In a move that reaffirms its leadership in sustainable Islamic banking, Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has released its second annual Sustainability Report for 2024, aligning with the Global Reporting Initiative (GRI) Standards.
Covering the period from January to December 2024, the report outlines the bank’s performance across environmental, social, and governance (ESG) domains. It offers a transparent and comprehensive view of ADIB Egypt’s current sustainability practices and their integration into its broader corporate strategy—underscoring the bank’s commitment to supporting Egypt’s transition to a green and sustainable economy.
The report reflects ADIB Egypt’s full embrace of sustainability and sustainable finance principles, which have become vital benchmarks in evaluating financial institutions at both local and international levels. It also highlights the bank’s positioning as a regional sustainability leader—a reputation recognised through several prestigious international awards and accolades.
Regional Recognition and Leadership
ADIB Egypt received five international awards in 2024, acknowledging its advanced standing in sustainable finance. In addition, CEO and Managing Director Mohamed Ali was honoured by the League of Arab States as one of the Arab region’s most influential sustainability leaders, in recognition of his role in embedding a sustainability-first culture within the financial sector.
“Sustainability is a core pillar of our corporate strategy,” said Ali. “The release of our second Sustainability Report in accordance with GRI Standards affirms our long-standing commitment. The report reflects our efforts to integrate sustainability indicators into every level of our operations and to adopt sustainable finance as a practical framework.”
He added that the bank’s global recognition reflects its success in aligning Islamic banking principles with sustainability objectives, reinforcing its status as a responsible financial institution that actively contributes to community development, environmental protection, and economic advancement.
Key ESG Initiatives and Milestones
As part of its growing commitment to ESG principles, ADIB Egypt implemented a number of impactful initiatives in the first half of 2025:
- Carbon Footprint Reporting:The bank issued its fourth Carbon Footprint Report, reaffirming its environmental responsibility and ongoing efforts to reduce emissions and promote eco-friendly practices.
- Public Engagement in Climate Action:ADIB Egypt sponsored Egypt’s largest public race, organised in collaboration with the British University in Egypt. With over 7,000 participants, the event supported the United Nations’ Sustainable Development Goal (SDG 4) on quality education.
- Climate Governance Participation:The bank joined the Chapter Zero Egypt initiative, reinforcing its commitment to advancing environmental governance and climate action.
- Community Investment:Through its charitable foundation, the bank continues to invest in community-focused initiatives that generate tangible social impact. These include programmes targeting economic empowerment, educational support, and broader financial inclusion—especially for vulnerable groups.
ADIB Egypt’s 2024 Sustainability Report not only documents progress but also sets the foundation for future ambitions in line with national priorities and global climate and development goals. The bank reaffirmed its pledge to remain at the forefront of sustainable Islamic finance in Egypt, continually advancing its ESG agenda while contributing meaningfully to the country’s long-term economic and social development.
