ADCB Egypt Leads the Way in Sustainable Banking: Releases 2022 ESG Report

Ihab ElSewerky, the Managing Director & CEO at Abu Dhabi Commercial Bank said:"I am pleased to present ADCB Egypt's 2022 second ESG report reflecting on an eventful year for our Bank, filled with remarkable achievements and inspiring progress.

 Our commitment to Environmental, Social, and Governance (ESG) principles remains persistent as we continue to drive positive change in our operations and the communities we serve.

In 2022, ADCB Egypt was recognised as one of the fastest-growing banks in Egypt, and sustainability is a crucial factor in maintaining this position. Thus, we understand that sustainability is not just a goal but a journey that requires continuous effort and dedication.

He continued :" We also recognize the inextricable relationships between environment, communities, public policy, economic growth and financial inclusion.

 The Bank is therefore adopting a holistic approach to ESG and is embedding sustainability in the corporate strategy.

In this context, we are active on the 4 pillars of the Group's approach to ESG. For the Climate, we are aligning our work with the CBE's Sustainable Finance principles, requirements and initiatives. As a financial institution, we recognise the importance of a transition to a net-zero economy and are committed to proactively managing our influence on the environment, both in our operations and lending portfolio.

We aim to help corporations and SMES transition to a low-carbon economy with environmental and social risk management to be integrated into the credit decision making process. In addition, we are proud to report on our 2nd GHG emissions for FY2022 and we are considering our decarbonisation plan in motion."