GlobalData offers a comprehensive analysis of Abu Dhabi Islamic Bank, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Abu Dhabi Islamic Bank‘s ESG performance. GlobalData’s company profile on Abu Dhabi Islamic Bank offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Abu Dhabi Islamic Bank (ADIB) is actively working towards reducing its carbon emissions. ADIB is firmly dedicated to aligning with the national plans and visions of the UAE, including the UAE’s Net Zero 2050 roadmap, Climate Change National Plan, and the National Green Economy for Sustainable Development. In terms of carbon emissions, ADIB has made progress in reducing its greenhouse gas (GHG) emissions. The report shows a decreasing trend in both scope 1 and scope 2 emissions compared to the previous year. In 2022, ADIB witnessed a 14.0% decline in total greenhouse gas (GHG) emissions compared to 2021, marked by reductions in both direct and indirect emissions by 8.6% and 14.1%, respectively. In 2022 Scope 1 emissions, which include direct emissions, decreased from 409.0 tCO2e (2020) to 297.9 tCO2e and Scope 2 emissions, which include indirect emissions from purchased electricity, decreased from 22,089 tCO2e (2020) to 17,268.9 tCO2e. The GHG emissions intensity per employee has decreased to 8.15, down from 11.04 in 2021.

ADIB has taken several steps to reduce its emissions and achieve its net-zero targets. The bank has implemented a recognized energy management system called the ADIB BMS System. It is also planning to release a formal Environmental Policy in 2023. ADIB has received various certifications and awards for its sustainability efforts, including the Gold LEED Award from the US Green Building Council and ISO certifications for Occupational Health and Safety and Quality Management System.

To further reduce emissions, ADIB plans to build ESG organizational capabilities, update ESG-related policies, and adopt global ESG standards. The bank also aims to integrate ESG analysis into its financing and investment products and portfolios. Additionally, ADIB is committed to engaging with customers to accelerate their transition towards sustainability and incorporating ESG considerations in vendor sourcing.

In conclusion, ADIB is actively working towards achieving its net-zero targets and reducing its carbon emissions. The bank has implemented various measures, including the use of an energy management system and the adoption of sustainable practices. ADIB's efforts have resulted in a decrease in both scope 1 and scope 2 emissions. The bank aims to further strengthen its ESG footprint, upgrade its product range, and transition to a low-carbon future.

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