UAE-based smart and green facility management leader Farnek has unveiled its roadmap to achieve net zero emissions by 2050, supporting the UAE’s strategic initiative, announced in October last year.
“In terms of corporate business strategy, Net Zero is the future. If the UAE is to achieve its Net Zero ambitions, the private sector must support the government and with COP 28 taking place in Abu Dhabi, it is vital that organizations are starting to plan their environmental strategy now,” commented Markus Oberlin, CEO of Farnek.
“Not only that, but sustainability also enables operational savings, competitive advantage and strengthens stakeholder relationships. We view climate action as a critical business issue that must first be addressed within our own operations and across our value chain, setting a good example,” he added.
Using 2021 as a baseline, Farnek consultants have already identified the scope and limits, to accurately measure its carbon footprint. In addition to building performance, such as energy and water consumption, Farnek also considers employee travel, logistics, purchased goods and services, waste disposal, and a focus on recycling, renewable energy and other low-carbon alternatives.
Farnek’s carbon emissions will be calculated using software developed by ClimatePartner, an international provider of solutions for corporate climate action, based in Munich, Germany.
“We have already set emissions targets for each category and applied an initial five-year reduction target, which will be reviewed annually to assess progress, make adjustments if necessary and disclose the results to be transparent,” said Nadia Ibrahim, Sustainable Development Manager at Farneck.
“By 2026, we aim to reduce our consumption of electricity, water, refrigerants and fuel by 30%. We will also reduce our waste by 10% and reduce emissions associated with purchased goods and services by 5%,” she added.
By 2031, Farnek’s goal is to reduce its emissions in these categories by up to 50% and by 2048 its carbon footprint will have been reduced by up to 90% overall.
“It is impossible to become carbon neutral by reduction methods alone, so the remaining 10% will be offset with ClimatePartner, supporting certified carbon offset projects, thus reaching our Net Zero goal by 2050,” Ibrahim said. . Farnek, market leader and multiple award winner, has long been an advocate of
sustainable development, in 2007 Farnek received the Emirates Energy Award for its innovative research project which assessed the energy and water consumption of five-star hotels in Dubai with similar properties in Europe.
Indeed, Farnek is the preferred partner in the Middle East for Green Globe Certification, the world’s leading sustainability management and certification system for the hospitality, travel and tourism industry.
Farnek has also developed an in-house online solution called Optimizer that can perform and compare comprehensive energy, water and waste audits for building owners and managers.
Further emphasizing its green credentials, last year Farnek inaugurated a vertical garden on the roof of its staff accommodation facility, Farnek Village, which grows salads for Farnek’s staff canteen. The food waste generated, estimated at around 125 kg per day, is composted and sent back to the garden, closing the loop and creating a circular economy.