Ajman Bank has announced a 6% reduction in greenhouse gas emissions by 2025, marking a significant step forward in implementing its climate strategy and reinforcing its commitment to supporting the United Arab Emirates’ ambition for a low-carbon economy.
This progress is part of a comprehensive institutional approach aimed at lowering emissions from both operational activities and the financed projects, aligning with its goals for achieving carbon neutrality in Scope 1 and Scope 2 by 2030, and Scope 3 by 2050. Additionally, the bank is committed to directing 4 billion dirhams toward sustainable financing by 2030, thereby enhancing its role in fostering economic sustainability.
In 2025, the bank intensified the execution of several operational initiatives focused on improving environmental performance. These initiatives include enhancing energy efficiency across its branches and offices, optimizing resource utilization, expanding waste reduction and recycling programs, and accelerating digital transformation to minimize reliance on paper. These measures have contributed to reducing the bank’s environmental footprint, while simultaneously boosting operational efficiency and resilience.
Mustafa Al-Khalafawi, CEO of Ajman Bank, stated, “This achievement represents a qualitative advancement in Ajman Bank’s journey to establish sustainability as a core driver of growth. The decrease in emissions, alongside the expansion of sustainable financing activities, underscores our commitment to supporting the national climate action agenda. We will continue to integrate sustainability criteria into all aspects of our operations to enhance our capability for delivering long-term sustainable value.”
The bank’s sustainability approach is grounded in a robust corporate governance framework, supported by clear performance indicators and effective accountability mechanisms. This ensures that environmental considerations are embedded in operational planning, risk management, and strategic decision-making, further enhancing the bank’s capacity for balanced and sustainable growth.
Zuhayb Ali Zahid, Head of Environmental, Social, and Governance (ESG) and Project Management at Ajman Bank, remarked, “This year’s results reflect a disciplined execution approach and effective governance, confirming the commitment of our teams to advance the sustainability agenda. As we continue to implement energy efficiency initiatives, waste reduction programs, and accelerate our digital transformation, we are making strides toward achieving our climate neutrality targets, supporting the UAE’s transition to a low-carbon economy.”
Ajman Bank continues to strengthen its role as a responsible financial institution by adopting a transparent and innovative approach that creates long-term value, contributing to the development of a more sustainable and resilient economy in the UAE.