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Majid Al Futtaim 'making steady progress towards sustainability goals'

DUBAI, June 19, 2019

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has published its 2018 Sustainability Report, showcasing its progress towards the targets set out in its company-wide sustainable development strategy, ‘Dare Today, Change Tomorrow’.

The report highlights reduction in carbon footprint and water usage by 4% and 7% respectively, despite adding 44 new physical assets into the company’s operations.

While the company made steady progress towards the goals set in its strategy in 2018, it also committed to addressing 10 of the 17 UN Sustainable Development Goals and joined the United Nations Environment Programme to collaborate on resource efficiency and sustainable developments.

Ibrahim Al Zu’bi, the chief sustainability officer, said: "At Majid Al Futtaim we have been ahead of the curve in the region, integrating sustainability into our business thinking since 2012. Our 2018 report highlights the significant progress we have made on our sustainability journey to reduce our environmental impact, support the local communities we operate in and deliver more sustainable experiences for our customers."

“The reductions we have achieved in carbon output and water usage in particular underline how serious we are about sustainability and demonstrate important headway being made towards our 2040 Net Positive goal and changing our own world,” stated Al Zu’bi.

Majid Al Futtaim’s 2018 Sustainability Report provides a complete overview of the company’s sustainability achievements and progress against its long-term targets across three core priorities: Rethinking Resources, Transforming Lives and Empowering our People.

The Dubai retail pioneer has increased its efforts in water, energy and waste management across all businesses, in line with its commitment to rethinking its use of resources to make a positive impact.
It also reduced both its operational carbon emissions and water usage by 4% and 7% respectively, despite the addition of 44 new sites to the company’s operations.

Majid Al Futtaim - Retail successfully managed to reduce both its water use and carbon emissions over the past year by 10% and 7% respectively and Majid Al Futtaim Properties also managed to reduce its water consumption by 8%, despite opening two new shopping malls, stated the report.

The Group also announced the installation of 7,291 solar photovoltaic (PV) panels at Mall of the Emirates, set to produce 3 GWh of clean energy annually. These results show significant progress towards achieving the Group’s 2040 Net Positive goal, it added.-TradeArabia News Service




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