Ajman Bank has formed a long-term strategic partnership with environmental solutions company Ambipar to accelerate its net-zero ambitions and expand sustainable finance in the UAE.
The collaboration, announced on 4 August at the bank’s headquarters, aims to align financial services with the country’s climate goals while creating new opportunities for customers to reduce their environmental footprint.
Ambipar, a global leader in environmental and carbon management, will work with Ajman Bank to integrate green technologies, carbon accounting tools, and verified emissions offset platforms into the bank’s operations and product portfolio.
Roadmap to net zero
Under the agreement, the two organisations will jointly develop a strategy to measure, mitigate, and offset greenhouse gas emissions across Ajman Bank’s activities. This includes Scope 1, 2 and 3 emissions — from direct operations to supply chain and financed activities.
Ambipar will provide blockchain-based traceability systems to ensure transparency in carbon reduction efforts, a move intended to strengthen credibility with regulators and investors.
Green finance innovation
The partnership will also explore new banking products designed to embed sustainability into everyday transactions. Proposals include carbon-neutral credit cards, green savings accounts, and tools enabling customers to offset emissions in real time through verified carbon credits linked to global forest conservation projects.
Ajman Bank’s 12-branch network will also undergo environmental upgrades, with support from Ambipar on waste management, zero-waste certification, and regulatory compliance.
Sustainability hub for corporates
Ajman Bank’s Sustainability Centre of Excellence (SCoE) will partner with Ambipar to support corporate clients in meeting global environmental, social, and governance (ESG) requirements. Services will include decarbonisation planning, ESG reporting, and compliance with emerging climate regulations.
Community engagement is also a key focus, with the potential introduction of a “Green Path” initiative allowing clients to contribute to local tree planting, gain environmental certification, and participate in regenerative projects.
Shared vision
Mustafa Khalfawi, Chief Executive of Ajman Bank, said the deal marked “a significant milestone” in the bank’s sustainability journey.
“Through this partnership, the bank reaffirms its dedication to responsible, forward-thinking practices and sets a clear path toward adopting leading sustainability standards,” he said.
Rafael Tello, President of Ambipar Middle East, described the alliance as “a powerful step forward” in supporting the UAE’s net-zero targets.
“Our aim is to make sustainability not just a goal, but a shared value embedded in everyday operations and decisions,” he said.
First in the region
Ajman Bank is the first in the region to join forces with Ambipar, giving its clients access to internationally verified carbon services and measurable climate impact tools.
The agreement comes as the UAE continues to promote sustainable economic growth, with national strategies targeting carbon neutrality by 2050.
By combining financial innovation with environmental expertise, the partners say they aim to turn sustainability from a commitment into a daily reality for businesses and individuals alike.
