Majid Al Futtaim Holding LLC
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 35 is higher than 57% 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 557,947,000 kg CO2e for Scope 1 and 2 combined. This figure reflects their ongoing commitment to reducing their carbon footprint. In 2022, the company recorded Scope 1 emissions of about 756,398,000 kg CO2e and Scope 3 emissions of approximately 53,929,000 kg CO2e. Majid Al Futtaim has set ambitious long-term targets to reduce its carbon emissions. By 2035, the company aims to achieve an 87.8% reduction in Scope 1 and 2 emissions per square metre of property, using a 2019 baseline. Additionally, they have established near-term goals for Scope 3 emissions, targeting a 40% reduction in embodied carbon by 2030, aligned with the World Green Building Council's targets. The company is also a signatory of the Climate Pledge, reinforcing its commitment to sustainability and climate action. This pledge, along with their reduction initiatives, positions Majid Al Futtaim as a proactive player in the fight against climate change.
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| 2022 | 2024 | |
|---|---|---|
| Scope 1 | 756,398,000 | - |
| Scope 2 | - | - |
| Scope 3 | 53,929,000 | - |
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 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.
