Abu Dhabi, UAE — First Abu Dhabi Bank (FAB), the first bank in the region to commit to a net-zero future, has announced a groundbreaking partnership with CarbonSifr to drive the measurement and reduction of its portfolio emissions. This collaboration marks a significant step forward in FAB’s sustainability efforts, enabling its corporate and commercial banking customers to leverage CarbonSifr’s cutting-edge platform to track and reduce their carbon dioxide equivalent (CO2e) emissions.
Through this innovative platform, FAB’s customers will gain access to advanced tools that help measure, track, and manage their carbon emissions, including Scope 3 emissions throughout their value chains. This strategic partnership is in line with FAB’s commitment to leading the financial industry toward a more sustainable future.
The CarbonSifr platform is designed to simplify emissions measurement, making it easier for banks and large corporations to monitor and report on their environmental impact. By offering this capability, the partnership aims to unlock new green financing opportunities for corporates and SMEs, supporting their efforts to decarbonize and achieve sustainability goals.
FAB’s trust in CarbonSifr is expected to set a precedent for other financial institutions in the region, underscoring the critical role that banks play in driving sustainable finance and promoting environmentally responsible business practices.
As both organizations continue to prioritize sustainability, this partnership will be key in enabling businesses to align with global emission reduction targets and advance the transition to a low-carbon economy.
