The report highlights FAB's commitment to sustainability, including their progress towards achieving net zero emissions by 2050. The company has set targets against their highest emitting sectors, become the first bank in the MENA region to adopt the TCFD Disclosure recommendations, and published the corresponding report. The report also showcases FAB's social responsibility initiatives, including their support for SMEs, their commitment to diversity and inclusion, and their community engagement efforts. In addition, FAB announced their collaboration with the SME Climate Hub, highlighting the necessity of driving deeper action and engagement with SMEs to ensure their businesses remain resilient in a net zero future. FAB's efforts to support the transition to a low-carbon and sustainable economy are in line with the UAE's broader sustainability goals.
