News DeskAjman, UAE – Ajman Bank, a leading Islamic financial institution in the UAE, has announced a strategic partnership with KPMG ESG Services, marking a significant milestone in its commitment to environmental, social, and governance (ESG) principles. The Memorandum of Understanding (MOU) was signed at Ajman Bank’s head office, with leaders from both organizations in attendance.
The collaboration aims to develop Ajman Bank’s inaugural ESG Framework, a roadmap, and a long-term vision for sustainability. This aligns with the UAE’s declaration of 2023 as a year dedicated to sustainability, reinforcing Ajman Bank’s dedication to climate action and broader sustainability issues.
Mustafa Al Khalfawi, Group CEO of Ajman Bank, commented, “Responsible banking goes beyond financial transactions; it is about creating a sustainable legacy for future generations. Our partnership with KPMG ESG Services marks a pivotal moment in our journey towards responsible and sustainable banking while contributing to the UAE’s sustainability objectives.”
Under KPMG’s ESG expertise, Ajman Bank will undertake a comprehensive assessment to establish its carbon footprint baseline, identify strategic sustainability priorities, set achievable milestones, and create pathways towards a sustainable future for the Bank, its clients, and the communities it serves.
Zohaib Ali Zahid, Head of ESG at Ajman Bank, emphasized the Bank’s enhanced responsibility towards sustainable and responsible banking practices. “Our partnership with KPMG ESG Services marks the beginning of a transformative journey for Ajman Bank. We are committed to leading by example in the banking sector by integrating sustainability into our business strategy, operations, and culture. This initiative is a cornerstone in our mission to achieve our long-term ESG vision, benefiting our stakeholders and contributing positively to the communities we serve.”
