Ajman Bank Embraces ‘Responsible Banking’ in Partnership With KPMG ESG Services

Ajman Financial institution, an Islamic monetary establishment primarily based within the UAE, is partnering with KPMG ESG Companies, marking a big milestone in its dedication to environmental, social, and governance (ESG) rules.

This collaboration with KPMG goals to develop the inaugural ESG framework by Ajman Financial institution, a roadmap, and a long-term imaginative and prescient for sustainability. The UAE’s declaration of 2023 as a yr devoted to sustainability underscores the nation’s collective endeavour to foster sustainable practices throughout all sectors.

Ajman Financial institution has additionally aligned with this nationwide agenda, reinforcing its dedication to local weather motion and broader sustainability points.

Ajman Financial institution and KPMG ESG Companies signed a memorandum of understanding in a ceremony at Ajman Financial institution’s head workplace, attended by leaders from each organisations. Fadi Alshihabi, accomplice and ESG providers chief at KPMG, in addition to Zohaib Ali Zahid, head of ESG at Ajman Financial institution, exchanged the MOU.

Mustafa Al Khalfawi, group CEO of Ajman Financial institution, commented: “Accountable banking goes past monetary transactions; it’s about making a sustainable legacy for future generations.

“At Ajman Financial institution, we intention to embed sustainability into the center of our operations, reflecting our dedication as a number one Islamic monetary establishment to moral, environmental, and social governance. Our partnership with KPMG ESG Companies marks a pivotal second in our journey in direction of accountable and sustainable banking whereas contributing to the UAE’s sustainability goals.”

Committing to sustainable banking

Beneath the steering of KPMG’s ESG experience, Ajman Financial institution will undertake a complete evaluation to ascertain its carbon footprint baseline, establish strategic sustainability priorities, set achievable milestones, and create pathways in direction of a sustainable future for the financial institution, its shoppers, and the communities it serves.

This initiative not solely displays Ajman Financial institution’s dedication to sustainability but in addition aligns with its rules as an Islamic banking establishment, emphasizing moral practices and duty in direction of the setting and society.

Zohaib Ali Zahid, talking on behalf of Ajman Financial institution, emphasised the Financial institution’s enhanced duty in direction of sustainable and accountable banking practices, particularly as an Islamic Financial institution: “Our partnership with KPMG ESG Companies marks the start of a transformative journey for Ajman Financial institution.

“We’re dedicated to main by instance within the banking sector by integrating sustainability into our enterprise technique, operations, and tradition. This initiative is a cornerstone in our mission to realize our long-term ESG imaginative and prescient, benefiting our stakeholders and contributing positively to the communities we serve.”