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UAE

Environmental

Transitioning to a Low
Carbon Future

Transitioning to a Low
Carbon Future



At FAB, we recognise the significant challenges posed by climate change to the earth, society, and the economy. We have taken a significant step across our financing activities by joining the NZBA which brings together global banks committed to aligning their lending and investment portfolios with Net Zero emissions by 2050.

FAB is the first bank in the UAE and the GCC to join this group of global financial institutions. This initiative is undertaken as part of the UNEP Finance Initiative (FI launched by the NZBA to create a platform for banking institutions from across 1 world to align their portfolios with Net Zero carbon emissions targets.

FAB's strategy and operations are guided by international and national sustainability policy positions, climate policy frameworks, as well as our Sustainable Finance framework.


FAB Climate Position Statement


Our timeline to Net Zero



-31% reduction in overall emissions per employee
-62% reduction in overall emissions per employee
+15% increase Scope 2 due to consolidation of Bank Audi, where 1600 employees were transferred to the Group
-67% reduction in overall Scope 3 emissions (excluding financed emissions)


58% reduction in overall waste generation
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First Abu Dhabi Bank

First Abu Dhabi Bank P.J.S.C

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