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Stakeholder Engagement

Engaging with our stakeholders and
creating empowering alliances

As part of our commitment to sustainability, it is essential that we form positive relationships with our stakeholders and promote constant engagement.

We recognise that by working in partnership we can achieve greater results and impact on issues of importance. These partnerships and alliances address issues such as social and community, the environment and the economy in the UAE, the countries where we have a presence and in locations where we believe we can make a difference.

We both support and participate in national councils and committees which include:

  • Node Minus Alt
    UAE Private Sector Advisory Council on the SDGs (Sustainable Development Goals)
  • OR
  • Node Minus Alt
    UAE Council on Climate Change and the Environment
  • OR
  • Node Minus Alt
    ADGM Sustainable Finance Consultative Working Group
  • OR

Alliances and Coalitions

By engaging with our stakeholders, we can better understand and act on their material concerns and requirements as they align to our core business.

We form alliances and coalitions with stakeholders who can help us achieve positive social and environmental results.

Stakeholder Materiality Assessment Overview

  1. Responsible lending and investing
  2. Governance, business ethics and compliance
  3. Business continuity
  4. Employee wellbeing
  5. Socially responsible procurement
  6. Financial inclusion and accessibility
  7. Systemic risk management
  8. Talent attraction and retention
  9. Learning and development
  10. Digitalisation
  11. Customer privacy and data security
  12. Diversity and inclusion
  13. Community investment and socio-economic development
  14. Emiratisation
  15. Customer experience
  16. Disruptive innovation
  17. Direct environmental impacts of operations
  18. Anti-money laundering and anti-corruption
  19. Financial performance

Summary & Findings

The influence of COVID 19 is evident as a result of the increase in topics such as:

  • Employee Wellbeing
  • Digitalisation
  • Diversity & Inclusion

Responsible lending and investing has gained prominence thanks to an increased awareness about its importance and the launch of FAB’s sustainable finance products.

Anti money laundering and corruption had the biggest drop in terms of level of importance, some reasons may be:

  • The topic was not commonly reported in other banks, likely as it may fall under the wider groups of 'conduct' and 'governance'
  • Stakeholders may feel FAB is already well versed in this topic and didn't regard it as important as some of the others

FAB conducts materiality assessments, in accordance with the principles developed by the Global Reporting Index (GRI). The objective of this exercise is to determine which environmental, social and governance (ESG) topics are most material to FAB. Results of our materiality assessments can be found in our .

Community Investment & Socio-Economic Development