Dubai Investments, a leading, diversified investments conglomerate listed on the Dubai Financial Market, revealed that its Green Race initiative has helped in saving 20,000 kWh electricity and over 93,000 imperial gallons of water in a period of one year.

The Green Race, organised between April 2015 and March 2016, involved company employees who were encouraged to conserve water and electricity through installation of energy-saving devices at their residences. The energy consumption across all the households were monitored on a monthly basis, said a statement from the company.

During the period under review, there was an 8 per cent drop in collective electricity consumption in the 20 households, leading to an overall reduction of 10 metric tonnes of carbon emission, it added.

The collective water consumption also reduced by 8 per cent during the period. The winners of Dubai Investments Green Race were announced on World Environment Day, marked globally on June 5, it said.

The Green Race was part of Dubai Investments’ ongoing commitment to reduce the overall carbon footprint and safeguarding the environment for the present and future generations, not just for a day but every day of the year, added the statement.

The UAE’s gross domestic electricity consumption has more than doubled in the past 10 years and is expected to grow rapidly over the next five years in view of the surging population. A total of 80 per cent of electricity in the UAE is consumed by buildings. Investing in energy-efficient technologies in existing buildings can reduce a unit’s energy bills by 20-30 per cent, statistics reveal.

To mark the World Environment Day, Dubai Investments also hosted activities for employees to promote ecological awareness. These included an activity to create art out of waste with recycled materials; as also creating sculptures and installations with recycled goods, making upcycled art collage and mosaic with ceramic and glass, it added. – TradeArabia News Service