United Arab Bank PJSC 2021 Sustainability Report
Company: United Arab Bank PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2021
Type: Sustainability Report
Pages: 27
The report describes UAB's 2021 return to profitability, including AED 70 million net profit after a 2020 loss. It highlights the Middle East's first payment card made from 100% recycled material, an 8% carbon-footprint reduction versus conventional PVC cards, and approximately AED 90m in ESG-linked loans. The company also reports buying 1,000 trees for planting in 2022 and reducing facility electricity and water consumption by approximately 3% each.
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