UAE real estate giant Majid Al Futtaim – which operates 25 shopping malls, four communities, 13 hotels, 270 grocery outlets, and 400 Vox-branded cinemas – announced that it reduced the carbon footprint and water usage of its assets respectively by 4% and 7% in 2018, even as it added 44 physical facilities to its portfolio during the year.
The achievement came after the developer boosted its water, energy, and waste management strategies for group assets, with plans in place to form Innovation Centre of Excellence to crowdsource innovative ideas, and Enterprise Hub to support the development of entrepreneurship skills.
Separately, Majid Al Futtaim’s Mall of Oman project saw five million lost-time injury-free (LTI) man-hours in 2018.
In 2018, 11 of Majid Al Futtaim Properties’ 22 annual sustainability targets were achieved. Of the remaining 11, eight were partially achieved as well.
Majid Al Futtaim Retail reduced its water use and carbon emissions by 10% and 7% during the year, and Majid Al Futtaim Properties cut water use by 8% despite the launch of two new malls.
Additionally, during the year, Dubai’s Majid Al Futtaim-owned Mall of the Emirates (MOE) – home of the Ski Dubai snow park – was fitted out with 7,291 solar photovoltaic panels to produce 3 gigawatts-per-hour of clean energy each year.
In 2018, Majid Al Futtaim conducted 911,000 hours of training across its operating companies, recorded a 3% reduction in its hotels’ energy consumption over 2017, and increased recycling at its malls by 32% over the last five years.
Sustainability plans for 2019 at Majid Al Futtaim include the installation of LED lights, sensor taps, and advanced management systems at all its buildings, and fitting out its structures with “ambitious” sustainable targets in mind.
In its 2018 Sustainability Report, Majid Al Futtaim’s chief executive officer, Alain Bejjani, says the company “has been ahead of the curve, integrating sustainability into our business thinking since 2012”.
Bejjani adds: “But this does not mean that we can rest. We need to continue to strive ahead, demonstrating to others that sustainability makes business sense, sharing lessons learnt and working collaboratively with other global leaders and our stakeholders.”
Chief sustainability officer at Majid Al Futtaim Holding, Ibrahim Al-Zu’bi, said the firm’s 2018 Sustainability Report’s findings highlighted the “significant progress” it had made towards greening its facilities.
He added: “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.”