Abu Dhabi Islamic Bank PJSC (ADIB) is a leading Islamic bank in the United Arab Emirates (UAE) that operates in the Islamic banking sector. The bank was established in 1997 and has since then grown to become one of the largest Islamic banks in the UAE. The bank provides a range of Shariah-compliant financial products and services to its customers, including retail banking, corporate banking, private banking, investment banking, and wealth management.

ADIB is committed to sustainability and has set ambitious targets to reduce its carbon footprint and promote renewable energy. The bank recognizes that climate change is a significant global challenge that requires urgent action, and it is committed to playing its part in decarbonizing the economy.

One of the ways in which ADIB is working towards decarbonization is through its corporate energy strategy. The bank has implemented a range of initiatives to reduce its energy consumption and promote energy efficiency. For example, it has installed energy-efficient lighting and air conditioning systems in its branches and offices, and it has implemented a range of measures to reduce water consumption.

ADIB is also exploring the potential of renewable energy to help decarbonize the economy. The bank has invested in several renewable energy projects, including solar and wind power projects. In addition, the bank has launched a range of Shariah-compliant green financing products to support the development of renewable energy projects in the UAE and beyond.

One of the key initiatives that ADIB has launched to promote renewable energy is its corporate power purchase agreement (PPA) program. Under this program, the bank works with corporate customers to help them source renewable energy directly from renewable energy projects. This enables the bank's customers to reduce their carbon footprint and promote the development of renewable energy.

ADIB's corporate PPA program is unique in the UAE, and it has been well received by the bank's customers. The program has already helped several large corporations in the UAE to source renewable energy, including Dubai Airports, which has signed a PPA to source solar power from the Mohammed bin Rashid Al Maktoum Solar Park.

ADIB's commitment to sustainability has been recognized by several international organizations. In 2020, the bank was awarded the "Green Finance Initiative of the Year" award by the Gulf Sustainability and CSR Awards. The award recognized the bank's efforts to promote sustainable finance and support the development of renewable energy projects in the UAE.

In conclusion, ADIB is a leading Islamic bank in the UAE that is committed to sustainability and decarbonization. The bank has implemented a range of initiatives to reduce its carbon footprint and promote renewable energy, including its corporate energy strategy, green financing products, and corporate PPA program. ADIB's commitment to sustainability has been recognized by several international organizations, and the bank is well positioned to play a leading role in the transition to a low-carbon economy in the UAE and beyond.