Ajman Bank has announced a new partnership with Positive Zero, aiming to achieve significant cost savings and reduce their carbon footprint By adopting Positive Zero’s fully financed energy efficiency solutions at their headquarters, Ajman Bank expects to save 28 percent on energy costs and cut carbon dioxide emissions by 752 tones annually, equivalent to planting 11,300 trees.
Positive Zero is a leading company in decarbonizing businesses and communities in the Middle East, offering a range of on-site clean power, energy efficiency, and electric mobility solutions.
The project includes a 10-year Shared Savings Energy Performance Contract (SSEPC) implemented by Positive Zero’s energy efficiency arm, Taka Solutions, the leading provider of energy efficiency services in the region. It involves eight energy efficiency measures (EEMs) tailored to Ajman Bank’s facilities, aligning with its strong commitment to environmental sustainability.
Mustafa Al Khalfawi, CEO of Ajman Bank, said, “Our strategic partnership with Positive Zero marks a significant milestone in our journey towards sustainability and operational excellence. 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. Leveraging Taka Solutions’ expertise in energy management, we aim to significantly reduce our carbon footprint and operational costs, setting a new benchmark for sustainable practices in the banking industry. Our collaboration with Positive Zero and Taka Solutions is a testament to Ajman Bank’s ongoing efforts to embrace responsible banking practices that support economic growth while ensuring environmental sustainability.”
David Auriau, Co-Founder and CEO of Positive Zero, commented on the occasion, “We are excited to be working with Ajman Bank in prioritizing energy efficiency to reduce the impact of their carbon footprint. This partnership unlocks economic opportunities within the banking industry and supports the nationwide drive towards sustainability. Energy efficiency is essential to meet the country’s goal of becoming over 40% more efficient by 2050. Along with our trusted partners like Ajman Bank, we are investing in and promoting the widespread adoption of efficient technologies and solutions to develop more sustainable built environments and smarter cities, helping businesses substantially reduce their consumption, costs, and carbon emissions.”
