Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has partnered with DHL, the global leading brand in the logistics industry, for the latest addition to their sustainability solution, GoGreen Plus.
Through this service, DHL is enabling ADIB to reduce carbon emissions associated with their shipments using Sustainable Aviation Fuel (SAF). This collaboration marks a significant milestone, as ADIB becomes the first bank in the MENA region to sign up for DHL Go Green Plus, which enables the Bank to reduce its Scope 3 emissions, encompassing indirect greenhouse gas emissions originating within a company’s value chain, including downstream transportation and distribution.
The announcement aligns with the UAE’s updated target to achieve a 40 percent reduction in emissions by 2030. As part of this initiative, ADIB collaborated with DHL to calculate the CO2e emissions related to the logistics of their shipments.
This partnership contributes to achieving ADIB’s commitment to reducing its DHL-related emissions and solidifies its commitment to achieving a 30 percent reduction in ADIB’s Scope 3 emissions by the end of 2023. This is a significant step towards ADIB’s long-term goal of completely setting the bank’s Scope 3 emissions.
“In line with the UAE’s focus on a sustainable transition, we are pleased to partner with DHL and become the first bank in the MENA region to use “Go Green Plus” service for sustainable shipping. This initiative underscores ADIB’s commitment to supporting our customers in addressing key environmental challenges and contributing to UAE’s net zero vision. As the UAE prepares to host COP28, a key global summit on climate action, ADIB is proud to contribute to adopting sustainable solutions in the Islamic banking industry. We believe that our partnership with DHL and the implementation of the Go Green Plus service exemplifies our role as a driver of change in integrating sustainable practices into the core of Islamic banking.”
Mr. Mahmoud Haj Hussein, Country GM for DHL Express UAE, said that “Connecting people and improving lives is our purpose at DHL and when we fulfill our purpose, we make the world a better place. Within our ESG framework, we all have a big responsibility to reduce our carbon footprint for the long-term sustainability of our planet. We have gone one step further in our commitment by enabling our customers to inset carbon emissions within their value chains through our investment in SAF. We know our customers are committed to a greener supply chain and we are delighted to announce ADIB as our first onboard for this newly launched service.”
This initiative upholds the highest standards of accuracy and credibility, as it undergoes rigorous auditing and verification by an independent body accredited by the Société Générale de Surveillance (SGS). The bank will receive a certificate facilitated by SGS through the partnership agreement.
Don’t Miss It | Saudia rebrands amid digital transformation plans