Ajman Bank has unveiled a groundbreaking environmental sustainability strategy, outlining ambitious goals to achieve Net Zero emissions across its operations and commit substantial funding to support sustainable finance initiatives.
The comprehensive plan establishes clear milestones, achieving Net Zero for Scope 1 and 2 emissions by 2030, followed by full Net Zero status across all emission scopes, including the more challenging Scope 3 financed emissions, by 2050.
Alongside these environmental targets, the Bank has committed to channeling $1.08 billion (AED 4 billion) into sustainable finance by 2030, reinforcing its position as a leader in Sharia-compliant sustainable investment.
This strategic initiative supports the UAE’s Net Zero 2050 goals and Ajman Vision 2030, placing the Bank at the forefront of the country’s shift toward a low-carbon economy while remaining aligned with the principles of Islamic banking.
Mustafa Al Khalfawi CEO – Ajman Bank
“Our Net Zero strategy represents the convergence of our financial expertise and environmental responsibility. As custodians operating within the framework of Islamic finance, we recognize that true stewardship extends beyond financial assets to encompass our natural resources and environmental heritage. This strategy enables us to make meaningful contributions to the UAE’s climate ambitions while creating sustainable value for our stakeholders.”
Ajman Bank Head of Enterprise Project Management Office and ESG, Zohaib Ali Zahid said that, “We have developed a structured framework that integrates sustainability considerations into every aspect of our business model. This includes comprehensive emissions measurement protocols, strategic reduction initiatives, and innovative financial product development.
“By establishing this robust infrastructure, we can ensure that our environmental commitments translate into tangible actions and measurable results, creating lasting value for our shareholders, clients, and the broader community,” Ali Zahid added.
