Dubai: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, has partnered with Microsoft to drive digital transformation in its sustainability operations.
The collaboration aims to successfully implement Microsoft Sustainability Manager, a Microsoft Cloud for Sustainability solution.
Emirates NBD is one of the first banks in the region to successfully integrate Sustainability Manager into its sustainability journey. It will drive efficiencies by engaging on all horizons, including core banking business, sustainability data visualization, and transformation, simultaneously.
The implementation continues the bank’s ongoing collaboration with Microsoft to enable focused advancement of sustainability goals through knowledge sharing, collaborative frameworks, and the development of future commitments.
Sustainability Manager is an extensible solution that unifies data intelligence and provides comprehensive, integrated, and automated sustainability management for organizations at any stage of their sustainability journey. It automates manual processes, enabling organizations to efficiently record, report, and reduce their emissions and water or waste impacts.
The initiative is an additional step towards fulfilling Emirates NBD’s vision to be the most innovative bank for its customers, people, and communities. Emirates NBD’s sustainable and responsible business practices have had a direct, meaningful impact on the communities it serves, and the bank continues to lead the way in building more inclusive and empowered communities.
Emirates NBD took the lead in the region in offering carbon futures trading, fulfilling growing demand from corporations to manage their carbon emissions offsetting and aligning with the UAE’s Net Zero 2050 action plan.
Mr. Sherif Tawfik, Chief Sustainability Commercial Officer at Microsoft, remarked that, “We are happy to collaborate with Emirates NBD to drive digital transformation in their sustainability operations. The successful implementation of Microsoft Sustainability Manager will enable Emirates NBD to efficiently record and report their emissions and ultimately contribute to achieving their sustainability targets.”
As a leading local bank, Emirates NBD was among the latest cohort to sign the UAE Climate-Responsible Companies Pledge initiated by the UAE Ministry of Climate Change and Environment, in support of the UAE’s Net Zero 2050 Initiative.