At National Bank of Fujairah (NBF) we recognise our responsibility to all our stakeholders and are committed to serving our shareholders, customers, employees, suppliers, the communities in which we operate and the planet itself.
As a responsible corporate citizen, NBF is committed to engaging with and helping the community, protecting the environment and developing local talent.
Sustainability is at the core of NBF’s business. Guided by our robust ESG strategy, we aim to grow our standing as a good corporate citizen and become a leader in sustainable finance in the region, creating a positive impact on the environment and our community.
To increase our positive impact on society and the sustainable growth of the UAE, we have widened the vision, goals and frameworks of NBF by aligning with key national and global sustainability standards and strategies.
NBF 2022 ESG Report
NBF’s 2022 ESG Report is aligned to the GRI standards and highlights our important achievements and plans in line with our sustainability framework for the period of 1st January to 31st December 2022.
NBF Sustainability Framework
We have made ESG a key priority and reviewed our sustainability framework in 2022 along with undertaking a materiality assessment to highlight our relative focus on a range of ESG matters. Built around six key pillars, the framework is aligned with our corporate mission and values, the priorities of investors, stakeholder interests, national goals, and global standards and frameworks.
1. Prioritising sustainable and inclusive banking
NBF acknowledges its role in promoting sustainable growth and the transition to a low-carbon economy. As a financial services business we aim to use our financial expertise and products to support our clients to become more sustainable, mitigate climate change and protect the environment.
2. Spearheading digital innovation
In line with the UAE’s Centenary 2071 plan, NBF will continue to be positioned as a ‘digital-enabled’ Bank by providing digital banking solutions to our customers, meeting their expectations, and building lasting relationships. In 2022, we continued to invest in our core business, accelerating digital innovation and concentrating on the interests and needs of our customers. Data security is at the heart of NBF’s digital transformation strategy. We continually pursue efforts to strengthen security controls and data privacy measures.
3. Reducing environmental impact
Looking after our planet and safeguarding the environment is one of key pillars of our sustainability framework. NBF is committed to conducting our operations and business activities responsibly in alignment with national and international environmental standards to reduce our carbon footprint and conserve natural resources. NBF makes every effort to support energy efficiency and sustainability. Green initiatives are a key focus in NBF’s strategy and ongoing projects. We have set clear targets for reducing our carbon footprint and power use, and increasing our use of green energy, by 5 per cent each year between now and 2027.
4. Nurturing local pioneers
NBF undertook a number of initiatives towards supporting the local community in 2022. We place a particular focus on developing the talent of UAE nationals, as they are the country’s leaders of tomorrow. We aim to help equip them with the knowledge and skills they need to achieve their career goals while contributing to the country’s economic growth.
5. Maintaining a safe and diverse workplace
All NBF employees have the right to enjoy a safe and secure workplace. We seek to create and maintain a work environment that is inclusive of and respectful to every individual, regardless of their age, gender, ethnicity, religion, or disability.
6. Governance, integrity & risk management
NBF is committed to maintaining the highest standards in all our operations and activities, including compliance, business ethics and risk management. We adhere to best practices to discharge our duties and responsibilities, ensure transparency and disclosure, encourage justice and equality, manage risk, regulate shareholder practices and promote wider societal development. All of our employees are required to be aware of and adhere to the Bank’s Code of Conduct, and to act at all times in accordance with our vision and principles. NBF conducts regular audits to ensure integrity throughout our business.