- Sustaining a consistent Net Interest Margin (NIM) due to anticipated interest rate reductions in 2024
- Decreasing non-performing asset (NPA) levels to below 5.0% within the next two years
- Anticipated global economic slowdown impacting the region through volatile oil prices and potential interest rate reductions
National Bank of Umm Al Qaiwain (P.S.C)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, National Bank of Umm Al Qaiwain (P.S.C) disclosed greenhouse gas emissions of 1.7M kg of CO2e. By scope: Scope 2: 1.7M kg of CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.7M kg of CO2e
2023
Water Usage
763.2K gallons (100% reclaimed)
2023
Waste
11.6K kg of paper recycled
2023
Energy Use
8.5K kWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.7M kg of CO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 5.26% annual reduction in energy consumption at the Head Office
- 5.35% reduction in Scope 2 emissions compared to 2022
- AED 121.21 million investment in Green Bonds
- 100% of the water consumed at the Head Office was reclaimed, treated, and used for plant watering
- Recycled 11,640 kg of paper in 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Enhance security and privacy protection technologies, strengthening data classification and enforcement by March 2025
📅 Medium-term
- Decrease non-performing asset (NPA) levels to below 5.0%
- Develop NBQ’s Sustainable Finance Framework (publicly available in Q2 2024)
- Expand CSR initiatives, educating staff and customers on environmental and social issues over the next five years
🔭 Long-term
- Achieve net zero in Scope 1 and Scope 2 emissions
🌱 ESG Focus Areas
Business Excellence & Customer ExperienceESG Risk Management and Sustainable FinanceResponsible BankingEmployee Development & Diversity