DEWA Leads UAE in Sustainability Perceptions and Brand Value Growth
Brand Finance, the premier international brand valuation consultancy, has recognized Dubai Electricity and Water Authority (DEWA) for its exceptional commitment to environmental sustainability, making it the leading UAE brand in this regard. The report highlights DEWA's status as the most valuable utility brand in the UAE and second in the region, with a 3% increase in brand value to USD 1.1 billion. DEWA’s steadfast adherence to environmental, social, and governance (ESG) principles has secured its top position in environmental sustainability perceptions within the UAE.
"We are honored to be recognized as the leading entity in environmental sustainability perceptions in the UAE," said H.E. Saeed Mohammed Al Tayer, MD & CEO of DEWA. "Guided by the vision and directives of our wise leadership, sustainability is the cornerstone of all our social, economic, and environmental development plans. This significant achievement reflects public acknowledgement of our unwavering commitment to sustainable practices and our crucial role in driving Dubai’s vision for a greener future. At DEWA, we integrate sustainability into all aspects of our operations, contributing positively to the economy, environment, and society."
David Haigh, Chairman and CEO of Brand Finance, commented, "DEWA operates in a challenging environment – providing essential utilities in a water-scarce, resource-hungry region to a rapidly growing population with high expectations. Ensuring the sustainability of its operations and managing its reputation in this context is a significant challenge, but one that DEWA is clearly managing adeptly."
The Brand Finance report also highlights DEWA’s comprehensive initiatives aimed at enhancing sustainability across its operations. Key projects include the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, with a planned production capacity of over 5,000MW by 2030. DEWA’s portfolio of innovative projects, such as the Green Hydrogen Project, the EV Green Charger initiative, and the Smart Grid, underscores its commitment to leveraging advanced technologies to improve energy and water efficiency and drive the energy transition in the UAE.
