Latest news with #ZohaibAliZahid
Al Bawaba
30-05-2025
- Business
- Al Bawaba
Ajman Bank partners with Canon Middle East to implement sustainable print initiatives
Ajman Bank has partnered with Canon Middle East to launch a Climate Contribution Project, focusing on offsetting greenhouse gas emissions from ink, paper, and electricity consumption across the bank's Canon-related printing operations. Managing over four million impressions annually, this sustainability initiative will compensate for 25 tons of CO2 emissions, demonstrating both organizations' commitment to environmental program leverages sophisticated software tools to calculate the greenhouse gas emissions associated with the use of Canon printers and multi-function devices in partner organizations and then invests in projects that compensate the same amount of CO2 in a different place. Further, integrating Canon's advanced Managed Print Services and intelligent digital workflow solutions, such as uniFLOW, enables organizations to optimize their processes while significantly reducing energy consumption and environmental Ali Zahid, Head of ESG at Ajman Bank, commented: 'Ajman Bank is dedicated to advancing sustainability in all its operations, and our collaboration with Canon to offset our environmental footprint is one of the steps toward this goal. This initiative specifically targets minimizing the impact of paper consumption and printing activities across the Bank, promoting sustainable practices and behaviors at an individual level.'Abdulaziz Al Ali, Head of Administration at Ajman Bank, added: 'This is one of the many initiatives we are undertaking to reduce the Bank's greenhouse gas emissions from internal operations, alongside adopting other energy- and resource-efficient practices.'The Climate Contribution Project forms part of Canon's global portfolio of certified climate compensation initiatives. These projects span multiple continents, delivering tangible environmental impact through innovative solutions such as wind energy developments in India and Indonesia, cookstove programs in Uganda to combat deforestation, and reforestation Bakhour, B2B Business Unit Director at Canon Middle East, said: 'At Canon, we are committed to fostering sustainable business practices that align with our philosophy of Kyosei—living and working together for the common good. Our partnership with Ajman Bank exemplifies how organizations can take proactive steps toward reducing their carbon footprint from Print operations while advancing their digital transformation journey. Together, we aim to create a blueprint for responsible and sustainable Print operations in the UAE and the Middle East region.'The initiative is certified by Gold Standard, the internationally recognized verification body, and independently authenticated by Climate Partner. This dual-tier validation ensures credibility and adherence to ISO16759:2013 standards for carbon footprint quantification. This program aligns with the growing emphasis on responsible procurement practices among companies and governments, supporting ESG-compliant sourcing. Canon continues to engage with diverse stakeholders—from large enterprises and government entities to academic institutions and SMEs—demonstrating a shared commitment to environmentally conscious operations.
TECHx
29-05-2025
- Business
- TECHx
Ajman Bank Partners with Canon on Climate Project
Home » Green Tech » Ajman Bank Partners with Canon on Climate Project Ajman Bank has announced a partnership with Canon Middle East to launch a Climate Contribution Project. The initiative focuses on offsetting greenhouse gas emissions from ink, paper, and electricity used in Canon-related printing operations across the bank. The project aims to compensate for 25 tons of CO2 emissions annually. Currently, Ajman Bank manages over four million print impressions each year. This move reflects a strong commitment to environmental responsibility from both organizations. The bank revealed that the program uses advanced software to calculate emissions from Canon printers and multifunction devices. It then supports certified projects that compensate for an equal amount of CO2 in other regions. Canon's Managed Print Services and digital workflow solutions, such as uniFLOW, are integrated into the program. These tools help optimize operations while reducing energy use and environmental impact. Zohaib Ali Zahid, Head of ESG at Ajman Bank, stated that the bank is committed to sustainability across its operations. He highlighted that the initiative supports efforts to reduce the environmental footprint of paper and printing activities. Abdulaziz Al Ali, Head of Administration at Ajman Bank, added that this is one of several initiatives to cut greenhouse gas emissions. He reported that the bank is also adopting energy and resource-efficient practices internally. Canon confirmed that this project is part of its global climate compensation efforts. These include: Wind energy developments in India and Indonesia Clean cookstove programs in Uganda Reforestation projects worldwide Shadi Bakhour, B2B Business Unit Director at Canon Middle East, emphasized that Canon is dedicated to sustainable practices aligned with its philosophy of Kyosei. He said the collaboration with Ajman Bank serves as a model for responsible print operations in the UAE and the Middle East. The initiative is certified by Gold Standard and verified by Climate Partner. It meets ISO16759:2013 standards for carbon footprint quantification. Ajman Bank reported that the program also aligns with growing interest in ESG-compliant procurement. Canon continues to work with various stakeholders, including businesses, governments, and academic institutions, to promote environmentally conscious practices.
