FAB Becomes the First UAE Bank to Sign up to UN Global Compact

Press release
Published November 28th, 2017 - 09:44 GMT
FAB has agreed to align its strategies and operations with UNGC’s 10 Principles.
FAB has agreed to align its strategies and operations with UNGC’s 10 Principles.

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, is the first UAE bank to become a signatory to the United Nations Global Compact (UNGC) - a UN policy initiative encouraging businesses worldwide to adopt sustainable and socially responsible policies.

The UN Global Compact is the world's largest corporate social sustainability initiative with over 12,000 signatories across 170 countries. By signing the UN Global Compact, FAB has agreed to align its strategies and operations with UNGC’s 10 Principles – which encompass human rights, labour, the environment and anti-corruption – and take actions that advance societal goals.

The 10 UNGC principles are aligned with the UN’s Sustainable Development Goals (SDGs), which apply to all countries. The UAE released its first State of Sustainability Report in 2016 which set out goals to meet the 17 SDGs, ranging from eradicating poverty and improving education to providing clean water for all. 

Belinda Scott, Head of Corporate Sustainability at FAB, said: “We are proud to be a signatory to the UN Global Compact, which emphasises our dedication to implementing responsible business practices and supporting the UAE’s commitments to green growth and sustainability. In line with our three pillars of sustainability – people, planet and profit – we have achieved significant milestones in creating social, environmental and economic value for our stakeholders, successfully establishing the bank as a regional leader in sustainability. Joining the UNGC is an extension of our ongoing commitments to transparency and maintaining high ethical standards across everything we do.”

She continued: “FAB’s sustainability strategy is already based on implementing progressive practices and embedding a strong sustainability culture throughout the organisation, and we are pleased to be playing our role in fostering development across the globe and driving change towards a more sustainable future.”

Reflecting FAB’s commitment to address climate change and reduce its climate impact, the bank emerged as the highest scoring UAE financial institution for its latest climate change response to global environmental disclosure platform, CDP (formerly the Carbon Disclosure Project), achieving an A- ranking for 2017.

The organisation was also the first bank in the UAE to adopt the Equator Principles – the global best practice in environmental and social risk management for major capital projects, and launched the MENA region’s first green bond this year.

Additionally, the bank was one of the initial signatories of the ‘Dubai Declaration on Sustainable Financing’ in conjunction with the UAE Ministry of Climate Change and Environment, which cements the UAE banking sector’s commitment to promoting sustainable business.

FAB is continuing to build on its strong sustainability legacy since the merger earlier this year. FAB is proud to carry the legacies of two of the UAE’s leading financial institutions, as the bank celebrates its joint identity and vision to grow stronger.

Background Information

First Abu Dhabi Bank

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

توقيف 41 شخصا في مظاهرات الجزائر

Published February 23rd, 2019 - 09:07 GMT
توقيف 41 شخصا في مظاهرات الجزائر
توقيف 41 شخصا في مظاهرات الجزائر

أعلنت المديرية العامة للأمن الوطني (الشرطة) الجزائرية، مساء الجمعة، توقيف 41 شخصا في مظاهرات شهدتها عدة مدن ضد ترشح الرئيس عبد العزيز بوتفليقة لولاية خامسة في انتخابات 18 أبريل/ نيسان القادم.

وأكدت إدارة الشرطة في بيان اطلعت عليه وكالة الاناضول أن عمليات التوقيف كانت بسبب “الإخلال بالنظام العام والاعتداء على القوة العامة وتحطيم الممتلكات” دون تقديم تفاصيل أكثر حول أماكن توقيف هؤلاء المتظاهرين.

والجمعة، استجاب آلاف المواطنين بعدة محافظات جزائرية، إلى دعوات للتظاهر تم تداولها عبر شبكات التواصل، ضد ترشح بوتفليقة (81 عاما) لولاية خامسة في انتخابات الرئاسة المقررة في 18 أبريل/ نيسان القادم.

واتسمت هذه المظاهرات بالسلمية في أغلب مناطق البلاد باستثناء حدوث مواجهات بين قوات مكافحة الشغب ومتظاهرين بوسط العاصمة خلال محاولتهم السير نحو القصر الرئاسي .

ووفق شهود عيان لجأت قوات الأمن إلى الغاز المسيل للدموع وتوقيف عدة أشخاص بعد تحذيرات للمتظاهرين وتعرضها للرشق بمقذوفات وحجارة قبل أن يتراجع المحتجون ويغادروا المكان.

وصبيحة اليوم نشر ناشطون معلومات عبر شبكات التواصل الاجتماعي حول توقيف عدد من زملائهم قبل بداية المظاهرات بالعاصمة.

وعلقت الرابطة الجزائرية للدفاع عن حقوق الإنسان (مستقلة) على بيان الشرطة بالمطالبة ب”الإفراج الفوري عن الموقوفين وان يتم احترام حق التظاهر سلميا” كما نشرت على صفحتها بموقع “فيسبوك”.


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