Abu Dhabi Islamic Bank (ADIB) has mobilised $4.7bn in sustainable finance by the end of 2024, advancing toward its $16bn target by 2030. The update was detailed in ADIB’s 2024 Sustainability Report, which outlines progress on ESG governance, climate alignment, and inclusive growth aligned with the UAE’s Net Zero 2050 strategy.
The report marks a regional milestone, with ADIB becoming the first Islamic bank to set interim 2030 financed emissions targets for six high-emission sectors, including real estate, utilities, and home finance.
ADIB also conducted a double materiality assessment under European Sustainability Reporting Standards (ESRS), evaluating the financial and societal impact of its operations.
Gulf Economist Staff Writer