Home Editors pick National Bank of Fujairah leading by example on sustainability

National Bank of Fujairah leading by example on sustainability

NBF’s strong performance and record levels of activity delivered a solid turnaround supported by robust capital adequacy and sound improvement in asset quality

National Bank of Fujairah (NBF) is putting sustainability at the heart of its Environmental, Social and Governance (ESG) agenda, taking decisive action both externally and internally to reduce its impact on the planet, and empowering individuals and communities across the UAE to do the same.

NBF’s retail business is already assisting its customers make the sustainable choice, by offering innovative, greener products and services. These include green personal loans and automotive loans for owners of fuel-efficient, eco-friendly cars.

NBF has also looked inwards, however, as it seeking to reduce its carbon footprint and mitigate its environmental impact. The installation of solar water heaters across its branches has resulted in energy savings of 960,000 KWH and a reduction of C02 emissions by 800,000kgs. Other green initiatives taken across NBF’s offices include installing solar panels to supply electricity, as well as solar-powered signage, replacing standard lighting with sensor-activated LED lights, and introducing recycling centres, electric car parking, and eco-friendly stationery made from wheat straw.

“Sustainability is a key priority for us, and we are happy to back our words with action, by allocating resources towards initiatives that expand and accelerate the adoption of sustainable practices” said Hassan Ibrahim Saadi Al Rais, Chairman of the Corporate Social Responsibility Committee, and Head of Govt. & Liability Management, Wholesale Banking Group at NBF.

NBF is now in the eighth year of its partnership with Emirates Nature-WWF, supporting conservation and survey work in the environmentally-sensitive Hajar Mountains through donations received in-branch. NBF has also partnered with Emirates Environmental Group (EEG) and Dubai Chamber Sustainability Network on campaigns to encourage recycling and reuse.

NBF actively supports the UAE Energy Strategy 2050 to transform the national economy to include more green initiatives, and its ESG agenda aligns with the sustainability pillars of the UAE’s Ministry of Climate Change and Environment.

More detail on NBF’s CSR initiatives can be found in ‘Embracing Sustainability’, its latest Corporate Social Responsibility and Sustainability Report at: https://bit.ly/3ci0xws