Emirates NBD has partnered with BeZero Carbon, a global carbon ratings agency, to enhance due diligence on carbon projects offered to customers seeking voluntary emissions offsets.
The collaboration aligns with Emirates NBD’s commitment to providing high-quality solutions in the developing Voluntary Carbon Market.
By accessing BeZero Carbon’s comprehensive, independent, and science-based risk assessments, Emirates NBD will strengthen customer confidence in the quality of carbon credit investments.
The partnership is particularly timely as the integrity of offsetting actions and the quality of underlying projects are increasingly important.
“We are committed to driving significant change by supporting clients’ growth towards more environmentally friendly financial practices and continuously improving our capabilities. Our partnership with BeZero Carbon enables customers to fulfil their sustainable investment objectives by ensuring that every solution offered has been thoroughly vetted and verified,” said Vijay Bains, Chief Sustainability Officer and Group Head of ESG at Emirates NBD.
Emirates NBD is well-positioned to address the growing demand from corporations seeking to manage their carbon emissions and align with the UAE’s Net Zero by 2050 strategic initiative.
“We are delighted to announce this partnership with Emirates NBD. As companies across the region look to enter carbon markets, the value of carbon ratings becomes increasingly important. BeZero Carbon is proud to offer the tools necessary to build trust and transparency, helping businesses in the UAE drive effective climate action,” said Tommy Ricketts, CEO and Co-founder of BeZero Carbon.
The bank can offer customers the opportunity to identify and procure high-quality carbon credits globally, leveraging its local partners’ expertise and resources.
