Abu Dhabi Commercial Bank (ADCB) bears both a responsibility and an opportunity to actively contribute to the nation's aspirations for an inclusive net-zero economy. This involves realizing the country's strategic commitments to the UN Sustainable Development Goals (SDGs) and endorsing the 'UAE Net Zero by 2050' strategic initiative. In 2022, the company’s scope 1 GHG emissions reported was 633 metric tons of tCO2e, scope 2 GHG emissions were 17,980 tCO2e and scope 3 GHG emissions was 8,254 tCO2e. Scope 1 emissions refer to direct emissions from owned or controlled sources, scope 2 emissions are indirect emissions from purchased electricity, and scope 3 emissions are indirect emissions from sources not owned or controlled by the company.

The bank has been focusing on cost-saving programs and cost management to reinforce its cost-to-income ratio on a downward trend. This indicates a commitment to reducing emissions associated with its operations. ADCB is also prioritizing the growth of its Wealth Management business and the development of distinctive products to provide clients with top-notch wealth management and investment services. Additionally, the bank aims to enhance customer service and digital banking capabilities to become a leader in the region. In terms of emission reduction, ADCB has taken significant steps. The bank has issued a USD 500 million green bond to support low-carbon initiatives. This investment will contribute to reducing emissions and supporting sustainable projects.

In conclusion, Abu Dhabi Commercial Bank is dedicated and is taking steps to reduce its carbon emissions and GHG emissions. The bank is focused on cost-saving programs, growth in its Wealth Management business, and digital transformation. ADCB has also made a significant investment through a green bond issuance to support low-carbon initiatives and the bank's commitment to sustainability is evident.

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