Sustainability Our Approach to Sustainability

In alignment with the UAE’s commitment to Sustainable Development Goals, our sustainability strategy has been developed in collaboration with our stakeholders. The new ESG framework is now a core pillar of our overall corporate strategy – strengthening our business resilience and operational practices.

Our strategic framework

Climate

Climate

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Customers and Communities

Customers and Communities

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Employees

Employees

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Governance

Governance

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The enablers for success

Selected list category

ESG governance and policies

Our Group Sustainability Policy covers the general principles and commitments of our Group sustainability strategy. We now have a dedicated Group Sustainability Committee (GSC), composed of members from ADCB’s executive team. The GSC is responsible for ensuring that the sustainability strategy is implemented as per the Sustainability governance framework and provides an oversight of ESG risks and opportunities across the entire Group.

ESG governance and policies open

Materiality

We have identified several ESG topics that were prioritised as material to ADCB and our stakeholders, and we have put these at the heart of our sustainability strategy. Performance and progress in these areas are disclosed in our ESG reports and other channels of communication.

Materiality open

Stakeholder management and communications

We consider our stakeholders to include customers, employees, investors, government, and regulators. Through continuous and open dialogue with our stakeholders, we have a clear understanding of their expectations around our economic, social, and environmental impacts. Our extensive stakeholder engagement has helped to identify the most material ESG topics and we have incorporated these into our sustainability strategy and disclosures.

Stakeholder management and communications open

Targets, KPIs and rewards

Within our performance management framework, executive remuneration is now linked with sustainability KPIs, including delivering sustainability strategy milestones, Emiratisation targets, customer NPS and organisational health milestones.

Targets, KPIs and rewards

Training and upskilling

Our ESG training plan covers three levels:

Foundation (Standardised Awareness): Introductory training for all levels of employees, including ESG content within ADCB Induction Program for all new employees, and mandatory ESG e-learning for all staff

Advanced (ESG mastery): Role-specific trainings across departments, executive management/Board-level ESG masterclass on specific topics such as climate change

Culture (Embedding ESG in ADCB’s DNA): Plans include continuous engagement with our employees on sustainability topics

Read more on our wider employee training programmes here
Training and upskilling

External partnerships and commitments

Our existing external partnerships include the following:

The UAE Sustainable Finance Declaration Working Group convened by Abu Dhabi Global Markets (ADGM). This includes updates and engagement from the three Working Groups set up by the UAE Government at COP26: disclosures/taxonomy/governance

The UAE Banking Federation (UBF) issues sustainability-related surveys and hosts conferences. The UBF has approached ADCB to review its ESG strategy and Chair a new ESG Working Group

We are a participant of the Abu Dhabi Sustainability Group (ADSG). This forum, convened by the Government Environment Agency, promotes sustainability learning and knowledge-sharing opportunities for government, private companies and not-for-profit organisations in Abu Dhabi

Executive Banking ThinkTank: We participate in Executive Banking ThinkTank, an ESG-focused procurement forum to promote and share ideas between major financial institutions

We are currently in the process of evaluating additional external partnerships on ESG topics as per our strategic priorities.

External partnerships and commitments

Reporting and disclosures

ADCB is committed to transparent disclosure of ESG performance in line with global standards and regulatory requirements, including those set by UAE Securities and Commodities Authority (SCA) and Abu Dhabi Securities Exchange (ADX). Our disclosure is also in line with international GRI Standards and Sustainability Accounting Standards Board (SASB). To ensure accuracy of our disclosures, we have identified data custodians across the group, who are responsible for the management of non-financial information as per ADCB’s basis of reporting and Data Management Strategy. We adopt an internal review and approval process as part of our approach to ensure the quality and accuracy of reported data and management information. Selected metrics are verified by a third-party assurance provider.

To ensure accuracy of our disclosures, we have identified data custodians across the group, who are responsible for the management of non-financial information as per ADCB’s basis of reporting and Data Management Strategy. We adopt an internal review and approval process as part of our approach to ensure the quality and accuracy of reported data and management information. Selected metrics are verified by a third-party assurance provider.

Find all our reporting and disclosures here.
Reporting and disclosures

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