DMCC Launches Sustainability Projects to Accelerate Decarbonisation and Sustainability in Dubai

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by KnowESG

DMCC, the world's flagship free zone, and the Government of Dubai Authority on commodities trade and enterprise, as well as the master developer of the JLT District, has announced several sustainability projects to accelerate the decarbonisation of the Jumeirah Lakes Towers (JLT) community in line with the Dubai Clean Energy and Net Zero Carbon Strategy 2050.

Following the announcement of the project earlier this year, DMCC signed a 20-year agreement with Etihad ESCO, a wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA) the Water, Energy, Technology, and Environment Exhibition (WETEX) 2022 that will see the majority of the JLT Cluster’s car parking areas provided with solar car shades. 

The project will give JLT one of the UAE's largest solar car shade installations. It will lead to a significant drop in DEWA tariffs for the district, saving property owners money every year and making living in JLT more affordable for residents and renters.

HE Saeed Mohammed Al Tayer, who is the Managing Director and Chief Executive Officer of DEWA, was there for the signing ceremony.

OneJLT, the DMCC Tea Centre, the DMCC Coffee Centre, and the Jewellery & Gemplex building will all get solar panels from DMCC. Also, the JLT District parking lots will get new lighting and ventilation systems that use less energy and work better. DMCC will also work with Etihad ESCO on other projects that will save energy and water in the JLT community by 30%.

Feryal Ahmadi, Chief Operating Officer, DMCC, said: 

"Sustainability and reducing carbon emissions are some of the most important problems we face as a whole today. They have never been more important." This core belief is the driving force behind DMCC’s comprehensive sustainability strategy and this full suite of decarbonisation projects that we are announcing today. Through these projects, we look to deliver an increasingly positive impact to the 60,000 people and 21,000 businesses that call JLT home.”

Dr. Waleed Alnuaimi, Acting Chief Executive Officer, Etihad ESCO, added: 

“We are proud to partner with DMCC on such an important project. Installing solar panels across the JLT district fully supports the various sustainable energy strategies championed by the UAE, allowing Dubai to positively tip the scales for climate change globally.”

Sustainability and other ESG areas are a core focus for DMCC. It was the first free zone in the GCC to sign the United Nations Global Compact (UNGC), which encourages businesses to act responsibly along the whole value chain. As part of its commitment to the UNGC, DMCC puts out an annual sustainability report that shows how the business district is doing on its sustainability goals.

Source: Zawya

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