Emirates NBD receives official Gold Impact Seal for sustainability strategy

Emirates NBD receives official Gold Impact Seal for sustainability strategy

2 Min | 01 December 2023
  • Remarkable achievement reflects Emirates NBD’s commitment towards deeply embedding sustainability in its operations, culture, and leadership

Dubai, UAE, 8 December 2023: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has been awarded the official Gold Impact Seal by Majra, the National CSR Fund, in appreciation of the bank’s commitment towards deeply embedding sustainability into the company’s culture, leadership and operations.

The Impact Seal is the official federal recognition that certifies, measures and rewards entities in the UAE with leading Sustainable Impact practices aligned with Environmental, Social, and Governance (ESG) criteria, the UN Sustainable Development Goals and national priorities. It aims to promote a uniform standard for Sustainable Impact, CSR and sustainability by which entities can authenticate, verify, recognise and enhance their methods and practices.

According to the feedback report by the federal entity, the areas of excellence that raised Emirates NBD’s overall score included: numerous activities that made banking facilities accessible to everyone including the bank’s ‘Disability Friendly Branch’ project for accessible and inclusive banking services, disability etiquette training, excellent initiatives for employee wellness, and several training and skill development programmes for UAE Nationals.

As a socially responsible bank, Emirates NBD is firmly committed to its ESG programmes and furthering sustainable development goals. The Gold Impact Seal reflects Emirates NBD’s endeavour to forge meaningful sustainability and innovation focused collaborations with other private sector companies and government entities to mitigate climate change. Further, the accolade is a reflection of Emirates NBD’s efforts to continuously push the boundaries of innovation to introduce distinctive, world-class banking experiences that support the financial needs of Emiratis, as well as reinforces Emirates NBD’s commitment to accelerate innovation and empower local talent and entrepreneurial growth in the region.

Vijay Bains, Group Chief Sustainability Officer and Group Head of ESG at Emirates NBD, said: “Emirates NBD is delighted to be awarded the Impact Seal in recognition of our sustainability strategy. As one of the leading financial institutions in the UAE, a central theme of Emirates NBD’s corporate mission is to conduct all banking services in a responsible and sustainable manner and a way which has a positive impact on its customer base. Furthering our sustainable development goals, Emirates NBD has firmly committed to aligning ourselves with the UAE’s Net Zero 2050 initiative to lead the country into becoming a truly sustainable, knowledge-based economy.”

The bank recently launched its Sustainable Finance Framework, allowing for access to ESG-linked finance in alignment with the 28th edition of the United Nations Climate Change Conference’s (COP28) pledge to unleash finance for climate change. Emirates NBD Group is the Principal Banking Partner for COP28, being held in November this year in Dubai, UAE and a key contributor to the UAE’s Sustainability agenda. The Group was among the latest cohort to sign the UAE Climate-Responsible Companies Pledge initiated by the UAE Ministry of Climate Change and Environment, in support of the UAE’s Net Zero 2050 Initiative.

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