frameworks to ensure secure, adaptive, and future-ready operations

ESG as a Driver of Long-Term Value

ADNEC Group’s ESG framework strategically aligns environmental, social, and governance priorities with business performance. By applying a uniﬁed set of metrics across all clusters, we enhance our capability to:

Manage Risk Create Impact & Value Build Trust & Governance Achieve Operational Excellence

Identify emerging regulations, climate risks, and stakeholder expectations to enable proactive decision-making.

Drive stronger revenue growth, improve cost efficiency, enhance staff productivity, and secure access to favourable financing.

Uphold transparent governance, ethical conduct, and responsible supply chains to mitigate legal, regulatory, and reputational risks.

Improve energy, waste, and resource efficiency, while fostering innovation and sustainable service delivery.

Abu Dhabi's Strategic Directives and Priorities

Governance and Control

Our governance framework includes continuous evaluation and measurement of ESG performance, independent oversight to reinforce accountability, and regular reﬁnement of governance structures to effectively address evolving sustainability risks and opportunities.

Entity

Modon Holding - Board of Directors

Responsibilities

Establishes the overarching sustainability and ESG strategy for Modon Holding and its subsidiaries, including ADNEC Group. Sets strategic objectives, highlevel targets, and priorities aligned with applicable mandates and regulations. Provides oversight through regular reviews of ESG performance against established targets as reported by the Group CEO, ensuring accountability and transparency.

Modon Holding - Group CEO

Holding - Executive Management Committee

ADNEC Group - Managing Director & Group CEO

Leads the operational integration and execution of Modon Holding’s sustainability and ESG strategy across all subsidiaries. Ensures subsidiaries adhere to the established ESG framework and achieve set targets. Reports regularly to the Board of Directors on ESG performance, highlighting key achievements, challenges, and recommended actions.

Supports the Group CEO by reviewing and advising on ESG strategic direction, business planning processes, and priorities. Provides guidance on ESG policy development, strategic targets, procedures, risk management, annual goals, and key performance indicators (KPIs).

Provides executive leadership and strategic direction for ADNEC Group’s sustainability strategy and ESG agenda. Ensures full alignment with Modon Holding’s ESG policies, targets, and standards. Oversees the management of ESG performance, risk management frameworks, and sustainability initiatives and projects across the organisation.

Leads the development, implementation, and monitoring of ADNEC Group’s ESG strategy and initiatives. Manages the ESG performance framework, coordinates sustainability activities across all business clusters, ensures alignment with recognised global ESG standards, and facilitates transparent ESG reporting. Advises senior leadership on sustainability best practices, monitors performance against defined ESG objectives, and recommends areas for continuous improvement. Provides regular reporting to the Managing Director and Group CEO, detailing ESG achievements, challenges, and strategic recommendations.

Modon

ADNEC Group - Strategy & Sustainability Department

ADNEC Group: Integrated Value Creation ESG Approach

• Sustainability leadership enhances competitiveness in international bids and events

• Clean energy, waste innovation, and ESG-aligned services open new commercial opportunities (e g sustainable event packages, green certiﬁcations, carbon-neutral partnerships).

• Strategic ESG positioning supports access to sustainability-linked ﬁnancing and impact-focused investments.

• Energy-efﬁcient operations (AI-driven BMS, HVAC optimisation, solar PV) lower utility costs and carbon intensity.

• Waste diversion and food valorisation reduce disposal costs and improve operational sustainability across F&B and events

• Water-saving ﬁxtures and greywater reuse reduce consumption and avoid excess utility charges

• ESG performance strengthens brand equity and stakeholder trust

• Enhances talent attraction and retention through well-being, inclusion, and upskilling initiatives

• Enables stronger regulatory compliance and futureproofs operations against climate, data, and ethical risks.

