Dubai, 02 October 2011: Commercial Bank of Dubai announced today that it was awarded the prestigious 'CSR Label' accreditation by the Dubai Chamber of Commerce and Industry. This is in recognition of its performance as a responsible corporate citizen in accordance with international best practices. HE Hisham Abdulla Al Shirawi, Vice-Chairman of Dubai Chamber of Commerce & Industry handed the accolade to Peter Baltussen CEO, CBD, at an awards ceremony held at the Dubai Chamber yesterday.
Upon accepting the award, Peter Baltussen said, "CBD's Vision states that it is a bank that leads the way to greater financial and social prosperity. The bank embodies all key elements of CSR such as corporate governance, contribution to society and community, championing of causes related to health and environment and employee welfare in its overall strategy. The diagnostic framework of the 'CSR Label' has helped us refine and improve our CSR strategy, policies and practice, in line with international best practices."
"Achieving this recognition is a testament to the bank's efforts to operationalize its CSR strategy. The 'CSR Label' is a prestigious accolade for corporate organisations that achieve and adhere to its high standards. The Dubai Chamber deserves commendation for launching the CSR Label which could serve as a CSR benchmark in the UAE. It could also be an effective catalyst to inculcate CSR in the UAE's corporate world," he added.
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About CBD:
Established in the UAE in 1969, Commercial Bank of Dubai offers a wide range of commercial and consumer banking products and services through a network of 28 branches, 166 ATMs and 42 Cheque Deposit Machines spread across the UAE. The Bank is listed in DFM and fully owned by UAE Nationals, including 20% by the Government of Dubai.
For more information, please visit www.cbd.ae or contact:
Mohammad Al Qassem / Sandeep Sharma
Weber Shandwick | MENA
Tel: +971 4 3210 077
Email: mohammad.alqassem@ws-mena.com / sandeep.sharma@ws-mena.com
© Press Release 2011
