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The National Bank of Abu Dhabi (NBAD) has published its 2010 Annual Sustainability Report.
"This marks the second year that we have reported our sustainability performance and serves as a proof of NBAD’s commitment to becoming one of the leading sustainable banks in the region," says Abdulla M.S. AbdulRaheem, the Group Chief Operating Officer at NBAD. "Publishing the Annual Sustainability Report allows us to evaluate our processes and procedures and provides us the opportunity to strategise improvements. At the same time, it serves as a medium for transparency and accountability to our stakeholders." In line with the Bank’s sustainability strategy, only the Executive Summary has been printed, and this on 100% recycled paper. Titled "Holding Ourselves Accountable." the full Sustainability Report is only available online.
"NBAD’s Corporate Sustainability and Responsibility strategy seeks to serve two objectives: one is to enhance efficiency to facilitate greater return on investment for NBAD’s shareholders; the other is to position NBAD’s strong, and highly regarded profile to serve as an example for the wider society to adopt a sustainable and responsible attitude," says Sally Paterson, the Head of Business Planning and Strategy at NBAD.
NBAD Sustainability Report 2011 addresses the Bank’s progress from last year on environmental, social and economic issues most material to its business such as reducing water consumption by 22% in UAE operations; engaging suppliers to assess their own labour policies; signing an MoU to launch a socially conscious fund; and achieving Emiratisation of 39%. The reporting includes data and activities from NBAD Group businesses in the United Arab Emirates (UAE) and covers the financial year ending 31 December 2010.
"The Sustainability Report measures our success in achieving our goals and allows us to be transparent with all our stakeholders," says Belinda Scott, the Senior Manager Corporate Sustainability and Responsibility (CSR) at NBAD. "Sustainability is critical to NBAD because this Bank is committed to supporting Abu Dhabi Vision 2030, which outlines the development and progress of Abu Dhabi toward a sustainable future."
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