Majid Al Futtaim (MAF) has revealed that it is currently in discussions with major technology companies as it expands its sustainability plans for its assets.
The company unveiled an overreaching sustainability strategy in April that will be implemented across all of MAF’s existing and future projects, covering its development, hospitality, and retail businesses.
Speaking to Construction Week, Ibrahim Al-Zu’bi, chief sustainability officer at Majid Al Futtaim explained how the company is set to become one of the most sustainable in the region.
“We came up with a strategy that says we want to enhance people’s lives through sustainable real estate,” Al-Zu’bi said.
The journey, he explained, started more than seven years ago in the properties division, where the era of green building had just begun to pick up pace.
“It started at City Centre Mirdiff, where Majid Al Futtaim embedded sustainable practices to make it the first green mall in the country.”
In fact, the mall at the time became the first in the region to be LEED core and chill Gold certified. “The movement started from there, then MAF hired a full time head of sustainability and it began,” he said.
The strategy is an extensive one, and is set to be implemented in phases over the course of the next couple of years.
“Our net positive strategy is a long term initiative which is implemented in steps,” he said.
“One of the ways we are doing this is by measuring our impact by looking at energy and water efficiency – which we have already started across all our assets in the region.”
The senior official added that a minimum of 7.5% of energy consumed must come from renewables for all new assets being built.
The minimum consumption rate from renewables for existing assists stands at 5%, with all of MAF’s malls now meeting, or exceeding this target.