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Emirates News Agency - Morgan Stanley Upgrading Abu Dhabi Commercial Bank's rating to AA in Environmental Management Schedule

Emirates News Agency – Morgan Stanley Upgrading Abu Dhabi Commercial Bank’s rating to AA in Environmental Management Schedule

  • Raise the rating " Abu Dhabi Commercial Bank " Morgan Stanley to AA on the Environmental Management Schedule

Abu Dhabi, August 22, 2020 (WAM) – Abu Dhabi Business Bank (ADCB) has announced that it has upgraded its rating from A to AA in the MSCI ESG Index (MSCI ESG) for Environment, Social and Corporate Management.

It is powered by “pioneering digital transformation efforts” to support small businesses, as well as adopting the best standards of information security and customer data security.

Thus, the Abu Dhabi Commercial Bank’s ranking in the Morgan Stanley Capital International Index has risen to the category of “Leadership” and is now one of the 29% companies listed on the MSCI ACWI Index, excelling globally in the areas of environmental, social and corporate management.

ADCB recorded industry-leading results in delivering consumer financial security, strong data protection standards and compliance.

In the field of emerging manpower, the Bank has achieved advanced ratings compared to banks and financial institutions in skills development and training programs for new graduates, and it appreciates what the Bank offers in the skills development environment for employees, especially in the United Arab Emirates.

The strong performance of the bank in the field of “community management” played a major role in improving its rating. In this regard, this indicator highlights the digital banking services that the Bank recently launched during the global epidemic. Significant impact on providing support at this time for individuals, startups and small businesses. Exceptional.

Abu Dhabi Chamber of Commerce’s Corporate Management’s rating results have increased since April 2021, after reaching the global average for business ethics.

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Morgan Stanley Capital International index favored efforts to mitigate environmental risks in the bank’s lending operations.

ATCB Group CEO Ala Erakot said: “We are proud to have been upgraded to the ATCB Morgan Stanley Capital International Index, one of the world’s leading companies in the field of environmental, social and corporate governance. Our commitment to effective risk management and corporate management efforts. Environment, Community and Corporate Management Contributes to promoting social and economic growth in the UAE and ensuring long-term business sustainability. We hope this achievement will allow us to continue to provide high quality services to our customers and support the community as a whole.

He added, “We will continue to build on what has been achieved. The bank has already begun to develop a comprehensive ESG plan that will be integrated into our next five-year business strategy.”

He praised-

WAM / Ahmad Al Nuaimi / Azam Al Quli