GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate Retail

 
  Share

• Majid Al Futtaim is the first company from the Middle East to commit to Net Positive
• Company aims to become Net Positive in water consumption and carbon emissions by 2040
• Majid Al Futtaim joins other leading global corporations in Net Positive movement

Dubai, 18 April 2017 – Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has today launched its Net Positive strategy in the presence of Dr. Thani Ahmad Al Zeyoudi, Minister of Climate Change and Environment. The strategy aims to significantly reduce the company's water consumption and carbon emissions to the extent that it puts more back into the environment than it takes out, resulting in a positive corporate footprint by 2040.

Dr. Thani Ahmad Al Zeyoudi, Minister of Climate Change and Environment commented: “Majid Al Futtaim's Net Positive commitment is a landmark step in helping to create a more sustainable future for our region. The strategy is in line with the UAE Green Agenda and the UAE National Climate Change Plan to address solutions to pressing current and future environmental challenges. Collaboration with the private sector is key to realising our sustainability goals and promoting a shared responsibility for our environment.”

As part of its Net Positive strategy, Majid Al Futtaim will measure current carbon and water impact and implement measures to reduce it through projects focused on decreasing carbon emissions and water consumption at all its assets across the region. These projects will range from small scale energy efficiency measures and on-site renewable energy installations to on-site rainwater harvesting and grey water recycling. In the long term, Majid Al Futtaim will create positive impact by providing more accessible and better quality water to local communities where it has extracted water for business purposes.

Alain Bejjani, Chief Executive Officer at Majid Al Futtaim – Holding commented: “We see it as not only a moral imperative, but also a core responsibility to our stakeholders to set the standard for sustainable development in the region and to continually strive to become one of the most environmentally considerate companies in the world. We are delighted with the progress we have already made in this space but ultimately know our work will not be complete until we have reached a stage where we are giving more back to the environment than we take. It is for this reason why we have set ourselves the ambitious, while realistic target of becoming Net Positive in our carbon emissions and water consumption in less than 25 years. We are extremely proud to be the first company in the Middle East to commit to such a target and hope our action inspires others in the region follow suit.”

Ibrahim Al-Zu'bi, Head of Sustainability at Majid Al Futtaim – Holding said: “Our sustainability journey at Majid Al Futtaim started almost a decade ago and in that time, we have made incredible progress. Becoming Net Positive is the next ambitious goal that we have set and we are fully committed to achieving it by 2040. In doing so, we will help provide a framework to ensure the private sector becomes a force for good, further protecting our shared resources in a region that faces challenges around water scarcity and energy consumption. As always we are grateful for the continued support of the UAE government in helping us achieve our sustainability goals.”

The Net Positive movement was developed through the work of the Net Positive Group, a collaboration formed by Forum for the Future, The Climate Group and World Wildlife Fund (WWF). The group started a movement to encourage businesses to transform their sustainability ambitions from doing less harm to becoming Net Positive, and is led by multi-nationals such as Kingfisher, BT, Coca-Cola and Lego.


Posted by : GoDubai Editorial Team
Viewed 6832 times
Posted on : Wednesday, April 19, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Al Maryah Island to Showcase its Hospitality, Dining and Celebrations Offering at Arabian Travel Mar...
Next Story : Commenting on the February 2017 MENA Hotel Benchmark Survey Report, Yousef Wahbah, MENA Head of Tran...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
SOUQ.com hosts two-day Samsung carnival with incredible offers on Mobiles, Weara...
100 New Ways to Transform Your Home With the New Ikea Catalogue
Perfect Fragrances to Celebrate Eid
A Post-Summer Pigmentation Saviour from MZ SKIN
LG V30 to Elevate Smartphone Camera to New Heights
Next Major Smartphone From LG to Feature First-Ever OLED FullVision Display
COÉGA Sunwear Launches Contemporary Autumn/Winter '17 Conservative Swimwear
Michael Kors Debuts New Bancroft Handbag Collection
International SOS and Control Risks Advise Pilgrims Worldwide Ahead of Hajj 2017
Introducing the Fall 2017 GUESS Accessories Collection Advertising Campaign
Eid Al Adha with Paule Ka Fall-Winter '17
The Ritual of Karma
Six Down, Two to Go - ADSB Keeps Up Pace in Delivering Ships to Kuwait
Patrimony Collection Excellence Platine
Highly Anticipated Audemars Piguet Royal Oak Extra-thin Arrives in the Middle East
ICONIC announces ICONIC KIDS- Born Different
Global Jewellery Retail Chain Joyalukkas signs Award-Winning Bollywood Actress K...
Emily Ratajkowski wears Salvatore Ferragamo eyewear
UAE Team Emirates to Make Vuelta a España Debut
SOUQ.com – Your one stop shop for all back to school essentials with up to 60% off
Zenith Chronomaster El Primero Full Open
"WATHIQATI" Receives the highest number of documents since its launch ...
UAE is likely to see increased cashless transactions by 2020: Xpress Money's Str...
New UAE Space Agency Board of Directors Holds First Meeting
Education in the UAE continues to cost families almost AED 1 million per child n...
The Aston Martin Vanquish Zagatos: Speedster and Shooting Brake join Coupe and V...
Al-Futtaim Honda launches Consumer Happiness Counter initiative
Growing appetite for seafood drives demand at Middle East's largest dedicated se...
Abu Dhabi Ports seals strategic partnership with Healthpoint for wellness-coachi...
Dubai Land Department's ‘Ejari' smart application protects the right of all parties
Turkish Airlines' cross-continental flights are more comfortable now with the ba...
Kamal Vachani welcomes Rt Hon Keith Vaz MP, UK
Joyalukkas launches Diamond Earring Festival with the latest Happy Diamonds coll...
Win prizes worth over AED 2million with Al-Futtaim's retail brands
Jafza attracts 267 new companies during the first half of 2017
3rd Maritime Conference & Expo (MARACAD 2017) launches “Maritime Business Leader...
Get Ready to Go Back-to-School with Dubai Festival City
Dubai Science Park and Al Jalila Foundation sign MoU to support scientific resea...
Fiat Chrysler Automobiles to Join BMW Group, Intel and Mobileye in Developing Au...
“Gulf Navigation Holding” marked rapid profit growth in the first half of 2017 by 33%
Second phase of electronic medical record project goes live across several DHA h...
Schneider Electric and Claroty partner to address safety and cybersecurity chall...
Major Components Successfully Installed at Unit 4 of Barakah Nuclear Energy Plan...
Top Saudi Students Complete Huawei's ICT Program in China
First-of-its-Kind National Health Study to Enlist 20,000 Emiratis
Sharjah Health Education Department Announces “Health and Tourism 2017”
Sharjah calls on entrepreneurs to participate in flagship Sheraa Accelerator program
UAE Student's ‘Genes in Space' Experiment Launches to International Space Station
Selfie Superstar or Sports Fanatic? Head Back to School with the Latest Must-Hav...
UAE Welcomes the Finalists of the Most Popular INFINITI Engineering Academy Edit...