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Emirates NBD Cuts ESG Reporting Time by 75% with Microsoft Sustainability Manager

Emirates NBD Cuts ESG Reporting Time by 75% with Microsoft Sustainability Manager

Emirates NBD Cuts ESG Reporting Time by 75% with Microsoft Sustainability Manager
Listen to this story:
  • 75% Reduction in Reporting Time: Emirates NBD slashed ESG data reporting from 3 months to 1 week.
  • Near Real-Time Environmental Insights: The bank leveraged dashboards for quick, data-driven sustainability decisions.
  • 50% Emissions Reduction: Surpassing its initial 5% target within a year.

Emirates NBD Group, a financial powerhouse across 13 countries, transformed its cumbersome emissions data collection process with Microsoft Sustainability Manager, cutting reporting time by 75% and enhancing real-time decision-making.

The challenge:

Complex and time-consuming data collection delayed Emirates NBD’s sustainability initiatives. “If we have to wait a year to understand our environmental impact, it will take us two years to actually make a change,” said Vijay Bains, Chief Sustainability Officer and Group Head of ESG at Emirates NBD Group.

Vijay Bains, Chief Sustainability Officer and Group Head of ESG at Emirates NBD Group

The solution:

Implementing Microsoft Sustainability Manager provided seamless integration, upskilling stakeholders, and delivering efficient ESG reporting. “An exercise that previously took three months now can be completed in about a week,” shared Seema Shetty, Head of Corporate Social Responsibility.

Faster, Smarter Decisions with Real-Time Data

Dashboards over spreadsheets: The new system replaced piles of paper with insightful dashboards, enhancing decision-making speed. “Instead of waiting for the end of the quarter or the year, we can pivot quickly based on the data,” Shetty emphasized.

Data-driven pivots: Emirates NBD discovered IT, not executive travel, was its largest emissions source. This insight led to targeted initiatives like investing in a solar plant in Türkiye.

Exceeding Sustainability Targets

  • Results: The bank targeted a 5% emissions reduction but is now approaching 50%. “It’s a big selling point for customers,” Bains highlighted.
  • Broader impact: Emirates NBD aims to expand its sustainability program into biodiversity, water conservation, and waste management, setting a benchmark for corporate sustainability.

Looking Ahead:

AI Integration and Corporate Collaboration

  • AI for ESG reporting: The bank plans to integrate artificial intelligence to manage growing ESG data volumes and tailor reports to diverse stakeholders.
  • Collaborative impact: Emirates NBD will enable corporate customers to use Microsoft Sustainability Manager, promoting broader adoption of sustainable practices.

The bottom line:

Emirates NBD’s strategic adoption of Microsoft Sustainability Manager not only streamlined ESG reporting but also drove substantial emissions reductions and set new standards for corporate sustainability in the region.

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