Press releases, Reports & Disclosures for First Abu Dhabi Bank

First Abu Dhabi Bank (FAB) has expanded its financed emissions reduction targets to include five more sectors: agriculture, aluminium, cement, commercial real estate, and steel. This is in addition to its 'Wave 1' sectors of oil & gas, aviation, and power generation. The combined targets for these eight sectors are expected to cover 90% of FAB's corporate financed emissions. This is part of the bank's commitment to become net zero by 2050, aligning with its membership in the Net Zero Banking Alliance. The 2030 reduction targets vary by sector, with the highest reductions expected in agriculture and commercial real estate.