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 48 is higher than 69% 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 (market-based) from Scope 1 and Scope 2 sources. This includes 117,793,000 kg CO2e from Scope 1 and 440,154,000 kg CO2e from Scope 2. In 2023, the company recorded total emissions of about 637,231,000 kg CO2e (market-based), with Scope 1 emissions at 141,607,000 kg CO2e and Scope 2 emissions at 495,624,000 kg CO2e. Notably, in 2023, Scope 3 emissions were significant, amounting to 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 Scope 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 is cascaded from Majid Al Futtaim Holding LLC, reflecting its corporate family relationship.
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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 | - |
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.
