Majid Al Futtaim Holding LLC Sustainability Profile
Majid Al Futtaim Holding LLC, a leading conglomerate based in the United Arab Emirates (AE), has established itself as a key player in the retail and leisure industries since its inception in 1992. Headquartered in Dubai, the company operates extensively across the Middle East, Africa, and Asia, delivering innovative solutions in shopping malls, retail, and leisure experiences. Renowned for its flagship Carrefour hypermarkets, Majid Al Futtaim also excels in real estate development, owning and managing iconic shopping destinations such as Mall of the Emirates. The company has achieved significant milestones, including the expansion of its operations into multiple countries and the introduction of sustainable practices across its portfolio. With a commitment to customer satisfaction and community engagement, Majid Al Futtaim continues to solidify its market position as a pioneer in the region's retail landscape.
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.
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.
Industry Benchmark
Majid Al Futtaim Holding LLC's score of 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Majid Al Futtaim Holding LLC's reported carbon emissions
In 2024, Majid Al Futtaim Holding LLC reported total carbon emissions of approximately 117,793,000 kg CO2e for Scope 1 and about 440,154,000 kg CO2e for Scope 2 (market-based). The combined total for Scope 1 and 2 emissions reached about 557,947,000 kg CO2e. In 2023, the company recorded Scope 1 emissions of approximately 141,607,000 kg CO2e, Scope 2 emissions of about 495,624,000 kg CO2e (market-based), and significant Scope 3 emissions totalling approximately 1,132,855,000 kg CO2e. Majid Al Futtaim has set ambitious 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 current subsidiary of Majid Al Futtaim Holding LLC and has signed the Climate Pledge as of October 12, 2023, demonstrating its commitment to climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | 000,000,000 | 000,000,000 |
| Scope 3 | 54,205,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | - |
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Majid Al Futtaim Holding LLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Majid Al Futtaim Holding LLC has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Majid Al Futtaim Holding LLC's sustainability data and climate commitments