First Abu Dhabi Bank Misr (FABMISR), one of Egypt’s leading banks, has launched its first-ever Sustainability Report for 2023. This comprehensive document showcases the bank’s commitment to sustainable growth and sets a foundation for ongoing development and transformation, aligning with the FAB Group’s pledge to create long-term value for stakeholders and the planet.
Key Pillars of Sustainability
The report highlights FABMISR’s sustainability framework, built on six key pillars:
Environmental, Social, and Governance (ESG) Integration
Green Financing Initiatives
Financial Inclusion
Leadership in Sustainable Practices
Net Zero Commitments
Employee Wellbeing and Capacity Building
CEO’s Vision: A Commitment to Sustainability
Mr. Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, expressed pride in the release of the bank’s inaugural Sustainability Report, describing it as a pivotal step towards a sustainable future.
“This report reflects our commitment to driving positive economic, environmental, and social impact. It aligns with Egypt’s Vision 2030 and FAB Group’s ambitious ESG goals.”
By integrating FAB Group’s ESG risk management policies, FABMISR ensures informed, responsible financing decisions that promote sustainable economic growth. FABMISR’s green financing targets align with the Central Bank of Egypt’s sustainable finance guidelines and FAB Group’s target of facilitating $136 billion in green financing by 2030.
Local Impact: Empowering SMEs and Entrepreneurs
FABMISR emphasizes local economic development by:
Achieving a 99% procurement rate from local suppliers, boosting local businesses.
Increasing SME lending by 22%, reaching EGP 11.168 billion.
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Targeting the addition of 2,000 new SMEs to its portfolio by 2025.
The bank also supports underserved communities by launching specialized financial products for youth, women, marginalized groups, and people of determination, attracting 20,000+ new customers.
Diversity, Training, and Global Leadership in Sustainability
FABMISR is a regional leader in sustainability and diversity:
25% female representation in executive roles.
Delivered 40,000+ hours of training on sustainability and leadership.
The first bank in Egypt to achieve ISO 45001:2018 certification for occupational health and safety.
These initiatives align closely with Egypt’s Vision 2030, reinforcing FABMISR’s role as a key driver of positive transformation in environmental, economic, and social dimensions.
About FABMISR
FABMISR is a subsidiary of the First Abu Dhabi Bank Group, operating through 69 branches across Egypt. It provides a wide range of banking products and services tailored for large organizations, SMEs, and individual customers.
Globally, FAB is among the largest and safest financial institutions, with operations across five continents. It holds top credit ratings (Aa3, AA-, AA-) from Moody’s, Standard & Poor’s, and Fitch, and is a recognized leader in sustainability as part of the MSCI ESG Leaders Index and FTSE4Good EM Index.
For more information, visit FABMISR.
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