ADCB to participate in global green campaign Earth Hour

Press release
Published March 24th, 2011 - 07:44 GMT

Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank announced its involvement in the global initiative of Earth Hour, where participants from over 128 countries and territories have pledged to turn off power for one hour to show a global display of action against climate change. ADCB will join people and businesses across the world on 26 March at 8:30pm local time respectively, and switch off the lights and equipment of its headquarters on Salam Street. The initiative is designed to be a powerful message to encourage the world to take much needed action against the threat of global warming. 

ADCB’s participation in Earth Hour is part of a series of initiatives the Bank has implemented to increase awareness around global warming and its effect on the environment, and about how to reduce our carbon footprint. The Bank is continuously striving to operate in an environmentally friendly manner and to lead efforts amongst its regional peers to take measures to improve our impact. 

Dr. Majdi Abdul Muhdi, Head-Corporate Communications at ADCB said, “ADCB realises that as a Bank we have a social responsibility towards the community and the environment. Our participation in Earth Hour is one way we can do our part, and as the UAE’s third largest bank we must make positive effort to be green. We also hope that our participation will encourage other organisations to take concrete steps to reduce their impact on climate change, a critical issue facing all of us. This is not just one day, however; more action needs to be taken in the future and ADCB intends to participate and lead the effort where possible.”

Earth Hour campaign is open to anybody who would like to participate and is designed to demonstrate that individual action on a mass scale can help change our planet for the better.  

Background Information

Abu Dhabi Commercial Bank

ADCB was formed in 1985 and today after integration employs over 3,350 people from over 45 nationalities, serving approximately 590,000 retail customers and over 20,000 wholesale clients.  It is the third largest bank in the UAE and second largest in Abu Dhabi by assets, at AED 163.7 billion as at March 31st, 2010. 

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative, Islamic products, project finance and property management services. 

ADCB is owned 64.8% by the Abu Dhabi Government through the Abu Dhabi Investment Council.  Its shares are traded on the Abu Dhabi Securities Market. 

ADCB has won the Silver class category of The Sheikh Khalifa Excellence Award (SKEA) for the finance sector in November, 2009.  In February 2010, ADCB won The World Finance Corporate Governance Award for “Best Corporate Governance in the UAE” and was recently named “Best Retail Bank in the UAE and GCC 2010” by The Asian Banker magazine in March 2010.

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