First Abu Dhabi Bank · ADX:FAB
First Abu Dhabi Bank — ESG Presentation (June 2023)
13 slides from First Abu Dhabi Bank's sustainability presentation, June 2023
Slide 1: ESG Investor Update
ESG Investor Update June 2023
Slide 2: Acting as a Regional Pacesetter by embedding ESG in everything we do
Acting as a Regional Pacesetter by embedding ESG in everything we do Transforming Transitioning Capitalising on our Governance Model to a Low Carbon Future our Social Responsibility We are committed to the highest standards To become the sustainable To expand access to financial services for all – i
Slide 3: We are the first bank in the GCC to commit to UN-led objectives
We are the first bank in the GCC to commit to UN-led objectives • First bank in GCC to join the Net Zero Banking Alliance, • First bank in GCC to become signatory to UN Principles in October 2021 for Responsible Banking, in October 2021 • Joined Partnership for Carbon Accounting Financials • In 2023
Slide 4: Transforming our Governance Model
Transforming our Governance Model • Committed to the highest standards of corporate Key facts and figures governance, business integrity and professionalism in all our activities. Established a Board • ESG is embedded into our corporate governance framework and processes, ensuring appropriate oversi
Slide 5: Transitioning to a Low Carbon Future
Transitioning to a Low Carbon Future • FAB recognizes importance of transitioning to a low carbon economy, given the detrimental impacts of climate change to our earth, society, and the economy. Efforts are driven by FAB’s commitment to becoming a leading sustainable institution in MENA. • As a regi
Slide 6: Capitalising on our Social Responsibility
Capitalising on our Social Responsibility • Committed to supporting our customers, employees and communities. • Social pillar ‘Capitalising on our Social Responsibility’ incorporates several key topics, including learning and development, talent attraction and retention, diversity and inclusion (D&I
Slide 7: FAB is growing… and reducing its carbon footprint
FAB is growing… and reducing its carbon footprint Development in total amount in CO2 equivalents in tCO2e Intensity per FTE 50,000 9. 8.5 7,601 8. 37,500 2,508 7.5 4,827 3,515 7. 25,000 6.5 28,538 6. 33,543 28,433 5.5 28,797 12,500 5. 4.5 9,092 631 2,618 3,011 4. '- 2019 2020 2021 2022 2019 2020 202
Slide 8: FAB's roadmap to become net zero for scope 1 and 2 by 2030
FAB’s roadmap to become net zero for scope 1 and scope 2 by 2030 88% carbon abatement by 2030 in the proposed scenario UAE Carbon trajectory Main drivers of carbon emissions reduction 35 Office efficiency improvements 30 ktCO2e Renewable energy 25 Scope 2 Gross emissions 20 Net Zero SCENARIO Lower e
Slide 9: A 5-step approach to developing FAB's Net Zero program
A 5-step approach to developing FAB’s Net Zero program 1 2 3 4 5 Baseline estimation Key Client Financed Emission Target Setting Business Implications and internal review engagement Baseline Validation • Scope defined to include • ESG questionnaires rolled • Absolute emissions and • IEA NZE 2050 ref
Slide 10: 2030 interim carbon emissions reduction targets set across three highest emitting sectors
2030 interim carbon emissions reduction targets set across three highest emitting sectors Reduction targets in line with the International Energy Agency’s (IEA) Net Zero Emissions (NZE) reference scenario Oil & Gas Power Generation Aviation -7 / -15% -64% -15% reduction in intensity by 2030 (MtCO2e/
Slide 11: Our net zero journey and roadmap
Our net zero journey and roadmap USD 36bn of sustainable financing between 2014 and 2020 11
Slide 12: FAB has facilitated USD 14.2 billion to environmental and socially responsible activities since 2022
FAB has facilitated USD 14.2 billion to activities focused on environmental and socially responsible solutions since 2022 FAB’S Progress towards the sustainable finance target of USD 75 billion by 2030: Key products and services launched in 2022: 19% 81% • Launched a Sustainable Supply Chain financi
Slide 13: Thank you!
Thank you! For more information, please visit www.bankfab.com or contact: FAB Sustainability: ESG@bankfab.com FAB Investor Relations: ir@bankfab.com Click on the image to access latest reports 2022 ESG Summary Pathway to Net Zero Sustainable Finance Report 2022 Annual Report 2022