Positive Social Impact

Supporting the wellbeing for individuals and the communities in which we operate is a strategic objective for FAB. In a rapidly changing world, stakeholders increasingly demand organisations to shift their business models and drive sustainable development. Our commitment to positive social impact extends across our operations and business strategy. We acknowledge and support the importance of providing career opportunities and development for Emirati nationals, partner with a large number non-profits and social enterprises to maximise our impact on Socio-Economic Development and work to reduce our carbon dioxide emissions.

Emiratisation

Qeyada Programme

Market mapping for middle and senior roles and leadership development. Attracting external hires Emiratis for senior roles in the bank, strong assessment, process & selection criteria and Emirati Succession Programme to support individual development to equip for the next role.

Al Masar

Fast Track for existing staff. Proactively preparing high potential Emirati talent for “Critical Roles” in 12 months.

Nujoom - Management Trainee Programme

Graduate development to support FAB Emirati Talent Pipeline – offering ambitious fresh graduates career growth opportunities to take on “Middle Management” roles in 18 months on job development & 6 months.

20 for 2020 Programme

The initiative aims to increase & empower Emirati female representation at board-level, selection process ongoing.

The Banker Programme

In collaboration with HRA & ADGM the Banker Programme focuses on creating employment for UAE Nationals fresh graduates in the Banking and Finance sector.

Community Investment & Socio-Economic Development

Emirates Foundation

Emirates Foundation is a philanthropic foundation set up by the government of the emirate of Abu Dhabi to facilitate public-private funded initiatives to improve the welfare of people across the UAE.

Dubai Cares

Dubai Cares is a UAE-based global philanthropic organization that designs programmes to reduce and remove obstacles that prevent children and youth in developing countries from attaining quality education.

SOS – CHILDREN’S VILLAGES

SOS Children’s Villages is an independent, non-governmental, non-profit, international development company that provides humanitarian and developmental assistance to children in need to protect their rights around the world.

Emirates Down Syndrome Association

Emirates Down Syndrome Association is a non-profit that supports people with Down Syndrome with services such as education and wellbeing.

Dubai Courts

Dubai Courts is a government organisation with the mission of realising effective justice.

Emirates Red Crescent

The Emirates Red Crescent is a humanitarian organisation that supports government official authorities.

UNHCR

United Nations High Commissioner for Refugees (UNHCR) is an agency mandated to protect refugees and assist in their voluntary repatriation, local integration or resettlement to a third country.

FAB Scholars: Paris II University of Law

We provided AED 3 Million for 30 scholarships to be awarded to Emirati students to study in their Bachelor of Laws LLB programme at the Paris II University of Law for the calendar year of 2020/2.

Socially Responsible Procurement

Our suppliers predominately cover the following functions: information technology and telecommunications, marketing, market data, facility management and professional services. We take steps to reduce environmental and social impacts in our supply change. Our comprehensive procurement policy outlines our expectations to our suppliers, this includes anti-money laundering policies, data protection regulation standards, health and safety and ethics policies. Where possible, we opt for local service providers and suppliers as we understand the importance of investing in the local economy.

In 2020 we spent a total of AED 2.9 billion on procurement, this is in line with our 2019 spending
Local suppliers in the UAE represented 66% (up from 63% in 2019) of our global supply chain and approximately 85% of the total spend (up from 69% in 2019)
We shared our Supplier Environmental and Social Code of Conduct with all suppliers on boarded to our vendor system

Procurement	Unit	Scope	2017	2018	2019	2020
Total number of suppliers engaged	Number	Group	2,440	1,521	2,300	2,293
Total number of local suppliers engaged	Number	UAE	1,811	1,178	1,470	1,507
Total procurement spending	Billion AED	Group	2.27	3.00	3.05	2.94
Procurement spending on local suppliers	Billion AED	UAE	1.94	2.49	2.09	2.51
Percentage of spending on local suppliers	%	Group	85	83	69	85

Capitalising on our social responsibility