Majid Al Futtaim Holding LLC

Majid Al Futtaim Holding LLC's reported carbon emissions

Majid Al Futtaim Holding LLC, headquartered in the UAE and operating in real estate services, has reported its carbon emissions and established significant climate commitments. For the reporting year 2024, Majid Al Futtaim Holding LLC reported Scope 1 emissions of approximately 117,793,000 kg CO2e and Scope 2 market-based emissions of about 440,154,000 kg CO2e. Scope 1 and 2 combined emissions, on a market-based approach, were approximately 557,947,000 kg CO2e. Scope 3 emissions data for 2024 was not disclosed. In 2023, the company's Scope 1 emissions totalled approximately 141,607,000 kg CO2e, with Scope 2 market-based emissions at around 495,624,000 kg CO2e. Scope 3 emissions for 2023 were reported at approximately 1,132,855,000 kg CO2e. The combined Scope 1 and 2 market-based emissions for 2023 amounted to approximately 637,231,000 kg CO2e. Majid Al Futtaim Holding LLC has committed to Science Based Targets (SBTs). These include a long-term intensity target for Scope 1 and 2 emissions of an 87.8% reduction per square meter of property by 2035, using a 2019 baseline. This target is measured on a market-based approach. Furthermore, the company has set near-term targets for embodied carbon reductions, aiming for a 20% reduction by 2020 and a 40% reduction by 2030, aligning with WorldGBC embodied carbon targets. The company has also signed the Climate Pledge, signifying a commitment to net-zero carbon across its operations by 2040. Emissions data is cascaded from Majid Al Futtaim Holding LLC itself.