Global Arab Network | National Bank of Abu Dhabi - First UAE bank publishes sustainability report

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National Bank of Abu Dhabi - First UAE bank publishes sustainability report

Global Arab Network - - Mohammed Almasri

Thursday, 15 July 2010 14:55

The National Bank of Abu Dhabi (NBAD), has prepared its 2009 Sustainability Report becoming the first UAE bank to publish an annual sustainability report.

NBAD's 2009 Sustainability Report, available on the Bank's website, is a baseline report of the Bank's sustainability performance and sets out commitments on how the bank will become a sustainability leader.

The 2009 Sustainability Report aligns to NBAD's commitment to transparency and defines its journey to become a sustainable company. In reporting and transparency, NBAD meets the Global Reporting Initiative (GRI) Application Level B which is based on the number of GRI indicators that have been included in the report.

"I am proud that NBAD is the first UAE bank and among a short list of international companies that have taken the critical step to produce a sustainability report," said Michael Tomalin, NBAD's Group Chief Executive. "As a global bank we not only seek international business but we devote resources to create a positive impact for the world. Our vision is to be the Number One Arab Bank and so we go the extra distance to be a model institution." NBAD has adopted sustainability as a key strategic objective. "We believe that sustainable and responsible practices serve society and also contribute to increased productivity, efficiency, and profitability," Tomalin said. "To this end, NBAD has undertaken initiatives to reduce paper usage, increase energy conservation and invest more on training our workers and in programmes that encourage healthier lifestyles. Together, all of these initiatives will have a multiplier effect on our bottom line.

NBAD is one of the founding members of the Abu Dhabi Sustainability Group (ADSG), which was founded in 2008 by 15 government entities, private companies and not-for-profit organisations to promote sustainability management within their companies and to support Abu Dhabi's development. As a founding member of ADSG, NBAD will play a key role in the nation's long-term sustainability efforts.

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