Majid Al Futtaim
Majid Al Futtaim, a leading retail and leisure pioneer, is headquartered in the United Arab Emirates (AE) and operates extensively across the Middle East, Africa, and Asia. Founded in 1992, the company has established itself as a key player in the shopping mall, retail, and leisure industries, with notable milestones including the launch of the first Carrefour hypermarket in the region. The company is renowned for its diverse portfolio, which includes shopping malls, hotels, and entertainment venues, alongside its flagship Carrefour brand. Majid Al Futtaim's commitment to innovation and customer experience sets it apart in a competitive market, making it a preferred choice for consumers. With a strong market position, the company has received numerous accolades, solidifying its reputation as a trusted leader in the retail sector.
DitchCarbon Score
How does Majid Al Futtaim's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Majid Al Futtaim's score of 37 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Majid Al Futtaim's reported carbon emissions
In 2023, Majid Al Futtaim reported total carbon emissions of approximately 2,613,472,000 kg CO2e, comprising 25,020,000 kg CO2e from Scope 1, 147,966,000 kg CO2e from Scope 2, and about 2,613,472,000 kg CO2e from Scope 3 emissions. This reflects a significant increase in Scope 3 emissions compared to previous years, indicating a growing impact from purchased goods and services. In 2022, the company recorded total emissions of about 1,067,425,000 kg CO2e, with 23,021,000 kg CO2e from Scope 1, 226,175,000 kg CO2e from Scope 2, and approximately 811,246,000 kg CO2e from Scope 3. The trend shows a need for enhanced strategies to manage and reduce emissions across all scopes. Majid Al Futtaim has committed to achieving net zero carbon emissions by 2050, as part of their long-term strategy. This commitment aligns with their net positive carbon initiative, which aims to offset more carbon than they emit. The company signed the Climate Pledge on 12 October 2023, reinforcing their dedication to sustainability and climate action. Overall, Majid Al Futtaim's emissions data highlights the importance of ongoing efforts to reduce their carbon footprint, particularly in Scope 3 emissions, while their long-term targets demonstrate a proactive approach to climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 845,237,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 326,062,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Majid Al Futtaim is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
