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MAF launched five-year sustainability strategy

Yesterday Majid Al Futtaim Properties (MAF) launched its new five-year sustainability strategy, which aims to strengthen the company’s position as a global leader in the field.

The new strategy was announced during Majid Al Futtaim Properties’ third annual Sustainability Summit in Sheraton Hotel Mall of the Emirates, Dubai.

George Kostas, CEO, Majid Al Futtaim Properties, said: “Today MAF is ranked as the leading property company in the Middle East, and according to the 2013 Global Real Estate Sustainability Benchmark (GRESB) survey, we rank second in the Asia-Pacific region and in the top 133 property businesses worldwide.”

Presenting Majid Al Futtaim Properties’ new sustainability strategy, Ibrahim Al Zu’bi, Head of Sustainability, said: “It is our vision to enhance people’s lives through sustainable real estate. This commitment is reflected in our approach to issues ranging from labour conditions and health and safety in our developments to supporting local economic development. This is an evolving commitment and we are proud that our commitment thus far has included achievements such as a 17% reduction in water consumption in our malls and a 15% reduction in our hotels.

“In addition, last year we delivered AED 13.3 million in community investment through hosting events in our malls, donating staff time, providing free space to groups and cash contributions.”

Speaking at the event, Nils Kok, Executive Director, GRESB, discussed how the number of companies and funds disclosing information on sustainability performance in 2013 to GRESB increased by nearly a quarter compared to the previous year.

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