The UAE Ministry of Climate Change and Environment, MoCCAE, and Majid Al Futtaim signed a Memorandum of Understanding to address the causes and impacts of climate change, transition into a climate resilient green economy, and achieve a better quality of life.
The MoU between MoCCAE and Majid Al Futtaim was signed by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Alain Bejjani, chief executive officer of Majid Al Futtaim at the World Government Summit, WAM reported.
The agreement will encourage collaboration over seven areas: applying international best practices in sustainability across the group’s portfolio; partnering in innovative and technological initiatives to protect the environment and mitigate climate change; and supporting the bridging of national and global partnerships for innovative climate-smart industry development.
Dr. Al Zeyoudi said: “We are pleased to join with Majid Al Futtaim in this agreement, which will provide positive examples and leadership that others can follow. The group’s commitment to taking landmark steps in helping to create a more sustainable future for our region has been very clear to us through our previous partnerships with them."
“Last year, Majid Al Futtaim unveiled its strategy to become net positive in water consumption and carbon emissions by 2040, with the cooperation of the ministry. As part of the net positive strategy, Majid Al Futtaim has been measuring its current carbon and water impact, and has been implementing measures to reduce it through projects focused on decreasing carbon emissions and water consumption,” he added.
Bejjani added that public-private partnerships have become essential, more than ever, to address climate change and ensure a more prosperous future for all nations.
“Our partnership with the MoCCAE is a major step on our path towards cementing sustainability principals in all areas. Majid Al Futtaim is proud to be the first company in the Middle East to commit to a net positive future, resulting in a positive corporate footprint by 2040,” he added.