Recently, UAE-based hospitality chain FIVE Hotels achieved 100% renewable electricity and the International Renewable Energy Certificate (I-REC), verified by the International Renewable Energy Certification Foundation (I-REC).
Aligning with the UAE’s Year of Sustainability, the hotel chain has launched a 100% solar-powered electricity platform by procuring I-RECs from DEWA.
“FIVE’s ‘Sustainable Indulgence’ product innovation propels us to focus on the forefront of sustainable development. Recognizing the UAE’s focus on sustainability ahead of hosting COP28 encouraged us to align our shared values,” says Kabir Mulchandani, chairman and founder FIVE.
“With our hotels directly connected to the same grid as DEWA’s Maktoum Solar Farm, we achieved an offset and direct renewable energy consumption for 2022 across our Dubai hotels.” He added that this resulted in a 10.6k mtco2 of carbon emissions reduction compared to previous years.
In 2022, FIVE achieved carbon use intensity reduction of 76.2%, electricity consumed per capita by 35.3% and water use intensity by 36.2% compared to the 2020 baseline. The next goal is establishing Science Based Targets aligned with a 1.5°C scenario by 2025.