Abu Dhabi Commercial Bank P.J.S.C. (ADCB) is a leading financial institution based in the United Arab Emirates (UAE), with a strong presence in the Middle East and beyond. Established in 1985, the bank has grown to become one of the largest in the region, with a wide range of products and services catering to individuals, businesses, and institutions.

As a bank operating in the UAE, ADCB is well aware of the challenges posed by climate change and the urgent need to transition to a low-carbon economy. Decarbonisation is a key priority for the bank, as it seeks to align its operations with the Paris Agreement and contribute to the global effort to limit global warming to well below 2 degrees Celsius.

One of the ways in which ADCB is addressing decarbonisation is through its corporate energy strategy. The bank has set ambitious targets to reduce its energy consumption and greenhouse gas emissions, and is investing in energy-efficient technologies and renewable energy sources to achieve these goals. ADCB is also working with its suppliers and partners to encourage them to adopt sustainable practices and reduce their carbon footprint.

Corporate power purchase agreements (PPAs) are another important tool in ADCB's decarbonisation strategy. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for electricity generated from renewable sources. By entering into a PPA, ADCB can secure a reliable and cost-effective source of renewable energy, while also supporting the development of new renewable energy projects in the UAE and beyond.

Renewable energy is a key focus area for ADCB, as the bank recognises the important role that it can play in reducing greenhouse gas emissions and promoting sustainable development. ADCB has invested in a number of renewable energy projects in the UAE, including solar and wind power, and is exploring new opportunities to support the growth of renewable energy in the region.

In addition to its decarbonisation efforts, ADCB is committed to promoting sustainable finance and responsible investment. The bank has developed a range of sustainable finance products and services, including green bonds and sustainability-linked loans, which enable clients to finance sustainable projects and initiatives. ADCB is also a signatory to the United Nations Principles for Responsible Banking, which commit the bank to aligning its business strategy with the Sustainable Development Goals and the Paris Agreement.

Overall, ADCB is a leading financial institution in the UAE that is committed to promoting sustainable development and decarbonisation. Through its corporate energy strategy, corporate PPAs, and investments in renewable energy, the bank is playing an important role in the transition to a low-carbon economy. ADCB's commitment to sustainability and responsible finance makes it a valuable partner for businesses and institutions seeking to promote sustainability and reduce their environmental impact.