Sustainability

JLL and Mashreq partner for LEED Zero Carbon status

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

JLL and Mashreq have partnered to advance the bank’s Net Zero ambitions for its global headquarters. Mashreq Global Headquarters in Downtown Dubai was awarded 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.

Based on 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 (O+M) Gold certification in 2022.

Darren Denikiewicz, Head of Engineering & Energy, Project & Development Services UAE at JLL said: “Having earned multiple LEED Zero certifications, Mashreq’s Global Headquarters is a model of environmental stewardship and reinforces the bank’s position as a sustainability champion in the UAE and the wider MENA region. Harnessing the potential of leading renewable energy technologies and innovations in design integration.”

He added, “JLL is working with Mashreq to fulfill its Net Zero goals and position it for long-term success through a compelling carbon emissions reduction strategy. As the social impact of green buildings becomes evident, we look forward to seeing more projects achieving LEED Zero certifications and making net zero goals a reality in the region,” stated Denikiewicz.

Bassem Fekry Farid, Executive Vice President, Head of Corporate Real Estate & Administration, Mashreq added, “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.”

“The transparent tracking of energy use and reliance on renewables aligns with the UAE’s ambitious Net Zero by 2050 agenda. 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,” Farid concluded.

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