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Abu Dhabi Islamic Bank (ADIB) has published its annual Environmental, Social, and Governance (ESG) report, showcasing the bank's strides toward building sustainable, diverse, and equitable communities. The report highlights ADIB's dedication to governance excellence and sustainability, aligning with the UAE’s Vision 2050 and the Abu Dhabi Economic Vision 2030. It details the bank's ongoing efforts in environmental and social priorities, emphasizing ADIB's commitment to a more sustainable future.
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ADIB announced its net-zero targets for Scope 1 and Scope 2 emissions by 2030, reaffirming its commitment to reducing its carbon footprint. In 2023, ADIB continued to lead in sustainable finance, with a portfolio reaching AED 5.567 billion. Notably, the bank issued the world's largest green sukuk by a bank, raising USD 500 million. Mohamed Abdelbary, Acting CEO, emphasized ADIB's commitment to innovation and sustainability, integrating robust ESG frameworks into operations to enhance service offerings and contribute to global sustainability efforts.
Why it matters
This underscores ADIB's role in promoting sustainability and responsible banking in alignment with global and regional environmental goals.