HOUSING DEVELOPMENT CORPORATION Investors Presentation
HDC is at the start of its ESG journey and puts strong emphasis
on establishing policies to meet international standards
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HOUSING
DEVELOPMENT
CORPORATION
Compliance with environmental policies
■While there are no specific environmental regulations that apply to HDC,
the company adheres to the guidelines provided by the Environmental
Protection Agency (EPA)
■In 2017, HDC collaborated with BREEAM in UK, the world's leading
sustainability assessment method for master planning projects,
infrastructure and buildings. HDC is currently in the process of
integrating the BREEAM standards and green components in planning and
developmental guidelines
Rain-Water
Harvesting
Systems
Smart Waste
Management
Solutions
Environmental risks and climate resilience
■ HDC takes environmental and climate considerations seriously, and sees
threats such as global warming, pollution and depletion of resources to be
of paramount importance to the sustainability of the region
■To deal with these issues, the government is implementing projects
which include solar energy as well as waste management projects in
collaboration with World Bank. A rain-water harvesting project is in the
pipeline, as it is being assessed by World Bank on how it can be
implemented. A study on potential public transport models for Maldives is
also underway, which would aid the government in pushing for public
transportation to reduce vehicle pollution
■ Hulhumalé was specially reclaimed to be at least 2 metres above sea
level(1) so that it would be less vulnerable to the increase in sea level.
Hulhumalé has the highest above mean sea level in all of Maldives, as
most islands are only 1-1.2 metres above sea level
Establish Data
Collection
Mechanism
Environmental
Risk Mitigations
Achieve Maximum
Energy Efficiency
Source: Company information.
(1)
After the tsunami that struck Maldives in 2004, 2 metres above sea level is regarded as the safe standard.
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