Annual Report

Overview

The report highlights FAB's progress toward its AED 500 billion sustainable and transition finance target, reaching 53% by the end of 2024. It reports estimated 2024 operational emissions of 5,813 tCO2e for Scope 1, 28,440 tCO2e for Scope 2 and 3,508 tCO2e for Scope 3. FAB also introduced a Group Climate Risk Policy and Framework and expanded climate stress testing. ESG oversight is led by the Board of Directors through the Board Risk and ESG Committee, supported by Group-level ESG committees.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: Ends 31 December 2024
Language: English
Pages
File size

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Materiality

Assessment
Basis

Assurance

Provider
Level
Scope
Statement included
Metrics assured

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