Majid Al Futtaim is a leading retail owner and developer in the United Arab Emirates (UAE) that has been at the forefront of the country's economic growth and development for over two decades. The company has a strong focus on sustainability and is committed to decarbonisation, corporate energy, corporate power purchase agreements (PPAs), and renewable energy.

Majid Al Futtaim was founded in 1992 by Emirati businessman Majid Al Futtaim, who saw an opportunity to develop shopping malls and other retail properties in the UAE. Today, the company operates in 15 countries across the Middle East, Africa, and Asia, with a portfolio of more than 30 shopping malls, 13 hotels, and numerous other retail and entertainment properties.

One of the key priorities for Majid Al Futtaim is decarbonisation, which involves reducing the company's carbon footprint and transitioning to a low-carbon economy. The company has set ambitious targets to reduce its greenhouse gas emissions by 50% by 2030, and to achieve net-zero emissions by 2050. To achieve these goals, Majid Al Futtaim is investing in a range of initiatives, including energy efficiency measures, renewable energy, and sustainable transportation.

Corporate energy is another area of focus for Majid Al Futtaim. The company is committed to reducing its energy consumption and increasing its use of renewable energy sources. To achieve this, Majid Al Futtaim is investing in energy-efficient technologies, such as LED lighting and smart building management systems, and is exploring new ways to generate renewable energy, such as solar panels and wind turbines.

Corporate power purchase agreements (PPAs) are an important tool for Majid Al Futtaim to achieve its renewable energy goals. PPAs allow companies to purchase renewable energy directly from a generator, rather than relying on the grid. This gives companies greater control over their energy supply and can help to reduce their carbon footprint. Majid Al Futtaim has already signed several PPAs with renewable energy providers in the UAE, and is exploring opportunities to expand its use of this approach.

Renewable energy is a key part of Majid Al Futtaim's sustainability strategy. The company is committed to increasing its use of renewable energy sources, such as solar and wind power, and has set a target to generate 50% of its energy from renewable sources by 2030. To achieve this, Majid Al Futtaim is investing in a range of renewable energy projects, including solar panels on its buildings and wind turbines in its properties.

Majid Al Futtaim's commitment to sustainability goes beyond its own operations. The company is also working to promote sustainability in the wider community, through initiatives such as recycling programs, sustainable transportation, and green building standards. Majid Al Futtaim is a member of the United Nations Global Compact, a voluntary initiative that encourages companies to adopt sustainable and socially responsible policies.

In conclusion, Majid Al Futtaim is a leading retail owner and developer in the UAE that is committed to sustainability and decarbonisation. The company is investing in a range of initiatives to reduce its carbon footprint, increase its use of renewable energy, and promote sustainability in the wider community. With its ambitious targets and innovative approach, Majid Al Futtaim is setting a new standard for sustainable business practices in the Middle East and beyond.