Abu Dhabi Commercial Bank (ADCB) has joined forces with Mastercard to launch the Mastercard Carbon Calculator in the Middle East, providing an innovative tool aimed at enhancing corporate sustainability efforts.
This calculator is designed to help businesses assess their carbon emissions resulting from expenditure decisions. Developed in collaboration with Swedish fintech company Doconomy, the tool was officially introduced during the recent COP28 climate conference.
The Carbon Calculator enables users to gain insights into their estimated carbon footprints based on their purchasing behaviors, aligning closely with the UAE’s commitment to achieving net-zero emissions by 2050.
As part of the Paris Agreement framework, ADCB is actively involved with the United Nations’ Net-Zero Banking Alliance and has also entered Mastercard’s Priceless Planet Coalition.
Mohammed Al Jayyash, Group Chief Operations Officer at ADCB, stated: “ADCB is committed to a robust climate strategy that reflects the UAE’s vision for a comprehensive, net-zero economy. Central to our approach is our dedication to assisting our customers in navigating their transition toward sustainability. Collaborative efforts are vital in this process; our partnership with Mastercard is instrumental in advancing the Bank’s objectives to foster sustainable business practices. We are proud to offer the Carbon Calculator to our corporate clients, facilitating the assessment of environmental impacts and supporting informed decision-making for a greener future.”