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2023-03-17 00:00:00
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Home › Banks ›
Bank
First Abu Dhabi Bank (FAB)United Arab Emirates

Active

This profile is actively maintained
Last update: 2022-08-19 11:38:16
First Abu Dhabi Bank head offices, Khalifa Business Park Abu Dhabi. Photo: Google Earth/Streetview

Active

This profile is actively maintained
Last update: 2022-08-19 11:38:16
About
Website https://www.bankfab.com/en-ae/about-fab
Headquarters
Al Qurm – Business Park P.O. Box 6316
Abu Dhabi
United Arab Emirates
CEO/chair Hana Al Rostamani
Group CEO
Supervisor
Central Bank of United Arab Emirates
Ownership
listed on Abu Dhabi Securities Exchange

First Abu Dhabi Bank's largest shareholder is the Mubadala Investment Company (37.9%). The bank's complete shareholder structure can be accessed here.

First Abu Dhabi Bank (FAB) was established in April 2017 through the merger of the National Bank of Abu Dhabi and First Gulf Bank. FAB is the largest bank in the United Arab Emirates. It offers deposits, personal loans, e-banking, trade finance, foreign exchange, and other banking services. First Abu Dhabi Bank became a signatory to the Equator Principles in September 2015.

Sustainability
Policies
Voluntary standards

First Abu Dhabi Bank's webpage on corporate and social responsibility can be accessed here.

2021-09-17 00:00:00

Sustainability policy statement

Date listed represents date as accessed on website
Bank policy
2021-09-17 00:00:00 | First Abu Dhabi Bank
2021-09-17 00:00:00

Policy Statements

Date listed represents date as accessed on website
Bank policy
2021-09-17 00:00:00 | First Abu Dhabi Bank
2018-09-03 00:00:00

Wolfsberg questionnaire

Bank policy
2018-09-03 00:00:00 | First Abu Dhabi Bank
2017-06-05 00:00:00

Anti-money laundering policy

Bank policy
2017-06-05 00:00:00 | First Abu Dhabi Bank
First Abu Dhabi Bank (FAB) has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Green Bond PrinciplesTags: bond issuance | investment | sustainable development
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

First Abu Dhabi Bank (FAB) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of First Abu Dhabi Bank (FAB)'s link to these deals.

Campaigns

Banks and Nature

FAB’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.2 out of 10 and ranking it as a laggard. FAB achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0.2 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed FAB’s policies related to the pulp and paper sector.

Between 2016 and 2022, FAB provided USD 766 in credit to companies operating in these forest-risk sectors. For more information, see the links below.

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
First Abu Dhabi Bank (FAB)
2022-09-21
ARE
0.2
Laggard
0
United Arab Emirates
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of First Abu Dhabi Bank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on First Abu Dhabi Bank's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
First Abu Dhabi Bank (FAB)
2022-09-21
ARE
0
Laggard
0
United Arab Emirates
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on First Abu Dhabi Bank's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
First Abu Dhabi Bank (FAB)
2022-09-21
ARE
0.2
Laggard
0
United Arab Emirates
Profile
Score
Laggard
0.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on First Abu Dhabi Bank's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Saudi Aramco closes US$10bn loan

2020-05-12 | London | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Massive forest fires and haze in Indonesia create public health and climate crisis

2019-09-19 | Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

FAB becomes first UAE bank to sign up to UN Global Compact

2017-11-28 | The Gulf Today
BankTrack news BankTrack blog Partner news Partner blog

NBAD, FGB merge, now 'First Abu Dhabi Bank'

2017-04-02 | Gulf News
BankTrack news BankTrack blog Partner news Partner blog

FGB and NBAD shareholders approve merger to create UAE’s largest bank

2016-12-08 | Emirates247.com
Resources
Documents
Links
2022-05-10 00:00:00

CSR report 2021

Annual report
2022-05-10 00:00:00 | First Abu Dhabi Bank
2022-05-03 00:00:00

Annual report 2021

Annual report
2022-05-03 00:00:00 | First Abu Dhabi Bank
2021-09-17 00:00:00

Annual report 2020

Annual report
2021-09-17 00:00:00 | First Abu Dhabi Bank
2021-09-17 00:00:00

Sustainability policy statement

Date listed represents date as accessed on website
Bank policy
2021-09-17 00:00:00 | First Abu Dhabi Bank
2021-09-17 00:00:00

Policy Statements

Date listed represents date as accessed on website
Bank policy
2021-09-17 00:00:00 | First Abu Dhabi Bank
2021-09-17 00:00:00

CSR Report 2020

Annual report
2021-09-17 00:00:00 | First Abu Dhabi Bank
2020-09-28 00:00:00

Annual report 2019

Annual report
2020-09-28 00:00:00 | First Abu Dhabi Bank
2020-09-28 00:00:00

CSR report 2019

Annual report
2020-09-28 00:00:00 | First Abu Dhabi Bank
2019-10-04 00:00:00

CSR report 2018

Annual report
2019-10-04 00:00:00 | First Abu Dhabi Bank
2019-07-31 00:00:00

Equator Principles report 2018

Bank document
2019-07-31 00:00:00 | First Abu Dhabi Bank
2019-06-30 00:00:00

Annual report 2018

Annual report
2019-06-30 00:00:00 | First Abu Dhabi Bank
2018-09-03 00:00:00

Wolfsberg questionnaire

Bank policy
2018-09-03 00:00:00 | First Abu Dhabi Bank
2018-03-31 00:00:00

CSR report 2017

Annual report
2018-03-31 00:00:00 | First Abu Dhabi Bank
2018-03-31 00:00:00

Annual report 2017

Annual report
2018-03-31 00:00:00 | First Abu Dhabi Bank
2017-06-05 00:00:00

Anti-money laundering policy

Bank policy
2017-06-05 00:00:00 | First Abu Dhabi Bank
2017-04-30 00:00:00

NBAD annual report 2016

Annual report
2017-04-30 00:00:00 | NBAD
2016-03-31 00:00:00

NBAD Corporate Sustainability report 2015

Annual report
2016-03-31 00:00:00 | NBAD
2016-03-31 00:00:00

NBAD Annual report 2015

Annual report
2016-03-31 00:00:00 | NBAD

Corporate Social Responsibility webpage

EPN assessment of policies against 14 minimum criteria - First Abu Dhabi Bank

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

Accountability
Grievances

First Abu Dhabi Bank does not have a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

This page evaluates First Abu Dhabi Bank (FAB)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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