Ajman Bank has announced a new contract with Positive Zero that is set to enable huge cost and carbon footprint savings.
As a result of the partnership, Ajman Bank expects to save 28% on energy costs and reduce carbon dioxide emissions by 752 tonnes annually, equivalent to planting 11,300 trees.
The project involves a 10-year Shared Savings Energy Performance Contract (SSEPC) led by Positive Zero’s energy efficiency arm, Taka Solutions. This agreement includes eight energy efficiency measures tailored to Ajman Bank’s facilities, reflecting the bank’s strong commitment to environmental sustainability.
“This collaboration underscores our commitment to innovation and environmental stewardship. 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,” said Mustafa Al Khalfawi, CEO of Ajman Bank.
Positive Zero specializes in decarbonising businesses and communities in the Middle East through clean power, energy efficiency, and electric mobility solutions. “We are excited to work with Ajman Bank in prioritising energy efficiency to reduce their carbon footprint,” added David Auriau, Co-Founder and CEO of Positive Zero.
Energy efficiency is crucial to meet the country’s goal of becoming over 40% more efficient by 2050.
