Dubai Electricity and Water Authority (DEWA) conducted an analytical study to measure the "social return on investment" of the first phase of the Mohammed Bin Rashid Housing Project, which included the replacement of traditional lamps with LED lamps, Demand for energy.
The study, conducted by Social Value UK, revealed a social return on investment of AED 2.87 per AED spent on the project by the Dubai Electricity and Water Authority (DEWA). The Authority is one of the first institutions in the region to adopt a mechanism to measure the return on social investment and the first government institution in the region to issue a certified report to measure the environmental and social value of investments not reflected in conventional financial accounts.
"The results of this study measure the return on social investment," said Saeed Mohammed Al Tayer, Managing Director of the Authority. "The TRA is on the right track to achieve the leadership vision that forms the basis of our ambitious initiatives, programs and projects aimed at consolidating sustainability across its three economic and social dimensions. And environmental issues.
He pointed out that the "social return on investment" index helps to measure and analyze the impact of different projects by measuring their total environmental and social value compared to total investments. The social return was calculated by measuring the financial savings of homeowners due to the installation of energy saving lamps, Reduced carbon emissions and other factors.
He added that the Authority is working on achieving Dubai Clean Energy 2050, which aims to make Dubai the least carbon footprint city in the world, and the carbon reduction strategy, which aims to reduce carbon emissions by 16% by 2021 and the strategy of reducing the demand for energy and water Which aims to reduce consumption by 30 per cent by 2030, thereby contributing to the vision of the Commission as a leading global sustainable and innovative institution. We intend to use this mechanism to measure the return on social investment of the most important projects and initiatives of the Commission.