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Talaat Moustafa Group, established in 2007 and headquartered in Cairo, is a leading national urban developer in Egypt. The company's real estate activities include developing commercial and hospitality projects, as well as large-scale neighbourhoods. Recently, the group has enhanced its hospitality segment by renovating historic hotels into high-end hospitality projects, aiming to increase its portfolio to 15 properties with approximately 5,000 rooms.
Summary
Talaat Moustafa Group performs poorly in the 2024 Urban Benchmark, with clear potential to improve its reporting on a number of sustainability topics. Despite its substantial scale and potential influence in shaping sustainable urban environments, the company’s lack of transparency places it at a disadvantage compared to its peers. It makes the company vulnerable to environmental and social risks, diminished stakeholder trust and regulatory misalignment.
The company has a clear opportunity to improve its sustainability governance by conducting a materiality assessment to identify its significant sustainability risks and opportunities and publishing a sustainability strategy that integrates these into its overall business strategy. The company should also establish public policy commitments to respect human rights. Further, it should ensure that its highest governing body maintains robust oversight of its sustainability strategy. The company is also recommended to set measurable, time-bound and, where possible, science-based targets to mitigate its negative sustainability impacts.
On the topic of green spaces, Talaat Moustafa discloses that it allocates 4 million square metres of land to green spaces in Cairo. It can strengthen this practice by disclosing how it supports the quality of public spaces through green landscaping and maintenance services.
Ranking position
#225
/300
Total score
0.8
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
0.0
/100
Rank (0-300)
#181
Measurement area
Inclusive Cities
Score
# 1
0.0
/100
Rank (0-300)
#225
Measurement area
Healthy Cities
Score
# 1
4.2
/100
Rank (0-300)
#138
Measurement area
Climate Proof & Resilient Cities
Score
# 1
0.0
/100
Rank (0-300)
#170
Measurement area
Core Social Indicators
Score
# 1
0.0
/100
Rank (0-300)
#195
Industries
Industries
Real estate
#74
More about the company
Headquarters
Egypt
Ownership structure
Public
Revenue
USD 326 billion (2022)
Number of employees
-
Website
http://www.talaatmoustafa.com
63716
