Red Sea Global releases fourth Annual Sustainability report
The report details how the group is monitoring and reporting against targets across environmental sustainability, social empowerment and governance, revealing strong progress across all categories
Red Sea Global (RSG) has announced the release of its fourth Annual Sustainability Report, publicly disclosing RSG and its subsidiaries’ key progress toward ESG goals. The report is said to demonstrate that RSG is on track to meet its objective of delivering a net conservation benefit of 30% by 2040.
RSG’s 2023 Annual Sustainability Report, which discloses the organisation’s sustainability performance from January 1 – December 31, 2023, details how the group is monitoring and reporting against targets across environmental sustainability, social empowerment and governance, revealing strong progress across all categories.
“Our latest Annual Sustainability Report demonstrates that when we say we are committed to setting new standards in responsible development, we truly mean it. We are well on track to deliver a net conservation benefit of 30% by 2040 to the areas surrounding our destinations,” said John Pagano, Group CEO of Red Sea Global.
He added, “The work of our team across renewable energy, land and marine conservation and regeneration, social development and clean mobility is proof tourism development can be done another way. My hope is that the rest of the industry draws inspiration from our achievements and embeds regenerative principles into their own work.”
Last year, The Red Sea welcomed its first guests, with three of its hotels now open. Red Sea International Airport has been receiving a regular schedule of domestic flights since September 2023 and international flights began in April 2024, with a twice-weekly route between The Red Sea and Dubai International, said the statement from RSG.
A second destination, Thuwal Private Retreat, located further south will open in the coming weeks. AMAALA remains on track to welcome first guests in 2025, when the first eight resorts are handed over as part of Triple Bay Phase One, along with Corallium and the Yacht Club.
