First Abu Dhabi BankFirst Abu Dhabi Bank P.J.S.C
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As the largest bank in the UAE, FAB has taken decisive steps as a regional pacesetter in the financial industry to bind both ambition and action together to accelerate the pace of positive environmental change. As the first bank in the MENA region to have committed to a target of net-zero emissions by 2050, we're making advances across our own operations in addition to walking alongside our clients as their strategic partner to ensure they can achieve their climate goals.
"Net-Zero' means finding a balance between the amount of greenhouse gas produced and the amount removed from the atmosphere.
The term Net-Zero is important because - for C02 at least - this is the state at which global warming stops.
The UAE is the first nation in the Middle East and Africa to commit to a national drive to achieve Net-Zero emissions by 2050.
The UAE Net-Zero Agenda aligns with the Paris Agreement, which calls on countries to prepare long-term strategies to reduce greenhouse gas (GHG) emissions and limit the rise in global temperature to 1.5 C when compared to pre-industrial levels.
An industry-led and UN-convened alliance that brings together banks worldwide, with members committing to align their lending and investment portfolios with Net-Zero emissions by 2050.
In 2021 FAB joined this alliance, and as part of this commitment will enable our clients to transition towards a climate-neutral economy through innovative financing, and advisory services.
ESG Report 2021
Our ESG Strategy will focus on Transforming our Governance Model, Transitioning to a Low Carbon Future and Capitalising on our Social Responsibility.