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Majid Al Futtaim Properties LLC
Majid Al Futtaim Properties LLC, a leading player in the real estate sector, is headquartered in the United Arab Emirates (AE) and operates extensively across the Middle East and North Africa. Founded in 1992, the company has established itself as a pioneer in the development and management of shopping malls, hotels, and mixed-use communities, significantly shaping the region's urban landscape. With a diverse portfolio that includes iconic destinations like Mall of the Emirates and City Centre malls, Majid Al Futtaim Properties is renowned for its innovative approach to retail and leisure experiences. The company’s commitment to sustainability and community engagement sets it apart in the competitive real estate market. Recognised for its excellence, Majid Al Futtaim Properties continues to achieve remarkable milestones, solidifying its position as a market leader in the property development industry.
DitchCarbon Score
How does Majid Al Futtaim Properties 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 Properties LLC's score of 36 is higher than 58% 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 Properties LLC, headquartered in the United Arab Emirates (AE), has set ambitious climate commitments aimed at significantly reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established science-based targets through the Science Based Targets initiative (SBTi). The company commits to reducing its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by approximately 87.8% per square metre by 2035, using 2019 as the baseline year. Additionally, it aims to cut Scope 3 emissions—covering purchased goods and services, fuel and energy-related activities, waste generated in operations, and more—by about 57.3% per square metre within the same timeframe. These targets are classified as consistent with the reductions necessary to limit global warming to well below 2°C, reflecting a strong commitment to sustainability in the real estate sector. The emissions reduction initiatives are cascaded from the parent company, Majid Al Futtaim Holding LLC, indicating a corporate family approach to climate action. Overall, Majid Al Futtaim Properties LLC is actively working towards substantial emissions reductions, aligning its operations with global climate goals.
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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 Properties 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.
