First Abu Dhabi Bank Sustainability Profile
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 59 is higher than 76% 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 2024, First Abu Dhabi Bank (FAB) reported total carbon emissions of approximately 37,761,000 kg CO2e. This figure includes Scope 1 emissions of about 6,201,000 kg CO2e, Scope 2 emissions of around 29,881,000 kg CO2e, and Scope 3 emissions of about 5,085,000 kg CO2e. This represents a decrease from 2023, where total emissions were approximately 40,671,000 kg CO2e, with Scope 1 at about 6,693,000 kg CO2e, Scope 2 at around 32,522,000 kg CO2e, and Scope 3 at about 4,785,000 kg CO2e. 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, FAB has achieved a significant reduction in its absolute Scope 1 emissions, reporting a 38% decrease compared to the 2019 baseline. Additionally, the bank has noted an 11% reduction in total absolute emissions against the same baseline. The emissions data is sourced directly from First Abu Dhabi Bank P.J.S.C. and reflects the bank's ongoing commitment to sustainability and climate action within the financial sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 963,500 | 0,000,000 | 0,000,000 | 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 | 00,000,000 |
| Scope 3 | 6,369,300 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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First Abu Dhabi Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
First Abu Dhabi Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
