COP28 | CHALHOUB GROUP, LVMH, EMAAR MALLS, MAJID AL FUTTAIM, AND ALDAR PROPERTIES ANNOUNCE THE CREATION OF A UNIQUE ALLIANCE DEDICATED TO SUSTAINABILITY

“UNITY FOR CHANGE” أفــــــــــــــــق

• The taskforce represents the unity of major retail players for a shared commitment towards sustainability goals
• New standards in environmental, social and governance (ESG) practices within the Middle East
• Clear objectives for malls and retail operations, focusing on water consumption, air conditioning efficiency, use of clean energy, design and construction practices.

Dubai, United Arab Emirates, December 19, 2023: Chalhoub Group, LVMH, EMAAR Malls Management (L.L.C), Majid Al Futtaim Properties LLC, and Aldar Properties PJSC join forces to create “Unity For Change – أفــــــــــــــــق” (pronounced UFQ in Arabic, meaning horizon and symbolizing the future), a pionneering partnership among prominent retailers and real estate developers in the Emirates. This alliance is dedicated to defining and achieving sustainability targets.

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