Majid Al Futtaim
Majid Al Futtaim, a leading retail and leisure pioneer, is headquartered in the United Arab Emirates (AE) and operates extensively across the Middle East, Africa, and Asia. Founded in 1992, the company has established itself as a key player in the shopping mall, retail, and leisure industries, with notable milestones including the launch of the first Carrefour hypermarket in the region. The company is renowned for its diverse portfolio, which includes shopping malls, hotels, and entertainment venues, alongside its flagship Carrefour brand. Majid Al Futtaim's commitment to innovation and customer experience sets it apart in a competitive market, making it a preferred choice for consumers. With a strong market position, the company has received numerous accolades, solidifying its reputation as a trusted leader in the retail sector.
DitchCarbon Score
How does Majid Al Futtaim'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 Retail Trade Services 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's score of 41 is higher than 90% 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's reported carbon emissions
In 2023, Majid Al Futtaim reported total carbon emissions of approximately 2,613,472,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 25,020,000 kg CO2e, while Scope 2 emissions totalled approximately 147,966,000 kg CO2e. The most substantial impact came from Scope 3 emissions, which reached around 2,613,472,000 kg CO2e, primarily driven by purchased goods and services at about 6,321,180,000 kg CO2e. Majid Al Futtaim has set ambitious long-term reduction targets. For its Properties business, the company aims for an 87.8% reduction in Scope 1 emissions per square metre by 2035, starting from 2019 levels. Additionally, the Lifestyle business targets a 40% reduction in Scope 2 emissions by 2035, also based on 2019 figures. Furthermore, the company is committed to achieving net zero carbon emissions across all scopes by 2050, aligning with its net positive carbon commitment initiated in 2023. These initiatives reflect Majid Al Futtaim's dedication to sustainability and climate action, positioning the company as a leader in reducing its carbon footprint within the retail and property sectors in the UAE and globally.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 18,230,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 366,949,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 295,661,000 | 0,000,000,000 | 000,000,000 | 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 is not participating in any 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.
