Abu Dhabi: The Abu Dhabi Commercial Bank PJSC (ADCB) has signed the UAE Climate-Responsible Companies Pledge with the Ministry of Climate Change and Environment (MOCCAE). The pledge reaffirms the company’s commitment to supporting the UAE’s climate agenda and Net Zero by 2050 Strategic Initiative.
The pledge, which was signed at Abu Dhabi Sustainability Week, is in accordance with ADCB’s board-approved sustainability strategy and complements the bank’s existing efforts to embed best ESG practices across its operations and decision-making.
Mr. Richard Hirst, Head of Sustainability at ADCB, commented on the signing that “as a responsible organisation, ADCB is fully committed to supporting the great strides that the UAE is making in the global fight against climate change. We are actively pursuing partnerships and opportunities to accelerate our efforts and support our clients in the shared journey towards a carbon-neutral environment.”
“The UAE Climate-Responsible Companies Pledge that the Ministry of Climate Change and Environment is leading is a significant initiative that will help catalyse the private sector to increase its contribution towards the UAE national climate agenda,” Mr. Hirst further added.
As part of the pledge, ADCB is committed to a set of relevant strategies that will accelerate and deepen its contribution to the UAE Net Zero by 2050 Strategic Initiative.
The strategies include the development and disclosure of an ambitious science-based plan to reduce the bank’s carbon footprint. This will improve existing greenhouse gas emissions reporting, and ADCB will work closely with the UAE government as well as other relevant stakeholders to implement these plans.