UAE’s Mashreq has partnered with global property services firm JLL to advance the bank’s net zero ambitions at its global headquarters.
The 38,484 sqm Mashreq Global Headquarters in Downtown Dubai was awarded the LEED Zero Carbon certification from the US Green Building Council for achieving net-zero carbon emissions and prioritising energy efficiency through sustainable design and operations.
“Achieving the prestigious LEED Zero Carbon certification for our Global Headquarters is a testament to the significant strides that Mashreq has made in meeting global sustainability standards as we move towards a low-energy, reduced carbon footprint future,” said Bassem Fekry Farid, Executive Vice President, Head of Corporate Real Estate & Administration at Mashreq.
“Through our partnership with JLL’s energy and engineering services, we remain committed to fulfilling our carbon neutrality goals and scaling our impact to assure an enhanced quality of life for our employees, tenants, and the wider community.”
Based on its performance metrics of the past 12 months, the building’s net zero carbon status was realised through carbon emissions avoided or offset from the building’s annual operational energy and occupant transportation over a year, leading to a carbon dioxide equivalent (CO2e) balance of zero for the bank’s global HQ during the assessed period.
The new accolade follows the LEED Zero Energy (Leadership in Energy and Environmental Design) certification conferred on Mashreq’s stone-clad L-shaped tower last year for its efforts in addressing net-zero resources (energy, water, and waste).
The Mashreq Global Headquarters was also recognised with LEED for Operations and Maintenance Gold certification in 2022.
Leveraging JLL’s expertise in sustainability services, Mashreq Global HQ has committed to offset its carbon emissions for three years until 2027. To realise this ambitious goal, Mashreq has purchased Renewable Energy certificates that are Green-e Energy certified and are equivalent to the electricity consumed.
Mashreq also purchased Green-e Climate certified carbon offsets, equivalent to non-electricity emissions from chilled water consumption and transportation.