Zawya
29-05-2025
- Business
- Zawya
Ajman Bank partners with Canon Middle East to implement sustainable print initiatives
Program integrates advanced Managed Print Services and digital workflow solutions. Certified by Gold Standard for verified environmental impact. Dubai, United Arab Emirates – Ajman Bank has partnered with Canon Middle East to launch a Climate Contribution Project, focusing on offsetting greenhouse gas emissions from ink, paper, and electricity consumption across the bank's Canon-related printing operations. Managing over four million impressions annually, this sustainability initiative will compensate for 25 tons of CO2 emissions, demonstrating both organizations' commitment to environmental responsibility. The program leverages sophisticated software tools to calculate the greenhouse gas emissions associated with the use of Canon printers and multi-function devices in partner organizations and then invests in projects that compensate the same amount of CO2 in a different place. Further, integrating Canon's advanced Managed Print Services and intelligent digital workflow solutions, such as uniFLOW, enables organizations to optimize their processes while significantly reducing energy consumption and environmental impact. Zohaib Ali Zahid, Head of ESG at Ajman Bank, commented: 'Ajman Bank is dedicated to advancing sustainability in all its operations, and our collaboration with Canon to offset our environmental footprint is one of the steps toward this goal. This initiative specifically targets minimizing the impact of paper consumption and printing activities across the Bank, promoting sustainable practices and behaviors at an individual level.' Abdulaziz Al Ali, Head of Administration at Ajman Bank, added: 'This is one of the many initiatives we are undertaking to reduce the Bank's greenhouse gas emissions from internal operations, alongside adopting other energy- and resource-efficient practices.' The Climate Contribution Project forms part of Canon's global portfolio of certified climate compensation initiatives. These projects span multiple continents, delivering tangible environmental impact through innovative solutions such as wind energy developments in India and Indonesia, cookstove programs in Uganda to combat deforestation, and reforestation efforts Shadi Bakhour, B2B Business Unit Director at Canon Middle East, said: 'At Canon, we are committed to fostering sustainable business practices that align with our philosophy of Kyosei—living and working together for the common good. Our partnership with Ajman Bank exemplifies how organizations can take proactive steps toward reducing their carbon footprint from Print operations while advancing their digital transformation journey. Together, we aim to create a blueprint for responsible and sustainable Print operations in the UAE and the Middle East region.' The initiative is certified by Gold Standard, the internationally recognized verification body, and independently authenticated by Climate Partner. This dual-tier validation ensures credibility and adherence to ISO16759:2013 standards for carbon footprint quantification. This program aligns with the growing emphasis on responsible procurement practices among companies and governments, supporting ESG-compliant sourcing. Canon continues to engage with diverse stakeholders—from large enterprises and government entities to academic institutions and SMEs—demonstrating a shared commitment to environmentally conscious operations.
Zawya
02-05-2025
- Business
- Zawya
Ajman Bank unveils ambitious net zero strategy and AED4bln sustainable finance commitment
Ajman, UAE: Ajman Bank has today announced a landmark environmental sustainability strategy, setting bold targets to achieve Net Zero emissions across its operations while mobilising significant capital towards sustainable finance initiatives. The comprehensive plan establishes clear milestones: achieving Net Zero for Scope 1 and 2 emissions by 2030, followed by full Net Zero status across all emission scopes – including the more challenging Scope 3 financed emissions – by 2050. Alongside these environmental targets, the Bank has committed to channelling AED 4 billion into sustainable finance by 2030, reinforcing its position as a leader in Shari'ah-compliant sustainable investment. This strategic initiative aligns with both the UAE's Net Zero 2050 Strategic Initiative and the Ajman Vision 2030, positioning the Bank at the forefront of the national transition towards a low-carbon economy while maintaining adherence to Islamic banking principles. Ajman Bank Chief Executive Officer Mustafa Al Khalfawi said: "Our Net Zero strategy represents the convergence of our financial expertise and environmental responsibility. As custodians operating within the framework of Islamic finance, we recognise that true stewardship extends beyond financial assets to encompass our natural resources and environmental heritage. 'This strategy enables us to make meaningful contributions to the UAE's climate ambitions while creating sustainable value for our stakeholders." Ajman Bank's Net Zero strategy is built on three pillars: decarbonising operations by 2030, addressing financed emissions by 2050, and driving AED 4 billion into sustainable finance. The Bank is advancing a bold, principles-led approach to climate action - backed by investments in clean energy, green buildings, water conservation, and low-carbon transport. Additionally, the Bank will develop specialised Shari'ah-compliant green financial instruments to facilitate the transition to sustainable economic activities across various sectors. Ajman Bank Head of Enterprise Project Management Office & ESG Zohaib Ali Zahid said: "We have developed a structured framework that integrates sustainability considerations into every aspect of our business model. This includes comprehensive emissions measurement protocols, strategic reduction initiatives and innovative financial product development. 'By establishing this robust infrastructure, we can ensure that our environmental commitments translate into tangible actions and measurable results, creating lasting value for our shareholders, clients and the broader community." The announcement was made during a formal ceremony at Ajman Bank's headquarters, attended by distinguished members of the UAE Banks Federation (UBF) Sustainable Finance Committee and the Bank's strategic partners in sustainable development.
