Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank (ADIB), a financial intermediation services provider headquartered in the UAE, reported total carbon emissions of approximately 13,917,000 kg CO2e in 2024. This comprised 190,820 kg CO2e from Scope 1 emissions, 12,905,890 kg CO2e from Scope 2 emissions, and 253,000 kg CO2e from Scope 3 emissions. Notably, Scope 3 included 347,000 kg CO2e from business travel and 385,930 kg CO2e from waste generated in operations for 2024.

Looking back, ADIB's total emissions in 2023 were approximately 13,933,000 kg CO2e, with 523,000 kg CO2e from Scope 1, 13,310,000 kg CO2e from Scope 2, and 100,000 kg CO2e from Scope 3. In 2022, the bank's total emissions were around 13,917,000 kg CO2e, including 1,479,000 kg CO2e from Scope 1, 12,367,000 kg CO2e from Scope 2, and 71,000 kg CO2e from Scope 3 (with 7,840 kg CO2e attributed to investments).

ADIB has set significant climate commitments. It aims to achieve net zero operational emissions by 2050, aligning with the UAE's Net Zero 2050 strategic initiative. Furthermore, ADIB targets a 39% reduction in Property Emissions Intensity (PEI) by 2030, specifically aiming for a decrease to 35 kg CO2e/m² by that year. ADIB Egypt, a related entity, has also committed to an absolute emissions reduction target of 42% for Scope 1 and Scope 2 emissions by 2030, with 2022 as the baseline.