First Abu Dhabi Bank
First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, is headquartered in Abu Dhabi. Established in 2017 through the merger of First Gulf Bank and National Bank of Abu Dhabi, FAB has rapidly positioned itself as a leader in the banking industry, serving both retail and corporate clients across the UAE and internationally. FAB offers a comprehensive range of financial services, including personal banking, corporate banking, investment solutions, and wealth management. Its innovative digital banking platform sets it apart, providing customers with seamless access to banking services. With a strong focus on customer experience and sustainability, FAB has achieved numerous accolades, reinforcing its status as a trusted financial partner in the region.
DitchCarbon Score
How does First Abu Dhabi Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
First Abu Dhabi Bank's score of 49 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Abu Dhabi Bank's reported carbon emissions
In 2023, First Abu Dhabi Bank (FAB) reported total carbon emissions of approximately 40,671,000 kg CO2e. This figure includes Scope 1 emissions of about 5,637,000 kg CO2e, Scope 2 emissions of approximately 32,522,000 kg CO2e, and Scope 3 emissions of around 2,512,000 kg CO2e. Compared to 2022, when total emissions were about 44,853,000 kg CO2e, FAB achieved a reduction of approximately 9.5%. FAB has set ambitious climate commitments as part of its Net-Zero Banking Alliance (NZBA) pledge, aiming for net-zero operations by 2030. This target encompasses both Scope 1 and Scope 2 emissions, as well as operational Scope 3 emissions. Notably, the bank has reported a significant 38% reduction in absolute Scope 1 emissions since 2019, alongside an 11% decrease in total absolute emissions against the same baseline. These initiatives reflect FAB's commitment to sustainability and its proactive approach to addressing climate change, aligning with industry standards and expectations for corporate responsibility.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 963,500 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 53,676,440 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,369,300 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
First Abu Dhabi Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
