Abu Dhabi Commercial Bank (ADCB) has a sustainability strategy, pledge signed to align with UAE’s Net Zero by 2050 Strategic Initiative. ADCB's latest filings mentioned the keywords 'Emissions/Emission' and 'Net Zero' most number of times.

The bank has set specific goals related to scope 1, scope 2, and scope 3 emissions. According to the filings, the bank's total greenhouse gas (GHG) emissions for scope 1, 2, and 3 were 633 tCO2e, 17,980 tCO2e, and 8,254 tCO2e, respectively. The increase in energy usage and GHG emissions in 2022 is due to the bank's expanded reporting boundary, including its subsidiaries in Egypt and Kazakhstan, compared to prior year reporting limited to the UAE only. According to its 2022 ESG report, GHG emissions intensity (tCO2 e/FTE) was reported at 2.7 and 93% procurement budget spent on local suppliers in 2022.

ADCB has taken steps to lower its emissions, including receiving flight information for commercial air travel and estimating emissions using the International Civil Aviation Organization's Carbon Emissions Calculator. The bank has also used grid emission factors from Dubai Electricity and Water Authority to calculate emissions from electricity consumed for its data centres. Additionally, the bank has used location-specific grid emission factors for Kazakhstan and Egypt and emission factors from Emirates Water and Electricity Company for Abu Dhabi.

At COP27 in 2022, the UAE launched its National Net Zero by 2050 Pathway, which highlights the nation's climate ambition with emission reduction targets to achieve net zero by 2050. The bank has also approved a Sustainability Policy and made it public, adopted an ESG risk appetite, and published its inaugural ESG Report with third-party assurance from Deloitte on GHG disclosures. The bank has approved a Sustainability Training Plan with a designated ESG Training Lead, approved a Green Bond Framework, and issued an inaugural USD 500 million green bond.

In conclusion, Abu Dhabi Commercial Bank has set a net-zero target and specific goals related to scope 1, scope 2, and scope 3 emissions. It has also implemented Environmental and Social Risk Management (ESRM) Policies. Additionally, the bank has established a Sustainability Governance Framework, a Sustainability Team, and a Group Sustainability Committee, among other initiatives.

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