ADCB releases 2012 Sustainability Report

Abu Dhabi: Abu Dhabi Commercial Bank, ADCB, yesterday released its 2012 Sustainability Report, demonstrating the Bank's on-going commitment to transparent disclosure and its genuine concern for social and environmental issues. The Sustainability Report details the Bank's approach to sustainability, discloses key performance successes and is designed to engage all stakeholders while at the same time promoting and achieving sustainable business objectives. Speaking on the occasion, Martin Scott, Chief Marketing Officer, ADCB, said, "At ADCB we are committed to sustainable development. As one of the largest banks in the UAE, we believe that it is our responsibility to reach a new level of excellence within the industry by disclosing our social and environmental performance. With the release of our second annual Sustainability Report, we aim to enhance our relationship with key stakeholders and encourage greater dialogue and engagement between them and the Bank." He added, "Transparent and consistent reporting is a key element of stakeholder engagement, as it ensures that stakeholders understand how the Bank's strategy and sustainable and responsible business practices align with their expectations and support them to achieve their ambitions." This year's annual sustainability report was reviewed by the Global Reporting Initiative, GRI, and satisfied the criteria set out in the GRI G3.1 framework for Sustainability Reporting at a "B" level. The sustainability report identifies material sustainability issues which could negatively impact or positively support its stakeholders and discloses its performance on those issues through disclosure of practices and by providing key performance measurements on sustainability indicators. The open and transparent nature of the report means that the Bank also discloses areas that require further improvements to advance the Bank's sustainability progress. Furthermore, the report fulfils ADCB's pledge to the Abu Dhabi Sustainability Group to publish an annual report, as part of its membership within the group. – Emirates News Agency, WAM