• Drives innovation in event delivery and builds thought leadership in net-zero and sustainable MICE practices

Protecting

Our Land, Air, and Seas

1. Scope 1, 2 & 3 GHG emissions (absolute & intensity)

2. Renewable energy consumption (% of total use)

3. Energy, water & waste intensity per event/visitor

4. Waste diversion & food waste valorisation rates

5. % of sustainable materials used in operations & events

6. Climate risk assessments & mitigation actions

7. Green building certiﬁcations (LEED/Estidama)

8. Water reuse & quality management projects

Growing and Investing in Our People

1. Employee satisfaction & engagement scores

2. Occupational health & safety indicators ( LTI, incident rate)

3. Gender diversity & leadership representation

4. Emiratisation rate & retention of UAE talent

5. Participation in training, development & upskilling programmes

6. Volunteer hours and employee social impact participation

Collaborating with Our Communities, Partners, and Suppliers

1. Supplier ESG compliance rate & ethical sourcing audits

2. % of local and sustainable procurement spend

3. Community investment (amount, beneﬁciaries, partnerships)

4. Customer satisfaction (NPS, complaints resolved)

5. Engagement in cultural inclusion and accessibility programmes

Safeguarding Our Assets and Values

1. ESG reporting alignment (GRI, TCFD, SDGs)

2. ESG assurance & veriﬁcation status

3. Data breaches & cybersecurity incident frequency

4. Whistleblowing reports & resolution rate

5. Business continuity test coverage & scenario simulation frequency

6. Compliance with internal controls & ethics training participation

ADNEC Group: Overarching ESG Value Chain

In this phase, the Group conducts its materiality assessment, stakeholder engagement, and other research activities to identify material topics, risks and opportunities that will shape its ESG strategy. This also includes articulating the Group’s aspirations in ESG, and deﬁnes its goals, targets, and plans – and linking these to the Group’s policies and procedures.

In this phase, the Group collects insights and data regarding its ESG performance in order to collate this information and disseminate it as part of its annual report and as required to its stakeholders, including shareholders, regulators and ratings agencies.

In this phase, the Group carries out periodic maturity and performance analysis to identify areas of improvement and track progress against the strategy, across the Group. Moreover, this phase includes the on-going research and coordination conducted by the ESG team(s) to identify ESG best practices, guidelines and improvements that can beneﬁt the Group.

ESG Reporting Overview

1 This is based on ADNEC Group’s responsibility to align with its shareholder‘s (Modon Holding) aspirations and strategy for adopting ESG practices. ADNEC Group on an annual basis must submit its updated ESG performance against the topics and criteria that are material to the business. The information provided is based on: the strategy/targets the Group has deﬁned, the measures (activities) deployed, and the results achived for each of the criteria identiﬁed by Modon Holding.

2 This consists of the reporting that ADNEC Group (or its speciﬁc business clusters / subsidiaries) submits to external stakeholders, in order to comply with the standards, guidelines, and mandates it has agreed to. Each external stakeholder represents its own speciﬁc reporting expectations.

3 This report is prepared and published annually, as part of the Group’s Annual Report. In it, ADNEC Group shares its ESG and sustainability goals, strategy, programmes and results.

4 This consists of ADNEC Group’s internal performance reporting that tracks the progress against its ESG strategy, updates on any ESG activities and the programmes deﬁned, and the maturity of the organisation’s ESG capabilities. These reports are submitted to the ESG Committee and Executive Management / Board on a regular basis.

5 Annual targets are prepared and shared by each business cluster / subsidiary within the Group, in line with the Group’s reporting to its shareholders, the public, and any other external stakeholders as required. Additionally, on a regular basis, each business cluster prepares and shares its performance updates against the Group’s ESG strategy.

ESG Governance: ESG Index

ADNEC Group develops an ESG Index outlining annual targets for each business cluster, aligned with the Group’s ESG Strategy and Modon Holding’s overarching strategy and policy; the index is updated bi-weekly and reported to senior management on a quarterly basis.

ADNEC Group ESG Index (internally, developed by ADNEC Group)

Reference: ESG Rankings & Ratings

ADNEC Group: Net Zero Carbon Commitment

ADNEC Group has accelerated its decarbonisation journey by launching a comprehensive Net Zero commitment. Guided by the Greenhouse Gas (GHG) Protocol and aligned with the Science-Based Targets initiative (SBTi), the Group established 2022 as its baseline year and committed to a robust, scientiﬁcally validated emissions-reduction pathway.

Year 2030

Reduce absolute Scope 1 and 2 emissions by at least 50% & ensure that suppliers representing 67% of Scope 3 Purchased Goods and Services have adopted science-based targets aligned with the 1.5°C pathway.

