Emirates NBD Egypt Releases Its First Carbon Footprint Report
The report covered all of the bank's operational facilities, including branches, headquarter, sales buildings, and warehouses. The report provides a breakdown of emissions across three main scopes: direct emissions under scope 1 amounted to 589 mtCO2e, indirect emissions from purchased energy under scope 2 reached approximately 5,956 mtCO2e, while other indirect emissions under scope 3 totaled 7,701 mtCO2e. This brings the bank's total carbon emissions to 14,246 mtCO2edemonstrating its continued dedication to adopting sustainable practices and understanding the full scope of its environmental impact
In this context, Amr ElShafei, CEO and Managing Director of Emirates NBD Egypt, stated: 'Issuing this report reflects our profound commitment to embedding sustainability within the core of our operations and enhancing transparency in data disclosure. We strive to play an active role in addressing climate change challenges by adopting integrated solutions that align with Egypt's Vision 2030 and the Sustainable Development Goals.' He added: 'At Emirates NBD Egypt, we believe that real economic growth goes hand in hand with environmental protection. We will continue to develop innovative initiatives that contribute to emission reduction and help build a more sustainable and prosperous future for the generations to come
Amgad Doma, Chief Strategy & Sustainability Officer at Emirates NBD Egypt, also commented: 'This report serves as a cornerstone in our journey toward achieving carbon neutrality, leveraging its preparation on a thorough analysis of emission sources across all our operations, allowing us to design practical and impactful solutions for carbon reduction. The report also crowns our continued efforts to develop an integrated disclosure framework that enhances transparency and ensures our alignment with international sustainability standards, while supporting Environmental, Social, and Governance (ESG) data governance in line with global best practices.' He added: 'Through these efforts, we aim to embed a culture of sustainability within the bank and solidify our leadership in this field across the Egyptian banking sector
As part of its environmental commitment, Emirates NBD Egypt is currently developing a comprehensive decarbonization plan focused on reducing its carbon emissions. This includes implementing a holistic energy management system, adopting environmentally responsible practices, optimizing water and electricity consumption, improving waste management strategies, and boosting recycling processes. Additionally, the bank is committed to applying green building standards across many of its upcoming construction projects
Emirates NBD Egypt continues to advance its sustainable growth by innovating in banking services and investing in renewable energy, thereby creating real sustainable value for both the community and the environment. The release of the first carbon footprint report marks a significant milestone in this direction, laying a solid foundation for monitoring and reducing carbon emissions in alignment with national efforts and The Central Bank of Egypt's directions toward a green economy and the achievement of Egypt's Vision 2030 Google News تابعونا على تابعونا على تطبيق نبض
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