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.
-5 vs industry average
Majid Al Futtaim’s score of 30 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Retail Trade Services has below-average carbon intensity
Industry performance
The Retail Trade Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Majid Al Futtaim's reported carbon emissions
In 2023, Majid Al Futtaim reported total carbon emissions of approximately 1,119,831,000 kg CO2e, comprising 637,231,000 kg CO2e from Scope 1 and 2 emissions and 48,260,000 kg CO2e from Scope 3 emissions. This reflects a decrease in Scope 3 emissions from 53,929,000 kg CO2e in 2022 and 57,857,000 kg CO2e in 2021, indicating a commitment to reducing their overall carbon footprint. The company has set ambitious long-term reduction targets, aiming for an 87.8% reduction in Scope 1 emissions per square metre by 2035, starting from 2019 levels. Additionally, they target a 40% reduction in Scope 2 emissions by 2035, also based on 2019 figures. Furthermore, Majid Al Futtaim is committed to achieving net zero carbon emissions across all scopes by 2050, aligning with their net positive carbon commitment initiated in 2023. Majid Al Futtaim's emissions data is not cascaded from any parent organization, ensuring that their reported figures reflect their direct operations. The company continues to focus on sustainability initiatives, demonstrating a proactive approach to climate commitments in the retail and property sectors.
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Majid Al Futtaim’s Climate Goals (2030 & 2050)
3 goals2050
This approach will enable us to meet our net positive carbo…
This approach will enable us to meet our net positive carbon commitment, as described below, and to also reach our new 2050 net zero carbon…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Majid Al Futtaim
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