National Bank of Fujairah Recognised as ESG Leader with Prestigious Awards and Dubai Chamber Label - Middle East Business News and Information
Recognition highlights NBF's commitment to sustainability and responsible banking
Dubai – June 2025 — The National Bank of Fujairah NBF is proud to announce that it has been recognised as an Environmental, Social, and Governance ESG leader, with wins at the 2025 MEA Business Achievement Awards. NBF received three prestigious awards in the Banking & Finance category in ESG Excellence, Outstanding Sustainability Initiative, and Outstanding Community Impact & Engagement. This underscores the bank's unwavering commitment to responsible banking and sustainable development. Additionally, NBF has been awarded the prestigious Dubai Chamber of Commerce ESG Label, further highlighting its dedication to ESG principles.
These accolades reinforce NBF's position as a purpose-driven financial institution that places ESG and community engagement at the heart of its strategy. A testament to NBF's long-standing dedication to ESG principles, the awards and the ESG label recognise the bank's proactive role in fostering positive change within the communities it serves. From pioneering green finance solutions to running impactful community outreach programmes, NBF continues to lead by example in embedding sustainability into its core operations.
The Dubai Chamber of Commerce ESG Label is a framework designed to help organisations assess their ESG maturity and reporting alignment. It provides a comprehensive assessment of an organisation's performance in key areas such as environmental impact, social responsibility, and governance practices. The label aims to promote transparency and accountability, encouraging organisations to adopt sustainable practices and contribute to the overall well-being of the community.
NBF has been actively involved in various initiatives to promote sustainability and responsible banking. The bank's ESG agenda aligns with the sustainability pillars of the UAE's Ministry of Climate Change and Environment, and it actively supports the UAE Energy Strategy 2050 to transform the national economy, setting goals for 2030 and ambitions for 2050 to reach net zero.
Efforts include offering innovative, environmentally friendly products and services such as green personal loans and automotive loans for owners of fuel-efficient, eco-friendly cars. The bank also invests in green initiatives to mitigate its own environmental impact, including the installation of solar water heaters and solar panels at its facilities.
NBF continues to innovate and expand its offerings, remaining committed to delivering value-led, customer-first solutions. The bank's recent achievements and initiatives underscore its dedication to enhancing the customer experience and supporting sustainable development.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
21 hours ago
- Mid East Info
ADFD and GCC Interconnection Authority Sign AED 752 Million Agreement to Expand GCC power Grid Connectivity With the UAE
Abu Dhabi, United Arab Emirates: Abu Dhabi Fund for Development (ADFD) has signed a financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the expansion of the GCC power grid interconnection with the UAE's national grid. Valued at AED 752 million (USD 205 million), the agreement aims to strengthen regional energy security and catalyse power exchange between the UAE and other GCC member states. The agreement was signed at ADFD headquarters in Abu Dhabi by His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, and His Excellency Eng. Ahmed Ali Al Ebrahim, CEO of the GCCIA. The signing was also attended by H.E. Eng. Sharif Salim Al Olama, Undersecretary of UAE Ministry of Energy and Infrastructure and Board Member of the GCCIA; H.E. Dr. Saif Saeed Al Qubaisi, Acting Director General of Regulatory Affairs at Abu Dhabi Department of Energy and Board Member of GCCIA, alongside other senior officials from both parties. The project aims to strengthen the interconnectivity between the UAE and GCC power grid, enhancing regional energy resilience and enabling broader economic and developmental integration. It also aligns with the UAE Energy Strategy 2050, which aims to establish an energy system that is efficient and sustainable, contributing to long-term national economic growth. H.E. Mohammed Saif Al Suwaidi reaffirmed ADFD's commitment to financing strategic infrastructure projects that align with the UAE's development goals. He highlighted the critical role of grid interconnection in building a resilient energy network and advancing regional efforts toward cleaner, more sustainable power generation. Designed as a strategic infrastructure upgrade, the project will reinforce the GCCIA grid and significantly expand electricity transmission capacity with the UAE. Based on detailed technical and economic feasibility studies, the initiative aligns with the GCCIA's forward-looking vision to deliver a reliable and durable regional power infrastructure. The project includes the construction of a 400kV double-circuit overhead transmission line extending 96 kilometres to connect the Al Silaa substation in the UAE with the Salwa substation in Saudi Arabia. It also involves the expansion of three key substations in Gonan, Al Silaa, and Salwa, and the installation of upgraded 400kV switchgears, circuit breakers and reactors. The project will also oversee the development of advanced protection and control systems, improving grid efficiency and reliability. H.E. Mohamed Al Suwaidi said: 'The project reflects ADFD's commitment to financing high-impact infrastructure that supports the UAE's development priorities. Power grid interconnection is a strategic enabler of energy security and a foundation for accelerating the transition to clean and sustainable energy sources.' He added: 'Our collaboration with the GCC Interconnection Authority is a practical example of regional energy integration. The project will increase the efficiency of the power grid, improve emergency preparedness, strengthen connectivity with regional partners, and promote the integration of renewable energy into a unified network, reinforcing the GCC's collective commitment to sustainable goals and emissions reduction targets.' Regarding the agreement H.E. Eng. Ahmed Ali Al Ebrahim, CEO of the GCCIA, said: 'This project represents the first phase of our partnership with ADFD during the current expansion of the GCC power grid. Alongside this effort, we are also advancing key interconnection initiatives with Kuwait, a direct link with Oman, and a southern Iraq grid connection. Together, these projects represent a total investment of over USD 1 billion.' He further explained: 'By leveraging increased transmission capacity, we aim to activate a unified Gulf electricity market to facilitate cross-border power trade, creating significant economic value, with projected opportunities exceeding USD 20 billion over the next 15 years.' Eng. Al-Ebrahim also praised the cooperation with ADFD, noting its important role in financing critical infrastructure that supports the GCC's sustainable development agenda. ADFD continues to play a leading role in advancing the energy sector. Over the years, the Fund has financed pioneering projects that have strengthened energy security and contributed to sustainable development, underscoring its steadfast commitment to advancing the global clean energy agenda.
