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City Centre Qurum

Majid Al Futtaim saves big from green practices

DUBAI, April 20, 2015

Utilities management practices of Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across Mena, saved the company more than Dh3.8 million ($1.03 million) in reduced operating costs in 2014.

More than 6,000 tonnes of waste, the equivalent to 2.5 Olympic swimming pools, was diverted from landfill during the year, while over 7,700 tonnes of CO2 emissions were saved, equivalent to planting 6,311 trees.

“Majid Al Futtaim is one of the retail sector’s global leaders in applying international best practice in sustainability. In the past 4 years, we have reduced energy consumption in our shopping malls by more than 11 per cent and water consumption by 21 per cent,” said Ibrahim Al-Zu’bi, head of Sustainability at Majid Al Futtaim Properties.

“As part of our fundamental goal to create great moments for everyone, every day across all of our retail destinations, we aim to build and manage more environmentally efficient buildings which deliver social and economic benefits to our communities and visitors.” he added.

In 2014, Mall of the Emirates has reduced its water consumption by 6 per cent compared to 2010; City Centre Mirdif has decreased water consumption by 24 per cent and City Centre Deira has decreased the electricity consumption by 6 per cent. City Centre Fujairah’s volume of recycled material increased by 24 per cent; Oman malls have reduced their water consumption by 10 per cent and City Centre Bahrain has reduced electricity consumption by 16 per cent.

Since 2010, Majid Al Futtaim has invested more than Dh25 million ($6.8 million) in improving water and energy consumption across all properties and has built three malls – City Centre Mirdif, City Centre Beirut, and City Centre Fujairah -- to LEED Gold standards.

Additionally, the company has been recognised as a ‘Green Star’ by the Global Real Estate Sustainability Benchmark (GRESB) who acknowledged the significant progress made to date as well as the ambitious plans for the future made by the organisation. GRESB measures energy reduction performance and sustainability policies.

Majid Al Futtaim’s sustainability strategy focuses on three main areas: high performance assets, prosperous communities and pioneering standards. With high performance assets, the aim is to create resource efficient assets, communities and infrastructures that will improve the management of water, energy, carbon and waste.

Majid Al Futtaim owns and operates 17 shopping malls, 11 hotels and three mixed-use communities in MENA, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls, and also four community malls which are in joint venture with the Government of Sharjah.

It holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, operating a portfolio of over 60 hypermarkets and over 70 supermarkets in 13 countries. – TradeArabia News Service




Tags: Majid Al Futtaim | Sustainability |

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