Dubai PR Network, Online Press Release from Dubai and Middle East
 
Mall, Retail & Hospitality(Real Estate & Retail)
Filter PR by
  
UAE Minister of Climate Change and Environment Endorses Launch of Majid Al Futtaim's Net Positive Strategy
 

•    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 : Dubai PR Network Editorial Team
Viewed 6777 times
PR Category : Real Estate & Retail
Posted on : Wednesday, April 19, 2017  9:44:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Al Maryah Island to Showcase its Hospitality, Dining and Cel...
Next Story : Commenting on the February 2017 MENA Hotel Benchmark Survey ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
SOUQ.com hosts two-day Samsung carnival with incredible offers on Mobiles, Wearables and A... [10620-Views]
Glamazle.com promises customers the perfect wings with its assortment of eyeliners and mas... [10394-Views]
Protect your hair this summer with SachaJuan's Over Night Hair Repair [10346-Views]
Perfect Fragrances to Celebrate Eid [9083-Views]
100 New Ways to Transform Your Home With the New Ikea Catalogue [8174-Views]
Next Major Smartphone From LG to Feature First-Ever OLED FullVision Display [7704-Views]
LG V30 to Elevate Smartphone Camera to New Heights [7314-Views]
Da Vinci With Moon Phase: Homage to an Icon [7168-Views]
Eberhard & Co. SCAFOGRAF 300 timepiece [7106-Views]
Michael Kors Access Expands With New Smartwatches, New Apps, New Faces and New Markets [6594-Views]
GCC's premium home appliance market to thrive with LG SIGNATURE [6472-Views]
RAYMOND WEIL: Distinctive Freelancer 1212 Automatic for the elegant man [6338-Views]
Michael Kors Debuts New Bancroft Handbag Collection [6326-Views]
COÉGA Sunwear Launches Contemporary Autumn/Winter '17 Conservative Swimwear [6277-Views]
Introducing the Fall 2017 GUESS Accessories Collection Advertising Campaign [6179-Views]
A Post-Summer Pigmentation Saviour from MZ SKIN [6045-Views]
SAINT HONORE: Opera resplendent with refreshing burst of freshness makes ideal Eid gift [5960-Views]
BOVET artisans introduce new dial materials Aventurine and Meteorite [5783-Views]
Six Down, Two to Go - ADSB Keeps Up Pace in Delivering Ships to Kuwait [5704-Views]
GROHE Blue Home – the private watersource for ultimate taste and enjoyment [5642-Views]
Eid Al Adha with Paule Ka Fall-Winter '17 [5460-Views]
Malabar Gold & Diamonds receives Gemfield's ‘Retail Jeweller India Award' [5338-Views]
Emily Ratajkowski wears Salvatore Ferragamo eyewear [5057-Views]
Global Jewellery Retail Chain Joyalukkas signs Award-Winning Bollywood Actress Kajol Devga... [5051-Views]
UAE is likely to see increased cashless transactions by 2020: Xpress Money's Strategy & Di... [4965-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories