Dubai, UAE In a significant sustainability milestone, JLL, a leading professional services firm specialised in real estate, investment management and development consultancy services, and Mashreq, one of the leading financial institutions in the MENA region, have partnered to advance the bank’s net zero ambitions of 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. 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 (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, JLL is working with Mashreq to fulfil 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.”

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

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 has also purchased Green-e Climate certified carbon offsets, equivalent to non-electricity emissions from chilled water consumption and transportation.

A globally recognised symbol of sustainability achievement and leadership, LEED certification provides a valuable framework for healthy, efficient, carbon and cost-saving green buildings. LEED Zero is the latest and highest category under the LEED certification program and represents a new level of achievement in the region.

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage, and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

About JLL MEA

Across the Middle East and Africa (MEA) JLL is a leading player in the real estate and hospitality services markets. The firm has worked in 35 countries across the region and employs over 1650 internationally qualified professionals across its offices in Dubai, Abu Dhabi, Riyadh, Jeddah, Al Khobar, Cairo, Casablanca, Johannesburg and Nairobi. For further information, visit jll-mena.com

Media Contact:
May Ong
JLL MEA| +971 509116448
May.Ong@jll.com

Nisha Celina | Janine Alamir
Burson
nisha.celina@bursonglobal.com | janine.alamir@bursonglobal.com

About Mashreq:

Mashreq is almost a half-century old, yet proudly thinks like a challenger, startup, and innovator. Mashreq pioneered key innovations and developments in banking, starting with entry-level digital-first customers all the way to powering some of the region’s most prominent corporations and wealth accounts.

The bank’s mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them achieve their goals and unlock their vision of success.

Reassuringly present in major financial centres of the world, Mashreq’s home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers. Mashreq has been recognized as the fastest-growing Middle East brand, by Banking 500 rankings for 2024 by Brand Finance.

Find your way to Rise Every Day at: www.Mashreq.com/RiseEveryDay

For media inquiries, please write to: media@mashreq.com