Financial and professional services Archives - Living Business

category="<a href="https://livingbusiness.com/category/environment/energy-efficiency/energy-management-systems-ai/" rel="tag">Energy management: systems & AI</a>,<a href="https://livingbusiness.com/category/environment/greenhouse-gas-emissions/" rel="tag">Greenhouse gas emissions</a>,<a href="https://livingbusiness.com/category/governance/monitoring-measurement-and-reporting/" rel="tag">Monitoring, measurement, and reporting</a>">Industry: Financial and professional services

Managing Financed Emissions: How Zero Empowers Financial Institutions to Take Decisive Climate Action

Published on October 17, 2024

The financial sector faces a critical challenge in managing financed emissions—the carbon footprint linked to their lending, investment, and insurance portfolios. With banks holding an estimated $4.6 trillion in carbon-intensive assets, potential losses could reach $20 trillion if the Net Zero transition is mismanaged. However, financial institutions often struggle with inaccurate data, inconsistent reporting standards, […]

Bahrain: Havelock One plays key role in NBB unit’s LEED certification

Published on October 14, 2024

Havelock One, a leading interior fit out contractor in the region, said its expert team had collaborated with National Bank of Bahrain to help it secure the first LEED (Leadership in Energy and Environmental Design) Platinum certification in the kingdom for its branch in Madinat Khalifa. This accomplishment represents the highest level of certification within […]

Forbes Middle East reveals its Sustainability Leaders 2024

Published on October 14, 2024

Forbes Middle East has released its second annual list of the region’s sustainability leaders, recognizing the trailblazers and visionaries driving sustainable initiatives and innovations with the potential to reshape the world. The list spans 12 major corporate sectors, with rankings based on a detailed assessment of each company’s sustainability efforts. Forbes Middle East compared initiatives […]

Emirates NBD achieves top global position with highest number of LEED certified Platinum branches

Published on September 13, 2024

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has set a new standard in sustainability by becoming the global leader with the highest number of Leadership in Energy and Environmental Design (LEED) Platinum certifications. The bank has been awarded 16 LEED Platinum certifications, the highest sustainable building […]

ADQ partners with ne’ma to support UAE’s efforts to reduce food loss, waste

Published on August 26, 2024

ADQ, an Abu Dhabi-based investment and holding company, announced the signing of a multi-year partnership agreement with ne’ma, the UAE’s National Food Loss and Waste Initiative. Launched in 2022 in the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ne’ma is a collaboration between the Ministry of Climate Change and Environment and […]

Markaz publishes fourth edition of Sustainability Report in line with GRI Standards

Published on August 19, 2024

In line with its continuous commitment to ensuring sustainability throughout all aspects of its operations, Kuwait Financial Centre “Markaz” has launched its fourth Sustainability Report covering 2022 and 2023. The report highlights the organization’s performance in key Environmental, Social, and Governance areas (ESG), in accordance with the latest international standards for sustainability reporting developed by […]

New tool to help Islamic banks fight climate change in Bahrain

Published on May 23, 2024

A new tool designed to empower Islamic banks in the fight against climate change has been launched by the General Council for Islamic Banks and Financial Institutions (Cibafi). The Bahrain-based global umbrella organisation for Islamic financial institutions presented the solution during a webinar yesterday titled ‘Unveiling the Cibafi Greenhouse Gas Measurement Tool to Strengthen the […]

Gulf Bank launches its 2030 Environmental, Social, and Governance sustainability strategy

Published on May 16, 2024

Building on the pivotal role of embedding sustainability principles in society, Gulf Bank has announced its ambitious Environmental, Social, and Governance (ESG) spanning from 2024 to 2030. This strategy will serve as a roadmap and a clear structural plan for the next six years. On this occasion, the Acting CEO of Gulf Bank, Mr. Waleed […]

OpEd: UAE banks play pivotal role in driving country’s energy transition

Published on April 22, 2024

The UAE banking sector plays a pivotal role in driving the country’s transition towards a sustainable energy fuel mix. This includes providing crucial funding for renewable energy projects and clean technologies, with a specific focus on hydrogen production. Such support is in line with the UAE’s strategic goal of reducing emissions and achieving carbon neutrality […]

Boursa Kuwait releases its third standalone Sustainability Report

Published on April 15, 2024

Boursa Kuwait released its third standalone Sustainability Report, which shed light on the Kuwaiti stock exchange’s corporate sustainability strategy and initiatives in 2023, as well as assessing the company’s non-financial performance and progress for the period from January 1 to December 31, 2023. The report also demonstrates Boursa Kuwait’s commitment to adopting best-in-class practices in […]

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