Ajman Bank Teams Up With Positive Zero To Reduce Carbon Footprint And Energy Costs

Ajman Bank signed a new contract with Positive Zero consultancy to save energy costs and reduce its carbon footprint.

Under this contract, Ajman Bank aims to cut energy costs by 28% and lower carbon dioxide emissions by 752 tonnes annually, which is equivalent to planting 11,300 trees.

Positive Zero is known for helping businesses and communities in the Middle East reduce their carbon emissions through clean energy, energy efficiency, and electric mobility solutions.

The project features a 10-year Shared Savings Energy Performance Contract (SSEPC) from Positive Zero's energy efficiency branch, Taka Solutions, a top energy efficiency service provider in the region.

It includes eight tailored energy efficiency measures (EEMs) for Ajman Bank's facilities, aligned with the bank's strong commitment to environmental sustainability.

"Our strategic partnership with Positive Zero marks a significant milestone in our journey towards sustainability and operational excellence," Ajman Bank CEO Mustafa Al Khalfawi was quoted as saying by WAM.

"This collaboration underscores our commitment to innovation and environmental stewardship, reflecting our dedication to not only meet the financial needs of our clients but also to contribute positively to the community and environment we operate in," he added.

Al Khalfawi explained how Ajman Bank is leveraging Taka Solutions' expertise in energy management, with an aim to "significantly reduce our carbon footprint and operational costs, setting a new benchmark for sustainable practices in the banking industry."

The bank's CEO noted that the collaboration with Positive Zero and Taka Solutions is a testament to Ajman Bank's ongoing efforts to ensure responsible banking practices that support economic growth as well as environmental sustainability.

David Auriau, Co-Founder and CEO of Positive Zero, shared his excitement to work with Ajman Bank in prioritizing energy efficiency to reduce the impact of the carbon footprint alongside unlocking economic opportunities within the banking industry and supporting sustainability goals.

"Energy efficiency is imperative to meet the country's ambitions to become over 40% more efficient by 2050," Auriau said, adding that Positive Zero is "investing and driving the widespread adoption of efficient technologies and solutions to develop more sustainable built environments and smarter cities."

He further said that this collaboration will help businesses substantially reduce their consumption, costs and carbon emissions.