Net Positive in Water and Carbon by 2040

(

Private sector

)

#SDGAction43200

Description

Net Positive is an approach that means doing more good than bad. It goes beyond ‘doing less harm’ and urges businesses to have a positive impact on the world. The concept advocates a holistic approach, positioning core business activity at the heart of actions towards sustainable practice, and encourages acknowledgement and prioritization of impacts that are linked to business profitability, risk and opportunity. To achieve our Net Positive commitments in carbon and water we therefore carefully plan our actions and approach.

OUR PRINCIPLES FOR NET POSITIVE:
1. FOCUSING ON OUR MATERIAL IMPACTS
2. EMBEDDING NET POSITIVE IN EVERYTHING WE DO
3. REPORT PROGRESS TRANSPARENTLY
4. COLLABORATE TO SCALE UP IMPACT

WE ARE COMMIT TED TO BE NET POSITIVE IN CARBON & WATER BY 2040
1. REDUCE WHAT WE USE, BE EFFICIENT
2. GENERATE RESOURCES, ON-SITE
3. OFFSET OUR IMPACTS, OFF-SITE

Carbon:
1. through Energy Saving - For example, in 22 of our retail stores, we saved 1.3 million kWh per month (AED 600,000) through installing LED lighting.
2. ON-SITE RENEWABLE ENERGY - For example, in City Centre Al Barsha we have solar panels over our car park roof.
3. OFF-SITE SUSTAINABLE ENERGY PROJECTS - For example, we are exploring the opportunities to invest in off-site renewable energy generation or reduce carbon emissions through offsetting projects. last month we signed our first PPA in Jordan which means 90% of our consumption is covered by renewables and to cover 100% we are investing on site solar PVs in Jordan.

To ensure we achieve our commitment by 2040 we have broken-down the target to short term and medium term targets. By 2022 37% reduction in water and energy, our operational footprint will be Net Positive by 2030 and our tenants and developments will achieve Net Positive by 2040

Expected Impact

Net zero energy is such a radical and powerful concept because it is one of the key solutions to carbon neutrality and the elimination of fossil fuel use. By sector, energy use in buildings is the largest single contributor to our carbon footprint — roughly 40 percent, depending on the estimate. If all Majid Al Futtaim Existing were retrofitted to be net zero/positive energy, and all new construction was built to a net positive standard, society’s collective carbon footprint would be reduced by that amount in countries that we operate.

Partners

World Green building Council, Emirates GBC, Kuwait GBC, Oman GBC, Bahrain GBC, Lebanon GBC, Jordan GBC, Kenya GBC,

SDGS & Targets

Goal 7

Ensure access to affordable, reliable, sustainable and modern energy for all

7.1

By 2030, ensure universal access to affordable, reliable and modern energy services

7.1.1

Proportion of population with access to electricity

7.1.2

Proportion of population with primary reliance on clean fuels and technology

7.2

By 2030, increase substantially the share of renewable energy in the global energy mix

7.2.1

Renewable energy share in the total final energy consumption

7.3

By 2030, double the global rate of improvement in energy efficiency

7.3.1

Energy intensity measured in terms of primary energy and GDP

7.a

By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology

7.a.1

International financial flows to developing countries in support of clean energy research and development and renewable energy production, including in hybrid systems

7.b

By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States, and land-locked developing countries, in accordance with their respective programmes of support

7.b.1

Installed renewable energy-generating capacity in developing and developed countries (in watts per capita)

Goal 6

Ensure availability and sustainable management of water and sanitation for all

6.1

By 2030, achieve universal and equitable access to safe and affordable drinking water for all

6.1.1

Proportion of population using safely managed drinking water services

6.2

By 2030, achieve access to adequate and equitable sanitation and hygiene for all and end open defecation, paying special attention to the needs of women and girls and those in vulnerable situations

6.2.1

Proportion of population using (a) safely managed sanitation services and (b) a hand-washing facility with soap and water

6.3

By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater and substantially increasing recycling and safe reuse globally

6.3.1

Proportion of domestic and industrial wastewater flows safely treated

6.3.2

Proportion of bodies of water with good ambient water quality

6.4

By 2030, substantially increase water-use efficiency across all sectors and ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number of people suffering from water scarcity

6.4.1

Change in water-use efficiency over time

6.4.2

Level of water stress: freshwater withdrawal as a proportion of available freshwater resources

6.5

By 2030, implement integrated water resources management at all levels, including through transboundary cooperation as appropriate

6.5.1

Degree of integrated water resources management

6.5.2

Proportion of transboundary basin area with an operational arrangement for water cooperation

6.6

By 2020, protect and restore water-related ecosystems, including mountains, forests, wetlands, rivers, aquifers and lakes

6.6.1

Change in the extent of water-related ecosystems over time

6.a

By 2030, expand international cooperation and capacity-building support to developing countries in water- and sanitation-related activities and programmes, including water harvesting, desalination, water efficiency, wastewater treatment, recycling and reuse technologies

6.a.1

Amount of water- and sanitation-related official development assistance that is part of a government-coordinated spending plan

6.b

Support and strengthen the participation of local communities in improving water and sanitation management

6.b.1

Proportion of local administrative units with established and operational policies and procedures for participation of local communities in water and sanitation management

SDG 14 targets covered

Name	Description

Deliverables & Timeline

01 January, 1970

Net Positive Commitment launched

01 January, 1970

1. started to work on creating a baseline by collecting data from across the operating companies. 2. Ashrae Audits were conducted per aasset to identify areas that we have to start working on and we set annual targets based on the result of the audits untill 2022

01 January, 1970

Our operational footprint will be Net Positive by 2030

01 January, 1970

Our tenants and developments will achieve Net Positive by 2040

Resources mobilized

Staff / Technical expertise

we have made sure we have sufficient internal and external resources in order to achieve our targets

Financing (in USD)

we have changed the company procedure which only approved projects with ROI of less than 2 years and increased it to 7 years for approval

Partnership Progress

No progress reports have been submitted. Please sign in and click here to submit one.

False