Abu Dhabi: National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, will host a lecture on the rationale and benefits of the clean development mechanism (CDM) to ensure sustainable economic Growth on July 22nd, 2008 at 7:30 PM at NBAD head office in Abu Dhabi.
The lecture, the second one in NBAD's Awareness Sharing Knowledge (A.S.K.)" quarterly lectures in 2008, will be delivered by Mr. Ivano Ianelli, Chief of the Program Development Unit with the United Nations Office for Project Services (UNOPS) in Dubai.
NBAD's A.S.K. lecture series was launched in 2005 as part of its corporate social responsibility (CSR) to encourage organizational learning and information sharing. The lectures provide an interactive forum for customers' employees, business partners, and members of the community to share and communicate up-to-date information, market news and future opportunities and expectations.
Clean Development Mechanism (CDM) allows a country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol to implement an emission-reduction project in developing countries. Such projects can earn saleable certified emission reduction (CER) credits, each equivalent to one tonne of CO2, which can be counted towards meeting Kyoto targets.
A Clean Development Mechanism project activity might involve a rural electrification project using solar panels or the installation of more energy-efficient boilers. The mechanism stimulates sustainable development and emission reductions,
"Since its inception in 1968, NBAD has been playing significant and leading roles in the economic and social development of the UAE. This lecture comes as a direct and tangible link to NBAD's approach to corporate social responsibility. We aim to bring world class leaders and experts within the reach of the UAE community and to make comprehensive knowledge sharing opportunities accessible to everyone" Said Mr. Abdulla Mohammed Saleh AbdulRaheem, NBAD's Senior General Manager and Group Chief Operating Officer
"We are delighted that Mr. Ivano Iannelli, Chief of the Program Development Unit with the United Nations Office for Project Services (UNOPS), will be speaking at our ASK lecture. It is a valuable opportunity to our stakeholders, customers, business partners, and the community in general to share knowledge and views with one of the experts in this important topic especially as it comes in a time characterized by uncertainties about the future of energy sources and sustainable development" he added.
"With his extensive knowledge and experiences, Mr. Ivano Iannelli is the perfect choice to discuss these issues. As Chief of the Program Development Unit with the United Nations Office for Project Services (UNOPS) in Dubai, he covers the strategy, design, and planning of projects and programs whilst advocating best practices and knowledge sharing.
As a management consultant, he helps entities with their strategic initiatives and capacity building towards effective CSR programs and Public-Private Partnerships (PPP). He has been very active in bridging the gap between private sector involvement in CSR activities and humanitarian programs, with an effort towards availing of institutional memory and business practices in joint initiatives. Currently, he is working on a project framework to foster the development of the Clean Development Mechanism in the Middle East. He is also pursuing the facilitation of Carbon Projects in some of the challenging rural economies where UNOPS operates in order to avail of CDM financing to boost local economies" NBAD's Senior General Manager and Group Chief Operating Officer explained.
"Hosting the 11th ASK lecture since the inception of the lecture series, is a milestone and a result of NBAD's commitment to the principle of corporate social responsibility (CSR) and its desire to support the community" said Mrs. Belinda Al Baluchi NBAD's CSR Officer.
"The A.S.K lectures aim to offer continued learning opportunities for our stakeholders as well as to build awareness and knowledge on important global regional and national topics" she added.
"Historically, banks have been viewed to be the trustees of public funds in addition to their commercial role. And the principles of Corporate Governance and corporate social responsibility are the pillars which underpin the success of an organization" Mrs. Al Baluchi concluded.
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About NBAD
The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, was incorporated in 1968. NBAD has a network of 78 branches in the UAE in addition to Cash offices that are spread out at remote locations to provide banking services to customers stationed at offshore oil operations and in desert locations as well as other government organizations. NBAD also has three Shift offices inside the security areas of the Abu Dhabi International Airport providing currency & traveler's cheques exchange services.
The branch network is widened further with 214 ATMs through which customers perform a variety of transactions.
Besides brick & mortar branches, NBAD provides 24 hour internet banking accessibility through NbadOnline and NbadDirect, as well as account access and personalized customer support through the 24-hour Call Centre.
NBAD's overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C., Egypt and Sudan in Africa, London, Paris, and Geneva in Europe to Washington D.C. in the U.S.A.
The bank provides its customer with a wide variety of financial services targeted at all segments of the retail and corporate market in addition to Fund Management, Brokerage, Leasing, Property Management businesses and Private Banking.
NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving one of the strongest combined rating of any Middle Eastern financial institution.
NBAD is an award winning leader in the UAE and GCC financial services industry. Awards won by the bank include the Middle East Excellence Award 2008, the Mohamed Bin Rashid Al Maktoum Business Award 2007, the Sheikh Khalifa Excellence Award, Dubai Quality Award, 'Best Bank in UAE' from Euromoney and Banker publications, 'Human Resources Development Award' from the Emirates Institute for Banking & Financial Studies, the 'Middle East e-Banking Country Award', the 'Outstanding use of IT in Financial Services Award, and excellence award for 'Best use of Technology' from Banker Middle East.
For Media enquires, please contact:
Ehab Khairi
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
Mob: + 971508126799
Email: ehab.hassan@nbad.com
Web: www.nbad.com
© Press Release 2008
