Communication on Progress

Communication on Progress

Participant
Published
  • 11-Jan-2022
Time period
  • January 2021  –  January 2022
Format
  • Stand alone document – Basic COP Template
Differentiation Level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • 23/11/2021

    To our stakeholders:

    I am pleased to confirm that Emirates NBD reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

    In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

    Sincerely yours,

    Shayne Nelson
    Group Chief Executive Officer

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • Throughout its history, the UAE has followed the principles of justice and equality, respect for human rights, humanitarian aid and relief action in line with the principles of the Universal Declaration of Human Rights. Since its inception, the UAE has ensured the founding of a tolerant and multi-cultural community in which individuals from across the world live in harmony, guaranteeing via its constitution their civil liberties.
    As an organization, we are aligned to these principles and they are reflected in our Code of Conduct as well as other internal policies.

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • We have a detailed grievance process in place as well as a whistleblower policy to report any wrongdoing.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • There are periodic reviews by senior management on any human rights related issues.

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • We have policies in place that cover employee rights and responsibilities as well as their compensation and benefits. Furthermore, we have introduced procedures to evaluate suppliers and contractors across human and labour rights, environmental performance, social development, ethics and integrity, product and service quality.

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • We comply with all applicable labour laws and regulations within the UAE.

    The bank is committed to maintaining a workplace free of all forms of unlawful and unfair discrimination and covers discrimination relating to – but not limited to – selection, performance management, compensation, training, placement, transfer, demotion, promotion, disciplinary action and termination.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Periodic reviews by senior management are conducted.

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • As part of our annual sustainability reporting, we asses our carbon emissions and our environmental impact.

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • We are raising awareness among employees about environmental issues and have introduced paper saving and energy consumption initiatives within the organization.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • Our progress is disclosed and included in our annual sustainability report.

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • We have Zero tolerance towards unlawful and/or illegal practices, such acts includes and are not limited to fraud, bribery, harassment, discrimination, misconduct and malpractice. This is specified in the code of conduct as well as related policies.

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • Awareness and training sessions are mandatory for all employees and need to be refreshed on an annual basis.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • Regular internal audits are conducted to ensure adherence to anti-corruption commitments as well as periodic reviews by senior management.