Reach full net zero across Scopes 1, 2, and 3, with any residual emissions (no more than 10%) neutralised through accredited carbon removal solutions only, such as direct air capture or longterm bio-based sequestration.

Year

Year 2045

ADNEC Group: Net Zero Carbon Commitment

Our updated and re-baselined year 2022 carbon footprint of 146,279 tCO₂e covers all relevant GHG Protocol categories including extended scope 3 emissions. Our carbon footprint scope 3 emissions are broken down as follows

ADNEC Group: Net Zero Carbon Commitment

ADNEC Group: Net Zero Pathway

ADNEC Group’s journey to achieving net zero by 2045 follows a structured, phased approach combining technology, operational excellence, and stakeholder collaboration.

Near-Term Targets for 2030

- Reduce absolute Scope 1 and 2 emissions by at least 50%

- Suppliers covering 67% of emissions from Purchased Goods and Services to set net zero targets

Medium-Term

for

2035 Reduce absolute Scope 1 and 2 emissions by at least 90%

Long-Term Target for 2045

Absolute Emissions by 90%

tCO2e

ESG Initiatives Overview

Our Net Zero Transition Plan outlines a clear roadmap structured around three distinct phases:.

• Carbon Baselining and Net-Zero Transition Plans

• Waste Management Initiatives

• ADNEC Centre Abu Dhabi - Clean Energy Agreement & AI Energy Optimisation Projects

• ExCeL London - Electricity Submetering, Voltage Optimisation & Lighting Controls

• Ethical Procurement Framework Development

• Data Collection / Reporting / ESG IT Solution

• ADNEC Centre Al Ain Clean Energy Agreement, On-site PV & Energy Audit

• ADNEC Centre Abu Dhabi Onsite PV & Energy Audit

• ExCeL London - Onsite PV (Phases 1 & 2), HVAC Controls & Voltage Optimisation

• ADNEC F&B – Voltage Optimisation

• ADNEC Media – Energy Audit & Clean Energy Trade Agreement

• Fleet Decarbonisation Phase 1

• Group-wide Lighting Redesign, Controls

• Group wide Energy Audits / ESCO Shared Savings Agreements

• Building Envelope Upgrades

• Travel Fleet Decarbonisation - Phase 2

• Environmentally Friendly Refrigerants

• Boilers & Heat Pump Upgrades

• Material lifecycle Analysis

• Transition Scope 3 emissions spend to activity based.

• Supplier awareness & training

2 | Sustainability Strategy Deﬁnition and ESG

Framework Approach at ADNEC Group

3-step Approach: ESG Business Strategy

Sustainability and ESG certiﬁcations, labels and frameworks have gained in popularity as transparency and stakeholder expectations become more important. A comprehensive approach in ESG driven organisation and strategy, should consider all 3 of these pillars.

Pillar 1

Materiality and Strategy Setting

For a company to establish and delivery its sustainability journey, several key activities need to be conducted ﬁrst as they present prerequisites for a clear and coherent strategy.

Carbon Footprint Assessment

All players should know their environmental footprint to assess their impact on climate and the society A scope 3 analysis will present emission heavy aspects and will thus provide reduction indicators Many tools and providers on the market offer GHG accounting services

Materiality Matrix

The materiality assessment helps stakeholders to find out how important specific environmental, social or governance issues are to them. The assessment combines this view with an understanding of the impact of these issues to the organisation’s financial and strategic success. A double materiality assessment can also be conducted to further consider the impact of these issues to the society

SDG Prioritization and Target Setting

To develop an ESG strategy a company needs to determine its main priority areas and goals in line with its values and its materiality. Here, the UN Sustainable Development Goals present an internationally recognized framework, with speciﬁc targets, that the organisation can work towards – including other key mandates that the organisation speciﬁcally contributes to.

Pillar 2

Reporting

Sustainability reporting becomes mandatory To take the sustainability accreditation even for organisations in all sectors and sizes. The further some companies, mainly stock public and private sector demand for exchange companies also aim for ESG transparency and some organizations offer recognition. This gives investors additional third party accreditation services to avoid conﬁdence of the organisation’s management greenwashing and promote collaborative capabilities and commitments in line with the action. Some of these organizations are SBTi, rating agencies ESG guidelines and standards. CDP, Ecovadis, ACT, GRI, etc.

