Sustainalytics upgrades ADCB’s ESG risk score

Sustainalytics upgrades ADCB’s ESG risk score

Abu Dhabi: Abu Dhabi Commercial Bank PJSC (ADCB) has received an upgrade to its environmental, social and governance (ESG) risk score by Sustainalytics, one of the world’s leading ESG rating agencies. ADCB’s overall Sustainalytics ESG risk score improved from 30.1 in March 2021 to 21.0 in September 2022, making ADCB the highest-ranked diversified bank in the GCC and a top quartile bank globally.

The Sustainalytics ESG rating methodology scores an organization on its management of ESG risks from 0 to 40+, with a lower score signifying a better management approach. ADCB saw an improvement across all the ESG material issues that Sustainalytics assesses, with the Bank seeing the biggest gains in its scores for data privacy and security, and business ethics. Sustainalytics now ranks ADCB among the top ten banks globally for managing risks related to data privacy and security.

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Ala’a Eraiqat

Group Chief Executive Officer

“As a major financial institution, our aim is to maximise our contribution to the socio-economic development of the UAE, while managing risks and opportunities effectively to ensure the longterm sustainability of our business. Accordingly, we recently refreshed our ESG framework and embedded ESG into our corporate strategy, while also adopting a Group-wide Sustainability Governance Framework with Board oversight.