Ajman Bank has entered a landmark energy efficiency partnership with Positive Zero, committing to a 10-year Shared Savings Energy Performance Contract (SSEPC) that will cut the bank's energy costs by 28% and reduce its annual carbon dioxide emissions by 752 tonnes — the environmental equivalent of planting 11,300 trees every year.
Ajman Bank and Positive Zero: What the Deal Covers
Positive Zero, a Middle East-focused decarbonisation-as-a-service company, will execute the project through its energy efficiency division, Taka Solutions. The contract involves eight tailored Energy Efficiency Measures (EEMs) designed specifically for Ajman Bank's UAE headquarters. Crucially, the shared savings model requires no upfront investment from Ajman Bank — Positive Zero finances, implements, operates, and maintains the energy solutions over the contract term.
Taka Solutions has a proven regional track record, having delivered more than 100,000 MWh of cumulative energy savings across eight sectors in the UAE, the equivalent of planting over one million trees.
Bank Leadership Calls It a Sustainability Milestone
Mustafa Al Khalfawi, CEO of Ajman Bank, described the deal as a pivotal step in the bank's environmental commitments: "Our strategic partnership with Positive Zero marks a significant milestone in our journey towards sustainability and operational excellence."
The bank also reaffirmed its broader mandate of responsible banking — driving economic growth in Ajman while delivering measurable financial and social impact.
Positive Zero CEO on UAE's 2050 Efficiency Targets
David Auriau, Co-Founder and CEO of Positive Zero, said the partnership directly advances national climate goals: "Energy efficiency is an imperative to meet the country's ambitions to become over 40% more efficient by 2050. We are excited to be working with Ajman Bank in prioritising energy efficiency to reduce the impact of their own carbon footprint."
Auriau added that investments in efficient technologies build smarter built environments and cities — an explicit alignment with the UAE's long-term vision for sustainable urban development.
UAE Energy Efficiency: The Broader Context
The deal reflects a growing wave of corporate decarbonisation commitments across the UAE banking sector. With the UAE government targeting over 40% improved energy efficiency by 2050, financial institutions are increasingly turning to performance-based contracts — where savings fund the project itself — as a risk-free path to meeting ESG obligations and reducing operating costs simultaneously.