ESG ratings are based on environmental, social and governance pillars which are all covered and step 1 and 2 of the recommendations. The most popular ESG rating companies are MSCI, Sustainalytics, etc.

ADNEC Group: Overarching ESG Framework

1. Strategic Alignment:

ADNEC Group’s ESG Framework and Strategy are aligned with the Group’s overall Corporate Strategy and guided by shareholder directions.

2. Vision and Aspirations:

The Group’s ESG vision and aspirations are shaped by shareholder priorities and relevant external frameworks, including the UN Sustainable Development Goals (SDGs), Science-Based Targets Initiative (SBTi), and UAE national priorities.

3. Implementation and Action Plans:

Guided by the overarching ESG Strategy, targeted substrategies and detailed action plans are developed and implemented across ADNEC Group to effectively deliver ESG objectives.

4. Subsidiary and Cluster Contributions:

Each subsidiary or business cluster actively contributes to the Group’s ESG Strategy by deﬁning tailored goals and action plans. These are aligned with Group-level strategic direction, while addressing speciﬁc material topics, operational requirements, constraints, and stakeholder expectations unique to their context.

Abu Dhabi's Strategic Directives and Priorities

ADNEC Group: ESG Model

The ADNEC Group ESG Model is aligned with international guidelines for ESG integration and reporting, leveraging the Group’s existing corporate strategy and management frameworks. The model comprises three interconnected activities:

Objectives and Strategy Deﬁnition

Governance and Control

Covers internal oversight, alignment, and continuous improvement of the Group’s ESG initiatives, ensuring robust governance and accountability.

Covers deﬁning material ESG topics, setting strategic ESG goals, and formulating actionable plans aligned with the Group’s vision.

Implementation and Reporting

Covers the management, execution, and monitoring of ESG action plans, including regular performance reporting to key stakeholders.

Objectives and Strategy Deﬁnition Process

The development of ADNEC Group’s ESG Strategy followed a structured 4-step process outlined below:

Alignment with National & International Mandates

Identify and align ADNEC Group’s ESG strategy with key national and international sustainability mandates and priorities.

Benchmark Analysis

Perform comparative analysis of ESG practices among leading organisations to identify relevant strategic elements and industry best practices.

Material ESG Topics

Deﬁne critical ESG topics most relevant to ADNEC Group’s operations and stakeholders, informing strategic direction.

Baseline Cards

Utilise detailed descriptions ("baseline cards") of each material ESG topic, capturing relevance, context within ADNEC Group, and associated risks and opportunities.

ESG Pledge

Establish ADNEC Group’s overarching sustainability ambition and commitment.

Priority Areas

Identify major ESG themes and areas of strategic focus, derived directly from the ESG pledge.

Speciﬁc Goals

Set measurable targets and speciﬁc outcomes to guide ESG strategy implementation and performance assessment.

Key Success Factors

Deﬁne critical enabling factors required for the successful achievement of ESG goals and effective strategy execution..

Action Plan & Roadmap

Outline comprehensive programmes, projects, initiatives, and timelines necessary to operationalise and deliver the ADNEC Group ESG Strategy effectively.

3 | ESG Gaps, Risks, and Materiality Assessment

ESG Gaps and Materiality Assessment Approach

In developing a robust ESG framework and strategy for the ADNEC Group, a clear understanding of the organisation’s current state and maturity needs to be established in addition to determining the key ‘issues’ it needs to tackle through its strategy – represented by the ‘material’ ESG topics.

1. Maturity Assessment

Snapshot analysis of the organisational capabilities, tools and practices adopted by the organisation in implementing and managing an ESG framework, and which looks at the following elements:

1. Objectives and Strategy Deﬁnition

2. Implementation and Reporting

3. Governance and Control

This is used to help determine the key areas that can be addressed that would add value to the organisation’s ESG journey.

