Commercial Bank of Dubai and Visa sign memorandum of understanding on sustainability initiatives

Commercial Bank of Dubai and Visa sign memorandum of understanding on sustainability initiatives

Dubai: Commercial Bank of Dubai (CBD), one of the UAE's leading national banks, is proud to reaffirm its commitment to a sustainable future by signing a Memorandum of Understanding (MoU) with Visa, a world leader in digital payments. The MoU is the next step in a long-held partnership between CBD and Visa. By signing the MoU both parties have committed to future collaboration on sustainable initiatives with the ultimate objective to provide enhanced sustainability, and specifically carbon, awareness, engagement and offsetting. The MoU enables CBD and Visa to provide better insights into customers’ carbon footprint associated with their spending patterns. This is seen as a key enabler in both the provision of consumer education whilst also providing customers with a means to reduce their carbon footprint.  Khaled Al Hammadi, General Manager of the Personal Banking Group at Commercial Bank of Dubai, stated, " The MoU signifies a pivotal step in our long standing partnership with Visa and our commitment to sustainability. At CBD, we champion our customers' aspirations, and this collaboration enables us to empower them in contributing to a sustainable future for themselves and generations to come.'  Othman Bin Hendi, Chief Sustainability Officer at CBD commented, "2023 has been transformational