Emirates news agency – Morgan Stanley raises Abu Dhabi Commercial Bank’s rating to AA in environmental management schedule
Abu Dhabi, August 22, 2020 (WAM) – Abu Dhabi Business Bank (ADCB) has announced that it has raised its rating from A to AA in the MSCI ESG Index (MSCI ESG) for environmental, social and corporate management .
It is fueled by “pioneering digital transformation efforts” to support small businesses, as well as adoption of the best standards for information security and customer data security.
Thus, the ranking of Abu Dhabi Commercial Bank in the Morgan Stanley Capital International index has moved to the “Leadership” category and is now part of the 29% of companies listed on the MSCI ACWI index, excelling globally. in the fields of the environment, social and business management.
The ADCB has achieved leading results in consumer financial security, strict data protection standards and compliance.
In the area of the emerging workforce, the Bank has achieved advanced marks compared to banks and financial institutions in skills development and training programs for new graduates, and appreciates what the Bank offers. in the skills development environment for employees, especially in the United Arab Emirates. .
The bank’s good performance in the area 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 the current support for individuals, startups and small businesses. Exceptional.
The Abu Dhabi Chamber of Commerce’s executive rating results have increased since April 2021, after reaching the global average for business ethics.
The Morgan Stanley Capital International Index has fueled efforts to mitigate environmental risks in the bank’s lending operations.
ATCB Group CEO Ala Erakot said: “We are proud to have been reclassified in the ATCB Morgan Stanley Capital International Index, one of the world’s leading companies in the field of environmental, social and corporate governance. business. Our commitment to effective risk management and business management efforts. Environment, Community and Business Management Help promote social and economic growth in the UAE and ensure long-term business sustainability. We hope that this achievement will allow us to continue to provide high quality services to our clients and to support the community as a whole.
He added: “We will continue to build on what has been achieved. The bank has already started to develop a comprehensive ESG plan that will be integrated into our next five-year business strategy.