2. Materiality Assessment

This assessment looks at the different topics that will directly inform the organisation's ESG strategy. The topics stem from global and local trends, including the organisation's own priorities based on its business activities and strategy, some of these sources include:

1. United Nations Sustainable Development Goals (UNSDG)

2. United Nations Global Compact (UNGC)

3. Net Zero Carbon Events (NZCE)

4. UAE Net Zero 2050

5. Modon Holding ESG Policy and Strategy

3. Risks and Opportunities

Risk management is an integral part of ESG and the aim here is to look at the key related risks and potential opportunities facing the organisation –based on its overarching business activities.

These risks and opportunities are taken from the perspective of each issue and are subsequently prioritized based on the material topics identiﬁed⁶

List of key gaps in the organisation’s ESG management practices.

Material topics relevant to ADNEC Group and its ESG Strategy.

Risks and Opportunities Associated with Each Material Topic

Maturity Assessment Approach

This maturity assessment provides a snapshot of the organisation’s current strengths and weaknesses in relation to its ESG management capabilities. The assessment is based on a review of the available information shared by the ADNEC Group strategy team and is informed by the interviews conducted with key members across the organisation as well as a review of the documentation made available.

OBJECTIVES AND STRATEGY DEFINITION

1. Does the organisation have an overarching vision for ESG?

2. Is ESG incorporated as part of the organisation’s broader strategy?

3. Is ESG incorporated as part of the organisation’s broader risk management framework?

4. Has the organisation deﬁned objectives and targets?

5. Are the targets in accordance with any established standards (e.g. SASB, CPD, SBTi)?

6. Has the organisation engaged with its stakeholders to determine its material issues?

7. Does the organisation have a set of programmes / initiatives that directly contribute to the ESG strategy?

IMPLEMENTATION AND REPORTING GOVERNANCE AND CONTROL

1. Does the organisation report or communicate internally and externally on its ESG performance?

2. Does the organisation provide any publicly accessible information about its ESG strategy and performance?

3. Does the organisation track the impact of its activities on its ESG strategy and targets?

4. Does the organisation enable the achievement and implementation of its ESG strategy through a dedicated budget allocation?

5. Does the organisation have the tools and technology to track and monitor ESG performance?

1. Are there clearly deﬁned roles for ESG management embedded within the organisation?

2. Is the ESG strategy and performance reviewed by the executive leadership and Board of the organisation.

3. Does the organisation have a dedicated manager / team to oversee ESG?

4. Are ESG principles and policies integrated into the operations and management systems of the organisation?

5. Is ESG supported by a clear approach and mechanism for change management?

6. Is the organisations ESG report reviewed and assured by a third party?

The aim of this assessment is not to give ADNEC Group a speciﬁc score or rating that it can use to benchmark itself to its peers – but to highlight to the reader and the team the current state of the organisation’s ESG management capabilities and the key gaps that it can address through its on-going ESG efforts

ESG Management Overview: Strengths and Areas for Improvement

OBJECTIVES AND STRATEGY DEFINITION

1. Sustainability is a core component in the Group (and cluster) strategies.

2. Key elements from the social and governance perspectives are represented in the Group strategy

3. The Group has several initiatives and projects that directly contribute towards ESG and sustainability.

4. A materiality assessment was previously conducted and will be expanded to include further stakeholders to provide further insights and alignment with stakeholder needs

5. The Group has individual targets related to ESG performance metrics, that support the Group in delivering a comprehensive ESG strategy.

IMPLEMENTATION AND REPORTING GOVERNANCE AND CONTROL

1. The Group has GRI reports on ESG and has publicly published annual ESG reports from 2021 to present date, and has been publishing sustainability reports since 2014.

2. ADNEC Group has positioned itself as a market leader in ESG and Sustainability through the various ESG and sustainability initiatives it has implemented over the years

3. The prioritisation and budgeting process for the Group is being expanded to factor in ESG programmes and ESG driven investments.

4. The Group has implemented several practices, programmes, and standards that contribute towards key topics within ESG (e g ISO 14001, 21021 and 22000)

5. The Group is tackled speciﬁc ESG topics (e.g. sustainability) and is planning broader awareness and training campaigns across ESG issues.

1. The Group has an established ESG Committee consisting of members from across the organisation and who meet bi-weekly.

2. ESG is an item on the agenda of every Board of Directors meeting, and is reported to Modon Holding monthly

3. The Group has implemented many programmes and policies that support ESG, such as; Anti-Bribery & Corruption Policy, Conﬂict of Interest and Related Party Policy and a Whistle-blowing Policy.

