Dubai: Emirates NBD has signed the Climate-Responsible Companies Pledge, initiated by the UAE Ministry of Climate Change and Environment.
The Group is one of the 15 signatories in the UAE’s seventh cohort to commit to the pledge, undertaking carbon emission reduction goals, and adopting sustainable practices in their operations. These commitments align with the UAE’s timeline for achieving climate neutrality by 2050.
The pledge was made at the launch of the 11th National Dialogue for Climate Ambition organized by the Ministry under the slogan ‘Accelerating the Shift; Decarbonizing Ground Mobility’ in collaboration with Emirates Driving Company.
The initiative further coincides with the UAE’s Year of Sustainability as the Emirate of Dubai prepares to host the Conference of the Parties (COP28) meetings this year.
As a leading local banking group, sustainability is embedded into our culture, operations, and strategy and supports all strategic decision-making at the Group. The pledge signing further solidifies our commitment to supporting the UAE’s decarbonization efforts and is closely aligned with the Group’s sustainability framework.
Mr. Vijay Bains, Group Chief Sustainability Officer and Group Head of ESG at Emirates NBD, shared.
“As the UAE prepares for COP28 this year, we look forward to innovative collaborations with other private sector companies and government entities in our effort to mitigate climate change,” Mr. Bains added.
The pledge commitments include organizations stepping up their collective efforts to combat climate change by measuring and reporting their greenhouse gas (GHG) emissions transparently, promoting ambitious science-based plans to reduce their carbon footprint, and sharing these plans with the UAE government to contribute to achieving the national net-zero target by 2050.