FAB takes part in COP27 panel to explore the future of NZBA in the MENA region

FAB takes part in COP27 panel to explore the future of NZBA in the MENA region

Abu Dhabi: First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has today taken part in a panel discussion at COP27 hosted by the Net Zero Banking Alliance (NZBA).

The panel, titled ‘Regional Perspectives: Net Zero Banking Alliance’ started with a forward-looking statement on the ambitions of the NZBA after nearly two years since its launch in April 2021.

The discussion turned to topics such regional considerations that can contribute towards the ongoing development of NZBA’s guidelines, as well as how more banks can be encouraged to join the NZBA.

The discussion was moderated by Harry Chapman, Head of Sustainability Events at The Economist Impact, and included panelists:

- Shargiil Bashir, Chief Sustainability Officer, First Abu Dhabi Bank – FAB

- Dalia Abdelkader, Chief Sustainability Officer, Commercial International Bank - CIB

- Sarah Kemmitt, Net Zero Banking Alliance, UN Secretariat Lead

Shargiil Bashir, said: “The word that best describes exactly what’s needed to achieve net-zero is ‘collaboration’. And since its inception in April 2021, NZBA has proven to be an important driver of impactful collaboration across the global banking sector. When FAB joined NZBA, we moved swiftly to align our portfolio and to meet the recommendations set