4. The mechanism to manage ESG within the clusters and to track overall ESG performance across the Group has been developed

5. The Group has developed a framework for ESG deﬁnition and management.

1. Key ESG performance metrics need to be re-baselined considering the growth of the Group’s activities.

2. The Group’s enterprise risk management (ERM) approach is being factors in ESG risks but this could be further improved / enforced through more adequate risk and compliance resources

1. The Group is taking steps to align with international reporting standards including those from SASB, TCFD, CDP.

2. ESG data is managed on an ad-hoc basis and the Group’s systems are being expanded to support in collecting, managing and utilising ESG related data

1. ESG principles and goals are being integrated across the organisation’s policies and procedures – while some policies are being reviewed against ESG to ensure alignment.

2. The Group’s ESG / sustainability disclosures have not yet been assured or validated by a third party –however, this is considered for future discolosures.

Materiality Assessment: ESG Topic Overview

1 Air pollution

2 Climate Risk and Resilience

3 Desertiﬁcation

4 Ecosystem biodiversity

5 Waste Management and Circular Economy

6 Carbon Footprint & Greenhouse Gas emissions

ENVIRONMENT

Contamination of the atmosphere by harmful substances including gases, chemicals, and particulates.

Physical and transition risks posed by climate change, and an organisation’s capacity to adapt effectively.

Degradation of land in dry regions caused by climate variability and unsustainable practices.

The diversity of living organisms and ecosystems, including genetic, species, and habitat variations.

Minimising waste and extending the lifecycle of materials through reuse, recycling, and closed-loop systems.

Total greenhouse gases emitted directly and indirectly by an organisation’s operations and value chain.

7 Green Building and Infrastructure Design and operation that minimises inefﬁciency and negative impacts throughout lifecycles.

8 Sustainable Materials Materials sourced and utilised to minimise negative environmental and social impacts.

9 Emissions from Travel and Logistics Greenhouse gas and air pollutant emissions from the transportation of people and goods.

10 Energy Efﬁciency

11 Event-Based Environmental Footprint

12 Noise Pollution

Reducing energy consumption and losses while delivering the same level of output or service.

Total environmental impact of energy, water, waste, and emissions, generated by an event or project.

Excessive or disturbing noise levels that negatively impact people or wildlife.

13 Renewable Energy Energy derived from naturally replenished sources such as solar, wind, or hydropower.

14 Soil & Land Use Impact Impact on soil health, erosion, and land conversion caused by operational activities.

15 Water Conservation and Management Efﬁcient use and sustainable stewardship of potable or freshwater resources.

16 Water Quality Management Actions to preserve or enhance the chemical, physical, and biological conditions of potable or freshwater.

1 Community Initiatives and Engagement

2 Cultural Accessibility & Inclusive Tourism

3 Health and Safety

4 Customer Experience & Satisfaction

5 Equitable Access

6 Non-Discrimination

SOCIAL

Programmes to support and involve local communities in social or environmental improvements.

Tourism experiences that are accessible, inclusive, and respectful of diverse cultures and abilities.

Protecting employees, contractors, visitors and occupants from injuries, illnesses, and health hazards.

Ensuring products and services consistently meet or exceed customer expectations, fostering loyalty.

Providing fair and unbiased access to products, services, or opportunities for all individuals.

Preventing unfair treatment based on characteristics such as gender, race, religion, or other attributes.

7 Emirati Culture and Identity Preserving and promoting the UAE’s national cultural heritage and values.

8 Employee Training and Development Improving employee capabilities and career prospects through ongoing learning and skills enhancement.

9 Gender Balance and Equal Opportunity Ensuring equitable representation, opportunities, and progression for all genders across the organisation.

Human Rights Respecting and protecting fundamental human rights and freedoms across operations and supply chains.

Prioritising the hiring and development of local citizens to enhance national workforce participation.

Creating or enhancing products and service to deliver value and address societal or environmental challenges.

GOVERNANCE

1 Accurate and Timely Communication Providing clear, consistent, and timely information to stakeholders.

2 Ethical Sourcing and Supply Chain Oversight Ensuring suppliers adhere to responsible labour, environmental, and ethical practices.

