At Majid Al Futtaim, sustainability is at the heart of everything we do. We believe it’s our duty to Dare Today, Change Tomorrow. This is what drives the direction and decisions we make.
We continually strive to become one of the most environmentally considerate companies in the world. Our long-term target is to produce more energy and water than we consume, reaching a Net Positive business model by 2040. It’s ambitious, but we are confident we will be the first in the region to get there.
Generated annually from 5 solar plants
In 2017 we got the chance to explore an exciting recycling opportunity at VOX cinemas that sees waste cooking oil being used to power vehicles. These large entertainment venues include commercial kitchens and restaurants, which use a high volume of cooking oil on a daily basis. This creates a real waste disposal issue because cooking oil can’t be reused indefinitely and it’s difficult to dispose of responsibly when it’s no longer fit for purpose.
We reached a significant landmark in 2016 with the launch of our Renewable Energy White Paper, which sets out plans for an investment in renewable energy of AED 152 million that will reduce our annual carbon footprint by 27,000 absolute tonnes of carbon and will deliver a return on investment in as little as nine years.
Majid Al Futtaim - Retail is proud to be a positive contributor to the local communities we serve. Supporting local industries is important to transforming people’s lives.
We all hope for a positive future. But when we look around us, and at the challenges facing the world, it’s hard to see how that’s possible without major changes.
At Majid Al Futtaimwe know that to secure a positive future in which everyone gets a chance at enjoying great moments everyday, we must achieve more than just incremental improvements. It is time to be more daring.