Abu Dhabi Islamic Bank (ADIB), has become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
The Principles are the leading framework for ensuring that banks’ strategies and practices align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks who have signed the Principles commit to being ambitious in their sustainability strategies, working to mainstream and embed sustainability into the heart of their business, while allowing them to remain at the cutting-edge of sustainable finance.
ADIB recognises the urgent need for global action in addressing key challenges such as climate change, nature loss, pollution, and social issues. This strategic step aligns well with the bank’s ongoing efforts to champion environmentally conscious initiatives and underscores its dedication to adopting sustainable business models. ADIB’s sustainable finance framework is designed to embed sustainability via structured criteria for assessing the quality of projects from a sustainability standpoint.
Source: Zawya
