Stakeholder Engagement
Engaging with our Stakeholders and
Fostering Action for Impact
Building Strong Relationships to Advance a Sustainable Future
We believe that meaningful engagement and strategic collaboration are essential to driving a resilient, sustainable real-economy transition. We actively support and contribute to national and global platforms that influence sustainability policy, private-sector action and regulatory direction.
Our involvement includes representation in key bodies such as:
Alliances and Coalitions
By engaging with stakeholders through councils, events, consultations, surveys and direct partnerships, we gain crucial insights into their expectations and material concerns.
These collaborative relationships help ensure our strategies remain relevant, responsive and aligned with emerging sustainability challenges.
Stakeholder Materiality Assessment Overview
- Responsible lending and investing
- Governance, business ethics and compliance
- Business continuity
- Employee wellbeing
- Socially responsible procurement
- Financial inclusion and accessibility
- Systemic risk management
- Talent attraction and retention
- Learning and development
- Digitalisation
- Customer privacy and data security
- Diversity and inclusion
- Community investment and socio-economic development
- Emiratisation
- Customer experience
- Disruptive innovation
- Direct environmental impacts of operations
- Anti-money laundering and anti-corruption
- 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 annual ESG Reports.