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DUBAI ELECTRICITY AND WATER AUTHOR

DEWA

Utilities

1

exclusion reason

1 theme

Environmental Harm (1)
DEWA Utilities Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Emissions & Air Quality
Since Mar 12, 2026

Dubai Electricity and Water Authority (DEWA) is the exclusive electricity and water utility for the Emirate of Dubai, operating a generation fleet that is heavily reliant on fossil fuels. While the company reports efficiency improvements and a 19% reduction in per capita carbon emissions between 2006 and 2023, its operational carbon intensity remains exceptionally high relative to global utility sector peers. Electricity production in the UAE has historically accounted for approximately 35% of the nation's total greenhouse gas emissions, with water and electricity supply being strongly interlinked and energy-intensive.

DEWA’s reported progress stems largely from improving the efficiency of its existing natural gas-fired plants. The company has received a Net Zero Emissions Compliance Report, but its pathway to decarbonization is challenged by its foundational dependence on fossil gas and the region's high desalination energy demands. Leadership treats emissions governance as a reported priority, yet the company’s absolute emissions footprint and carbon intensity are defining characteristics of its service, placing it far outside the performance parameters of utilities in regions with legislated or market-driven transitions to renewable generation.

Research Sources 1 organization
Climate Transition Pathway
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

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