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Emirates NBD & Microsoft team to fuel sustainability solutions

By Gloria Mathias

December 06, 2023

  • Banking Solution
  • Emirates Nbd
  • FinTech Investment

Emirates NBD, Middle East, Komgo, FinTech Investment, Trade Finance, Microsoft, Sustainability Manager, MENAT, Banking Solution, Emirates NBD, a banking group in the MENAT (Middle East, North Africa, and Türkiye) region, has collaborated with Microsoft to implement Microsoft Sustainability Manager, a Microsoft Cloud for Sustainability solution, to drive digital transformation in its sustainability operations.

Emirates NBD is one of the banks in the region to successfully integrate a Sustainability Manager into its sustainability journey, which will drive efficiencies by engaging on all horizons, core banking business, sustainability data visualisation, and transformation simultaneously.

The implementation continues the bank’s ongoing collaboration with Microsoft to enable the focused advancement of sustainability goals through knowledge sharing, collaborative frameworks, and the development of future commitments.

Sustainability Manager is an extensible solution that unifies data intelligence and provides comprehensive, integrated, and automated sustainability management for organizations at any stage of their sustainability journey. It automates manual processes, enabling organizations to efficiently record, report, and reduce their emissions and water or waste impacts.

The initiative is an additional step towards fulfilling Emirates NBD’s vision to be the most innovative bank for its customers, people, and communities. Emirates NBD’s sustainable and responsible business practices have had a direct, meaningful impact on the communities it serves, and the bank continues to lead the way in building more inclusive and empowered communities.

Vijay Bains Group Chief Sustainability Officer and Group Head of ESG at Emirates NBD, said, “Our collaboration with Microsoft marks a significant milestone in our sustainability journey, and the deployment of Microsoft Sustainability Manager demonstrates our commitment to integrating ESG in our overall strategy and investment decisions. Our sustainable Finance Framework is aligned with Sustainability Manager and gives us visibility to access intelligence required to issue Sustainable Finance Instruments to finance and refinance projects which enable the transition to a low-carbon and climate-resilient economy and provide positive societal impact.”

Sherif Tawfik, Chief Sustainability Commercial Officer at Microsoft, shared, “We are happy to collaborate with Emirates NBD to drive digital transformation in their sustainability operations. The successful implementation of Microsoft Sustainability Manager will enable Emirates NBD to efficiently record and report their emissions and ultimately contribute to achieving their sustainability targets.”

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