First Abu Dhabi Bank PJSC 2024 AR2
The report highlights First Abu Dhabi Bank's (FAB) strong financial and sustainability performance in 2024, achieving a net profit of AED 17.1 billion and a 15% revenue increase. FAB made significant progress toward its 2030 sustainable finance target of AED 500 billion, facilitating AED 140 billion in 2024 and reaching 53% of its goal to date. The bank also advanced its environmental agenda by implementing a comprehensive Group Climate Risk Policy and Framework, and became the first bank in the region to publish a TNFD report. Additionally, FAB maintained its leadership in ESG ratings with an AA rating from MSCI and was recognized as the most sustainable company in the Middle East and Africa by TIME and Statista.
Company: First Abu Dhabi Bank PJSC
Sector: Financials
Country: United Arab Emirates
Year: 2024
Type: AR2
Pages: 181
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First Abu Dhabi Bank PJSC
Annual Report
The report highlights First Abu Dhabi Bank's (FAB) strong financial and sustainability performance in 2024, achieving a net profit of AED 17.1 billion and a 15% revenue increase. FAB made significant progress toward its 2030 sustainable finance target of AED 500 billion, facilitating AED 140 billion in 2024 and reaching 53% of its goal to date. The bank also advanced its environmental agenda by implementing a comprehensive Group Climate Risk Policy and Framework, and became the first bank in the region to publish a TNFD report. Additionally, FAB maintained its leadership in ESG ratings with an AA rating from MSCI and was recognized as the most sustainable company in the Middle East and Africa by TIME and Statista.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Water Consumption
Women on Board
Women in Management
Net Zero Target