3 Business Ethics and Values Operating with integrity, fairness, transparency, and adherence to ethical principles.

4 Operational Excellence and Innovation Continuously improving organisational efﬁciency, performance, and outcomes through innovation.

5 Board Composition and Diversity Having a diverse and qualiﬁed board of directors for balanced decision-making.

6 Fair Competition Engaging in open market practices and preventing anticompetitive behaviour.

7 Data Security and Integrity Protecting data from breaches, ensuring its conﬁdentiality, accuracy, and availability.

8 Greenwashing Risk & Integrity Preventing false or misleading claims about environmental or social impacts.

9 Project Management Effectively planning, executing, and delivering projects within scope, time, and budget.

10 Regulatory Compliance Ensuring organisational adherence to applicable laws, regulations, and industry standards.

11 Corporate Governance Structures and processes that ensure accountability, oversight, and strategic guidance.

12 Transparency and ESG Disclosures Openly communicating accurate environmental, social, and governance performance and risks.

13 Risk Management and Internal Controls Identifying, evaluating, and mitigating risks through robust internal oversight systems.

14 Sustainability-Linked Finance Readiness Capability to secure ﬁnance linked to achieving speciﬁc sustainability targets.

15 Whistleblowing Providing secure channels to report unethical or illegal activities without fear of retaliation.

16 Business Continuity & Resilience Maintaining organisational operations effectively during and after disruptions.

Stakeholder Top Ranking ESG Topics

147 people responded to our survey that consisted of internal and external stakeholders, asking them to rate the relevance of key ESG topics. 36% of the respondents were internal stakeholders and 64% were external stakeholders.

OVERALL (n = 147)

1. Carbon Footprint and Greenhouse Gas emissions

2. Energy Efﬁciency

3. Waste Management and Circular Economy

4. Sustainable Materials

5. Renewable Energy

6. Water Conservation and Management

1. Workforce Well-Being

2. Work-Life Balance

3. Gender Balance and Equal Opportunity

4. Nationalisation

5. Customer Experience & Satisfaction

6. Community Initiatives and Engagement

7. Health & Safety

EMPLOYEES (n= 53)

1. Waste Management and Circular Economy

2. Energy Efﬁciency

3. Renewable Energy

4. Carbon Footprint and Greenhouse Gas emissions

5. Sustainable Materials

6. Noise Pollution

1. Workforce Wellbeing

2. Work-life Balance

3. Employee Training and Development

4. Nationalisation

5. Non-Discrimination

6. Emirati Culture and Identity

7. Talent Attraction and Retention

CUSTOMERS

(n =48)

1. Energy Efﬁciency

2. Ecosystem Diversity

3. Carbon Footprint and Greenhouse Gas emissions

4. Air Pollution

5. Sustainable Materials

6. Water Conservation and Management

OTHERS* (n = 46)

1. Energy Efﬁciency

2. Sustainable materials

3. Waste Management and Inventory Planning

4. Water Conservation and Management

5. Green Building and Infrastructure

6. Renewable Energy

1. Customer Relations

2. Customer Experience & Satisfaction

3. Health & Safety

4. Equal Opportunities

5. Human Rights

6. Gender Balance and Diversity

7. Equitable Access

1. Health & Safety

2. Workforce Wellbeing

3. Customer Relations

4. Training and Development

5. Work-life Balance

6. Community Initiatives and Engagement

7. Workforce Wellbeing

Survey Methodology Observations & Recommendations

• At least 3 stakeholder groups were consolidated as “others” in order to provide more meaningful interpretation to their responses. Encouraging stronger participation and responses from stakeholders will help to ensure better response rates.

• Some responses were all “1” or “5” indicating that there is perhaps a lack of maturity in understanding the impact of the topics to the stakeholder. With time, maturity will naturally develop, however, ADNEC Group play a role in creating awareness about these (and other) ESG topics, and can also invite a more targeted audience to participate in the survey in the future.

* This includes those that identiﬁed as “suppliers”, “operating partners” and “others”.

(2) ESG Topic Impact

The impact to the business was assessed based on an understanding of ADNEC Group’s overarching strategy and operational activities, supported by discussions with key internal stakeholders. The resulting analysis reﬂects the perspective of ADNEC Group as the parent company overseeing its various business clusters.

Assessment Approach

Each topic was scored on a scale from 1 to 5 (with 1 being very low and 5 being very high) across three distinct categories These scores were then weighted and aggregated to produce a total score reﬂecting performance across all categories This total was subsequently combined with stakeholder relevance ratings to generate a graphical plot, enabling the identiﬁcation of the most material ESG topics

(2) ADNEC Group: Material ESG Topics

The ESG topics are plotted on a matrix, with the top-right quadrant—where scores in both categories exceed 3.5— highlighting the topics that are most material to ADNEC Group

Business Impact Rating

Environment Governance Social

The resulting material ESG topics for the ADNEC Group are:

Carbon Footprint and Greenhouse Gas emissions

Energy Efﬁciency

Waste Management and Circular Economy

Sustainable Materials

Renewable Energy

Water Conservation and Management

Workforce Well-Being

Work-Life Balance

Gender Balance and Equal Opportunity

Nationalisation

Customer Experience & Satisfaction

Community Initiatives and Engagement

Health & Safety

Ethical Sourcing and Supply Chain Oversight

Data Security and Integrity

Business Ethics and Values

Corporate Governance

Business Continuity and Resilience

Transparency and ESG Disclosures Operational

and

ADNEC Group: Top ESG Risks

Selected due to their link with the KPIs of our ESG Index

- Absolute Carbon Emissions (tCO₂e)

- Carbon Intensity per Employee

- Carbon Intensity per Event

- Carbon Intensity per Visitor

- NOx/SOx Emissions

Carbon Footprint and Greenhouse Gas Emissions

Environment

- Water Consumption (m³)

- Water Intensity per event

- Electricity Consumption (kWh)

- Electricity Intensity (kWh/m²)

- Total Waste (kg)

- Recycled Waste (kg)

- Diversion Rate (%)

- Hazardous Waste (kg)

- Number of Major Spills

Potential loss of business opportunities due to increased stakeholder and regulatory demand for net-zero carbon operations. Financial and reputational impacts.

Medium

Increased regulatory scrutiny leading to potential fines or restrictions on operations if emission standards are exceeded. Medium

Water Conservation and Management Risk of water scarcity impacting operations and regulatory penalties for exceeding consumption limits. Increased operational costs.

Energy Efficiency

Waste Management and Circular Economy

Inefficient energy use increases operational costs and contradicts ESG commitments, impacting reputation and regulatory compliance.

Medium

Implementation of a robust Net Zero Transition Plan, energy efficiency improvements, renewable energy projects, and active supply chain engagement.

Ineffective waste management leading to increased operational costs, regulatory fines, environmental pollution incidents, and reputational damage.

Medium

emissions monitoring, compliance checks, and implementation of pollution-control technologies.

Regular water audits, installation of water-efficient fixtures, recycling and reuse initiatives, and employee awareness programmes.

Energy efficiency upgrades, LED lighting, HVAC optimization aligned with ASHRAE standards, solar PV installations, energy monitoring systems, and audits.

- Number of Environmental Violations Compliance and Environmental Management

Environmental violations causing financial penalties, operational disruptions, and reputational harm.

Medium

Enhanced waste management strategy, WasteMaster technology implementation, increased recycling programmes, hazardous waste protocols, and employee training.

Regular environmental audits, enhanced compliance training, proactive management reviews, and robust monitoring and reporting procedures.

ADNEC Group: Top ESG Risks

Selected due to their link with the KPIs of our ESG Index

- Employee WellBeing and Work-Life Balance Workforce Well-Being

- Gender Balance and Equal Opportunity, Nationalisation

Gender Balance and Equal Opportunity

- Customer Satisfaction Score

- Community Engagement Activities

Customer Experience & Satisfaction

Community Initiatives and Engagement

- Health & Safety Incidents Health & Safety

- Ethical Sourcing Compliance Rate

- Data Breaches Incidents

- Number of Ethics Violations Reported

Ethical Sourcing and Supply Chain Oversight

Data Security and Integrity

Business Ethics and Values

Governance

- Governance and Compliance Audits

- Business Continuity Plan Activation