Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has successfully completed its first on-grid solar photovoltaic (PV) system in JAFZA marking a significant milestone in the bank’s journey towards greater environmental sustainability and reducing is environmental footprint in line with its net zero plan.

The project forms part of ADIB’s broader commitment to reducing its environmental impact and supporting the UAE’s Net Zero by 2050 strategy, in addition to the bank’s own targets to reduce financed emissions by 2030. This initiative also aligns with ADIB’s Vision 2035 and its focus on ESG integration across operations.

The On-Grid Solar PV project was designed to reduce Scope 2 emissions from facilities building-related emissions by switching to clean, renewable energy, aligning with the goals set during COP28, which call for practical, low-carbon solutions to tackle climate change. This initiative reflects ADIB’s Net Zero strategy to reduce emissions and support the UAE’s national energy transition.

This project is a meaningful step in ADIB’s sustainability journey. ADIB is focused on implementing long-term, practical changes that reduce our environmental footprint and enhance operational efficiency.

The system is expected to deliver energy performance improvements while reducing reliance on non-renewable power sources, reflecting ADIB’s ongoing efforts to support projects that offer both environmental and economic value.

ADIB remains committed to exploring sustainability-focused initiatives across its operations and partner with organisations that share its goal of building a more sustainable and resilient future.

About ADIB

ADIB is a leading bank in the UAE with AED 244 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. 

ADIB provides Retail, Corporate, Business, Private Banking and Wealth Management Solutions. The bank was established in 1997, and its shares are traded on the Abu Dhabi Securities Exchange (ADX).

ADIB has a strong presence in five strategic markets: Egypt, where it has 72 branches, the United Kingdom, Qatar, and Iraq.

Named World’s Best Islamic Bank by The Financial Times - The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Emirates airlines, Etihad and Etisalat and a wide range of financing products.