Green Banking

Green Banking is an emerging concept for Environment sustainability it means promoting Environment friendly practices for sustainable growth and reduces the carbon footprint from the banking industry. Using online banking instead of branch banking, paying bills online instead of mailing them, opening online bank account are now added features to the banking technology and contributing to the environment sustainability.

Dubai Islamic bank being an Islamic bank has more responsibility in protecting the environment, wise use and conservation of natural resources. We are cognizant of the environmental consequences of our actions and work towards developing a sustainable business that benefits all our stakeholders.

The following are the achievements of the Bank:

• The Bank has Green Banking Policy approved by the Board of Directors.
• At present, the Green Banking Office has revised the Policy as per the ESRM Manual issued by SBP in Nov 2022.
• The Bank has established a Green Banking Office (GBO) under the ambit of the Risk Management.
• A Green Banking Officer has been deployed for green banking activities.

The following are the initiatives taken by Dubai Islamic Bank Pakistan Limited:

1) Own Impact Reduction:

• The Green Banking awareness training has been made a part of training and development to create awareness about the Green Banking within the organization through e-learning portal that is designed to minimize the resource consumption.
• The GBO is circulating emails bank wide with respect to the Green Banking Guidelines to educate the bank staff on environmental issues.
• In ATMs, the option for transaction receipts has been made optional to reduce the paper wastage and printing related consumptions.
• The GBO have assigned resource consumption targets to some of our branches under which electricity, fuel, and paper are covered.
• Baseline scenario of resource consumption for its branches has been developed and data is being collected on monthly bases.
• Currently, seven ATMs are working on solar. The Bank aims to convert some of its branches to renewable energy source.

2) Environmental and Social Risk Management:

• An Environmental Risk Rating (ERR) Model has been deployed and implemented on loan originating system.
• Furthermore, the Environmental and Social Due Diligence (ESDD) as per the ESRM Manual is being deployed on loan originating system.
• Mechanism for reviewing clients for compliance of applicable environmental requirements has been developed.

3) Green Business Facilitation:

• The Bank has started providing facilitation to its customers in green products under the SBP’s scheme “Islamic Financing for Renewable Energy”.

For further information and queries, write to us at:

Green Banking Office

Dubai Islamic Bank, Head
Office, 2^nd Floor, Hassan Chambers, DC-7, Block 7, Kehkashan,
Clifton, Karachi, Pakistan.

Email: [email protected]