Mid East Info
2 days ago
- Mid East Info
du partners with CRIF to advance sustainability goals via state-of-the-art ESG evaluation platform - Middle East Business News and Information
This partnership is a step towards integrating sustainable practices within core business operations, elevating du's position as a pioneer in corporate sustainability within the telecommunication sector. Dubai, UAE, June, 2025: du, the leading telecom and digital services provider, today announced a strategic partnership with CRIF, a global leader specializing in credit information systems, analytics, and digital solutions. This collaboration aims to enhance the Environmental, Social, and Governance ESG performance within du's supply chain using Synesgy, CRIF's pioneering digital platform. Recognising the escalating global demand for sustainable business initiatives, du is proactively incorporating ESG factors into its supplier review process. The adoption of Synesgy allows du to delve deeper into the ESG performance of its suppliers, ensuring compliance with the company's ambitious sustainability targets and rigorous regulatory standards. Adel AlRais, Head of Corporate Communication & Protocol at du said: 'A partnership with CRIF and the integration of Synesgy into our systems demonstrably enhances our supplier evaluation protocols and underscores our dedication to sustainability. This initiative not only supports compliance with evolving legal requirements but also solidifies our leadership in fostering responsible business practices in telecommunications. It marks a pivotal step in ensuring our supply chain contributes to a sustainable and ethical future.' Synesgy will provide du with detailed evaluations regarding the ESG efforts of its suppliers, furnishing a broad perspective on their environmental impacts, social contributions, and governance practices. The platform enables du to identify and manage potential ESG-related risks within its supply chain, aiding in the maintenance of sustainable business practices over the long term. Manjeet Chhabra, Managing Director of CRIF Gulf, said: 'du's decision to adopt Synesgy as a core tool for supplier evaluation reflects the growing importance of ESG factors in global business practices. We are proud to support du in its journey toward enhanced sustainability, offering data-driven insights and advanced tools to help businesses make informed decisions and lead in the era of responsible business.' Leveraging advanced analytics, Synesgy facilitates continuous monitoring and improvement of supplier ESG practices, supporting du's sustainable development goals. This initiative will further du's commitment to transparency and high ethical standards, aligning with international sustainability criteria and benchmarks. About du: du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fiber and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE's digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region. About CRIF: CRIF is a global company specializing in credit and business information, advanced digital solutions, and analytics for risk management and business development. Through platforms like Synesgy, CRIF helps businesses across various industries assess and enhance their ESG performance, ensuring alignment with international sustainability standards.
Mid East Info
2 days ago
- Mid East Info
National Bank of Fujairah Recognised as ESG Leader with Prestigious Awards and Dubai Chamber Label - Middle East Business News and Information
Recognition highlights NBF's commitment to sustainability and responsible banking Dubai – June 2025 — The National Bank of Fujairah NBF is proud to announce that it has been recognised as an Environmental, Social, and Governance ESG leader, with wins at the 2025 MEA Business Achievement Awards. NBF received three prestigious awards in the Banking & Finance category in ESG Excellence, Outstanding Sustainability Initiative, and Outstanding Community Impact & Engagement. This underscores the bank's unwavering commitment to responsible banking and sustainable development. Additionally, NBF has been awarded the prestigious Dubai Chamber of Commerce ESG Label, further highlighting its dedication to ESG principles. These accolades reinforce NBF's position as a purpose-driven financial institution that places ESG and community engagement at the heart of its strategy. A testament to NBF's long-standing dedication to ESG principles, the awards and the ESG label recognise the bank's proactive role in fostering positive change within the communities it serves. From pioneering green finance solutions to running impactful community outreach programmes, NBF continues to lead by example in embedding sustainability into its core operations. The Dubai Chamber of Commerce ESG Label is a framework designed to help organisations assess their ESG maturity and reporting alignment. It provides a comprehensive assessment of an organisation's performance in key areas such as environmental impact, social responsibility, and governance practices. The label aims to promote transparency and accountability, encouraging organisations to adopt sustainable practices and contribute to the overall well-being of the community. NBF has been actively involved in various initiatives to promote sustainability and responsible banking. The bank's ESG agenda aligns with the sustainability pillars of the UAE's Ministry of Climate Change and Environment, and it actively supports the UAE Energy Strategy 2050 to transform the national economy, setting goals for 2030 and ambitions for 2050 to reach net zero. Efforts include offering innovative, environmentally friendly products and services such as green personal loans and automotive loans for owners of fuel-efficient, eco-friendly cars. The bank also invests in green initiatives to mitigate its own environmental impact, including the installation of solar water heaters and solar panels at its facilities. NBF continues to innovate and expand its offerings, remaining committed to delivering value-led, customer-first solutions. The bank's recent achievements and initiatives underscore its dedication to enhancing the customer experience and supporting sustainable development.
