Dubai Investments ‘Green Race’ saves 20,000 kWh electricity, 93,000 imperial gallons water in 1 year

Reinforcing its commitment to the cause of sustainability, Dubai Investments, the leading, diversified investments conglomerate listed on the Dubai Financial Market, has announced that its Green Race initiative has helped in saving 20,000 kWh electricity and over 93,000 imperial gallons of water in one year.                                                                                                 

The Green Race, organised between April 2015 and March 2016, involved company employees who were encouraged to conserve water & electricity through installation of energy-saving devices at their residences. The energy consumption across all the households were monitored on a monthly basis.

During the period under review, there was an 8% drop in collective electricity consumption in the 20 households, leading to an overall reduction of 10 metric tonnes of carbon emission. The collective water consumption also reduced by 8% during the period. The winners of Dubai Investments Green Race were announced on World Environment Day, marked globally on June 5.

The Green Race was part of Dubai Investments’ ongoing commitment to reduce the overall carbon footprint and safeguarding the environment for the present and future generations, not just for a day but every day of the year.

The UAE’s gross domestic electricity consumption has more than doubled in the past 10 years and is expected to grow rapidly over the next five years in view of the surging population. A total of 80% of electricity in the UAE is consumed by buildings. Investing in energy-efficient technologies in existing buildings can reduce a unit’s energy bills by 20-30%, statistics reveal.

To mark the World Environment Day, Dubai Investments also hosted activities for employees to promote ecological awareness. These included an activity to create art out of waste with recycled materials; as also creating sculptures and installations with recycled goods, making upcycled art collage & mosaic with ceramic and glass.