Positive Zero And Ajman Bank Partner To Cut Costs And Carbon Footprint

Ajman Bank PJSC, a prominent Islamic financial institution based in the UAE, has entered into a new agreement with Positive Zero aimed at achieving substantial cost savings and reducing carbon emissions. By adopting Positive Zero’s fully financed energy efficiency solutions at its headquarters, Ajman Bank anticipates cutting energy costs by 28% and decreasing annual carbon dioxide emissions by 752 tons, equivalent to planting 11,300 trees annually. Positive Zero, a leader in decarbonizing businesses across the Middle East, specializes in on-site clean power, energy efficiency, and electric mobility solutions.

The initiative involves a 10-year Shared Savings Energy Performance Contract (SSEPC) delivered by Positive Zero’s energy efficiency division, Taka Solutions, renowned for its services in the region. It encompasses the implementation of eight tailored energy efficiency measures (EEMs) designed to enhance Ajman Bank’s operational sustainability efforts.

Mustafa Al Khalfawi, CEO of Ajman Bank, highlighted the significance of the partnership: “Our collaboration with Positive Zero marks a pivotal step in our journey towards sustainability and operational excellence. This initiative underscores our commitment to innovation and environmental stewardship, aligning with our goal to not only meet our clients’ financial needs but also positively impact the community and environment in which we operate. Leveraging Taka Solutions’ expertise in energy management, we aim to significantly reduce our carbon footprint and operational costs, setting new benchmarks for sustainable practices in banking.”

David Auriau, Co-Founder and CEO of Positive Zero, emphasized the transformative impact of energy efficiency: “Partnering with Ajman Bank to prioritize energy efficiency is crucial for reducing their carbon footprint and unlocking economic opportunities within the banking sector. This initiative supports the UAE’s sustainability goals and our shared ambition to drive widespread adoption of efficient technologies, fostering sustainable environments and smarter cities.”

Positive Zero provides comprehensive services including financing, implementation, long-term operations, and maintenance of energy efficiency projects, adhering to a decarbonization-as-a-service model that requires no upfront investment from customers. This approach facilitates broader adoption of sustainable practices among organizations seeking integrated clean energy and efficient technologies.