First Abu Dhabi Bank PJSC 2023 SR
The report highlights First Abu Dhabi Bank's (FAB) sustainability performance for 2023, emphasizing its commitment to the UAE's Net-Zero by 2050 goal. FAB increased its sustainable and transition finance target to AED 500 billion by 2030, having already facilitated AED 126.3 billion. It became the first MENA bank to set financed emission-reduction targets for eight high-emitting sectors, covering 90% of its portfolio. The bank also issued the UAE's first AED-denominated Green Sukuk and published its inaugural TCFD report. Socially, FAB achieved a 44% Emiratisation rate and invested AED 105.2 million in community initiatives. The bank also strengthened its governance by integrating ESG KPIs into executive remuneration and enhancing its cyber-resilience framework.
Company: First Abu Dhabi Bank PJSC
Sector: Financials
Country: United Arab Emirates
Year: 2023
Type: SR
Pages: 94
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First Abu Dhabi Bank PJSC
ESG Report
The report highlights First Abu Dhabi Bank's (FAB) sustainability performance for 2023, emphasizing its commitment to the UAE's Net-Zero by 2050 goal. FAB increased its sustainable and transition finance target to AED 500 billion by 2030, having already facilitated AED 126.3 billion. It became the first MENA bank to set financed emission-reduction targets for eight high-emitting sectors, covering 90% of its portfolio. The bank also issued the UAE's first AED-denominated Green Sukuk and published its inaugural TCFD report. Socially, FAB achieved a 44% Emiratisation rate and invested AED 105.2 million in community initiatives. The bank also strengthened its governance by integrating ESG KPIs into executive remuneration and enhancing its cyber-resilience framework.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Jun 19, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees