Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour in the UAE, has pledged alongside 16 of its FMCG partners to advance the COP28’s Collaborative Impact Goals (CIGs), demonstrating a progressive step for the retailer in combining forces to deliver a sustainable future. Through this initiative, Carrefour and its industry partners are setting a benchmark for end-to-end sustainability operations, future proofing modern retail by ensuring a secure future for the planet and surrounding local communities.

According to the pledge, which entails three CIGs, Majid Al Futtaim and its Carrefour FMCG partners are mandated to commit to CIG 1, which targets Greenhouse Gas Emissions. Pledged members are committed to measure, report and activate steps towards carbon emissions’ reduction of their respective products that sit on Carrefour shelves. The joint efforts of members will aim to meet Carrefour’s target of eliminating one billion kilogrammes of CO2 by 2030. CIG 1 is mandated for suppliers as part of Carrefour’s commitment to reduce the significant 93% contribution of its Scope 3 emissions. This aligns with Carrefour’s efforts to enhance energy efficiency and sustainability across the supply chain. Following the mandatory goal, CIG 2 and CIG 3 are optional for parties to implement, which focus on Sustainable Packaging and Healthier & More Sustainable Products, respectively.

The pledge follows the successful launch of the Supplier Sustainability Forum earlier this year, a commitment signed by the FMCG partners in partnership with the UAE’s Ministry of Climate Change and Environment (MOCCAE) and the Dubai Chamber of Commerce. Following the pledge, the Supplier Sustainability Forum aims to establish working groups in 2024 to identify priority projects for each of the CIGs.

Rupkatha B