Daily CSR
Daily CSR

Daily CSR

Daily news about corporate social responsibility, ethics and sustainability


NBAD’s Strife Towards ‘Being A Good Corporate Citizen’



09/28/2016

NBAD’s report for 2015 shows a fruitful year for the bank.


Dailycsr.com – 27 September 2016 – The corporate sustainability report of NBAD for the year of 2015 has been published under the title of “Being a Good Corporate Citizen”, whereby the same provides the details of the progresses made by NBAD during the calendar year of 2015.
 
Mainly the report focuses on the fruitful implementations of the “corporate citizenship strategies” those were undertaken by the Bank in line of its “long term ambition” which is to be a leader among its peers in taking actions especially in those areas which “have global significance” as well as “local relevance”.
 
Among the rest NBAD possesses “two significant ambitions” which are related to the “future of energy” and “SME advocacy”, while the bank wants to continue to exhibit “strong performance” as a practitioner of responsible banking which involves its “core operations”. Moreover, the strategies undertaken by NBAD is in line with the “strategic plans” of UAE for generating “growth” besides diversifying the economy; yet retaining a “focus on decarbonising the economy and diversifying energy supplies”.
 
In fact, ReportAlert informs that the year of 2015 has been significant for NBAD in its progress of “sustainability initiatives”. Here are some of the highlights of the report, as mentioned by Ethical Perfomace:
  • Becoming the first bank in the UAE to sign the Equator Principles.
  • Establishing a team dedicated to promoting sustainable business, the first of its kind amongst regional banks.
  • Committing to lend, invest and facilitate a total of US$ 10 billion over the next 10 years towards the global growth of sustainable business.
  • Creating the NBAD SME Academy to deliver skills-building workshops for SMEs.
  • Publishing the ‘Financing the Future of Energy’ Report, which highlights developments in the renewable energy sector and explores opportunities for banking and financial sectors to meet global energy investment requirements.
  • Being the only bank in the region to submit data on greenhouse gas (GHG) emissions to CDP (formerly the Carbon Disclosure Project)
  • Ranking third in the Standard & Poor’s Hawkamah ESG Pan Arab Index and consistently being one of the top 10 organisations listed on the index since its launch.
  • Receiving the CSR Label for the fourth year from the Dubai Chamber of Commerce & Industry Centre for Responsible Business, based on performance in sustainable business practices.
 
 
 
 
 
References:
ethicalperformance.com