Geneva, 2 July 2020: Founded in 1995, Majid Al Futtaim is the leading pioneer of shopping malls, communities, retail and leisure spaces across the Middle East, Africa and Asia. It is one of the United Arab Emirates’ (UAE) most respected and successful businesses, covering 16 international markets and employing more than 44,000 people. The company is headquartered in Dubai, UAE.
Connecting with WBCSD’s network of forward-thinking businesses across a variety of sectors will help Majid Al Futtaim to make an even wider impact on global corporate sustainability.
Ibrahim Al-Zu’bi, Chief Sustainability Officer at Majid Al Futtaim Holding, said: “At Majid Al Futtaim, sustainability is at the heart of everything we do. We continually strive to become one of the most environmentally considerate companies in the world. Our long-term target is to produce more energy and water than we consume, reaching a Net Positive business model by 2040. We would be the first in the region to achieve this goal.
“In times when sustainability challenges are at the forefront, we believe businesses must respond to these issues and to stakeholders. Supporting WBCSD’s innovative work on sustainable cities, low-carbon energy, circular economy and the transformation of the food systems will help us develop sustainability solutions at an even faster pace.”
WBCSD President and CEO Peter Bakker said: “WBCSD is pleased to welcome Majid Al Futtaim as our newest member. Majid Al Futtaim is engaged in a wide spectrum of activities that have a real impact on people’s lives and their impact on the environment – from what people shop, to how they live and how they spend their free time. Majid Al Futtaim’s actions will strengthen sustainability in the Gulf region, and we are looking forward to accelerating the transition to a sustainable future together.”