Potential offtaker

Majid Al Futtaim Retail

Estimated electricity consumption

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Countries of production presence

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Majid Al Futtaim Retail is a leading retail company in the United Arab Emirates, with a focus on sustainability and decarbonisation. The company operates a range of retail brands, including Carrefour, VOX Cinemas, and Magic Planet, and has a presence across the Middle East, Africa, and Asia.

Majid Al Futtaim Retail is committed to reducing its carbon footprint and promoting sustainable practices across its operations. The company has set a target to reduce its carbon emissions by 30% by 2030, and is implementing a range of measures to achieve this goal.

One key area of focus for Majid Al Futtaim Retail is corporate energy management. The company is working to improve the energy efficiency of its buildings and operations, through measures such as energy-efficient lighting, HVAC systems, and building automation. In addition, the company is investing in renewable energy sources, such as solar and wind power, to reduce its reliance on fossil fuels.

Another important aspect of Majid Al Futtaim Retail's sustainability strategy is corporate power purchase agreements (PPAs). PPAs allow companies to purchase renewable energy directly from generators, often at a lower cost than traditional grid electricity. Majid Al Futtaim Retail has signed several PPAs with renewable energy providers in the Middle East and Africa, and is exploring opportunities to expand its use of this approach.

Majid Al Futtaim Retail is also committed to promoting renewable energy and sustainability more broadly, through initiatives such as its Green Star program. This program aims to educate and engage consumers on sustainable practices, and rewards customers who make environmentally-friendly choices in-store.

In addition to its sustainability efforts, Majid Al Futtaim Retail is also focused on innovation and digital transformation. The company has invested heavily in technology and data analytics, to improve its operations and customer experience. For example, it has implemented automated inventory management systems, and is using data analytics to better understand customer preferences and behavior.

Overall, Majid Al Futtaim Retail is a leading retail company in the United Arab Emirates, with a strong commitment to sustainability and decarbonisation. Through its focus on energy efficiency, renewable energy, and corporate PPAs, the company is working to reduce its carbon footprint and promote sustainable practices across its operations. With its innovative approach and commitment to sustainability, Majid Al Futtaim Retail is well-positioned to continue driving positive change in the retail industry in the years to come.