Ajman Bank & KPMG Forge ESG Partnership 

With Badreldin Elmogadam, SVP- Head of Legal Affairs Division (pictured), at the helm of its legal department, Ajman Bank has recently forged a strategic partnership with KPMG ESG Services, marking a significant step in its dedication to upholding environmental, social, and governance (ESG) principles. In line with the UAE’s focus on sustainability in 2023, Ajman Bank is committed to fostering sustainable practices across various sectors, aligning itself with the nation’s collective effort. 

At the heart of this collaboration is the development of Ajman Bank’s inaugural ESG Framework, which will outline a clear roadmap and long-term vision for sustainability.  

Mustafa Al Khalfawi, Group CEO of Ajman Bank, commented, “Responsible banking goes beyond financial transactions; it is about creating a sustainable legacy for future generations. At Ajman Bank, we are dedicated to embedding sustainability into the heart of our operations, reflecting our commitment as a leading Islamic financial institution to ethical, environmental, and social governance. Our partnership with KPMG ESG Services marks a pivotal moment in our journey towards responsible and sustainable banking while contributing to the UAE’s sustainability objectives.” 

Under the guidance of KPMG’s ESG expertise, Ajman Bank will conduct a thorough assessment to establish its carbon footprint baseline, identify strategic sustainability priorities, set achievable milestones, and chart pathways toward a sustainable future for the bank, its clients, and the communities it serves.