- Reductions demonstrate company’s progress towards becoming Net Positive by 2040
- PV panels installed at Mall of the Emirates set to produce 3 GWh of clean energy annually
Dubai: 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 positive 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.
“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.” Al Zu’bi added.
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.
Rethinking Resources: Majid Al Futtaim 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. Majid Al Futtaim 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. 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.
Transforming Lives: The company’s plans for Transforming Lives are ambitious and
multifaceted, with several initiatives launched across all businesses in order to transform the lives of the communities the Group serves. A key highlight under this pillar is Majid Al Futtaim’s work to raise the UAE’s profile in snow sports and create opportunities for Emirati athletes. In 2018, Ski Dubai launched the first ever UAE snow sport team and was instrumental in the UAE’s application to the International Ski Federation (FIS). Ski Dubai also hosted the UAE’s inaugural Para Snow Sports events, featuring elite athlete participation from more than 26 countries.
Empowering our People: Majid Al Futtaim has placed a strong focus on employee training with 911,000 hours of training delivered to ensure people have the required skills and expertise to navigate the company’s journey towards international sustainability leadership.
This year, Majid Al Futtaim is integrating newer, more efficient practices, across all businesses. These include the installation of LED lights, sensor taps and management systems in its buildings, whilst ensuring that new buildings and fit outs meet the increasingly ambitious sustainability standards. The company is also creating an Innovation Centre of Excellence to crowdsource innovative solutions. Furthermore, it has committed to establishing an Enterprise Hub, which will support the development of skills and entrepreneurship in line with local needs. This will help boost the economy and increase community resilience to the economic changes facing society today.
The Group will also continue to focus on training, with an eLearning module to be created for the entire business in 2019, and sustainability content to be embedded within its Top Talent programme and the GROW, EMERGE and ENGAGE training programmes for team leaders, professionals, and graduates, respectively.
You can access the full report here.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 25 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and four community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in 37 markets across the Middle East, Africa and Asia, and operates a portfolio of more than 270 outlets in 15 countries.
Majid Al Futtaim operates more than 400 VOX Cinemas screens and 36 Magic Planet family entertainment centres across the region. In addition to iconic leisure and entertainment facilities such as Ski Dubai, Orbi Dubai and Ski Egypt, among others. The Company is parent to the consumer finance company 'Najm', and a Fashion and Home retail business representing international brands such as Abercrombie & Fitch, AllSaints, lululemon athletica, Crate & Barrel and Maisons du Monde. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also owns the rights to The LEGO Store and American Girl in the Middle East and operates in the food and beverage industry through a partnership with Gourmet Gulf.
© Press Release 2019