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Public Profile
Financial Intermediation
AE
updated 9 days ago

Majid Al Futtaim Holding LLC

Company website

Majid Al Futtaim Holding LLC, a leading retail and leisure conglomerate headquartered in the United Arab Emirates (AE), has been a pivotal player in the region since its establishment in 1992. With a strong presence across the Middle East, Africa, and Asia, the company operates in various sectors, including shopping malls, retail, and leisure entertainment. Renowned for its innovative approach, Majid Al Futtaim is the exclusive franchisee of Carrefour in the region, offering a unique blend of hypermarket and supermarket experiences. The company has achieved significant milestones, such as the development of iconic shopping destinations like Mall of the Emirates, which features the world’s first indoor ski resort. With a commitment to sustainability and customer satisfaction, Majid Al Futtaim continues to solidify its market position as a leader in the retail and leisure industry.

DitchCarbon Score

How does Majid Al Futtaim Holding LLC'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.

35

Industry Average

Mean score of companies in the Financial Intermediation 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.

27

Industry Benchmark

Majid Al Futtaim Holding LLC's score of 35 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.

60%

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Majid Al Futtaim Holding LLC's reported carbon emissions

In 2022, Majid Al Futtaim Holding LLC reported total carbon emissions of approximately 756,398,000 kg CO2e from Scope 1 sources and about 53,929,000 kg CO2e from Scope 3 sources. The company has not disclosed Scope 2 emissions data. Majid Al Futtaim has set ambitious long-term reduction targets, aiming for an 87.8% reduction in Scope 1 and 2 emissions per square metre of properties by 2035, using a 2019 baseline. Additionally, the company has committed to reducing embodied carbon by 20% by 2020 and 40% by 2030, aligning with the World Green Building Council's targets. The organisation is a signatory of the Climate Pledge, reinforcing its commitment to sustainability and climate action. Emissions data and reduction initiatives are cascaded from Majid Al Futtaim Holding LLC, reflecting its corporate family relationship.

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2022
Scope 1
756,398,000
Scope 2
-
Scope 3
53,929,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Majid Al Futtaim Holding LLC's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Majid Al Futtaim Holding LLC is in AE, which has a medium grid carbon intensity relative to other regions.

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 Holding LLC is participating in some of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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