First Abu Dhabi Bank PJSC

Common Name
First Abu Dhabi Bank
Country
United Arab Emirates
Sector
N/A
Industry
N/A
Employees
N/A
Ticker
FAB
Exchange
ABU DHABI SECURITIES EXCHANGE
Description
First Abu Dhabi Bank PJSC, commonly known as FAB, is a prominent banking institution headquartered in Abu Dhabi, United Arab Emirates. As the largest bank in the UAE by total assets, its primary funct...

First Abu Dhabi Bank's Climate Target Data Preview

As of 2024, First Abu Dhabi Bank has disclosed 8 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 8 intensity-based targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into First Abu Dhabi Bank ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Cementitious Material from Unspecified Activities
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel from Unspecified Activities
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Aluminium from Unspecified Activities
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas from Unspecified Activities
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Passenger Kilometer
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Revenue
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a
2030

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*. This target is limited in scope and does not represent the company's full operational or organizational boundaries

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Insights into First Abu Dhabi Bank's Greenhouse Gas Emissions Pathways

As of 2024, First Abu Dhabi Bank has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations. a

Does First Abu Dhabi Bank have a target to reduce the emissions from its value chain?

As of 2024, First Abu Dhabi Bank has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

First Abu Dhabi Bank's most ambitious value chain target is to reduce these emissions by 64% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities in 2021. a

As of 2022, First Abu Dhabi Bank is ahead of schedule on its value chain emissions reduction target, having achieved 20.38% of the planned reduction. a

First Abu Dhabi Bank's Value Chain (Scope 3) Emissions Pathway

20212022203000000BaselineCurrent (-13%)Target 2030 (-64%)

Verified Sources Behind First Abu Dhabi Bank’s Climate Targets Data

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