By Brazil Stock Guide – Ajman Bank, one of the leading Islamic financial institutions in the United Arab Emirates, signed a long-term strategic partnership with Ambipar Oriente Médio, the Middle East arm of Brazil’s Ambipar Group (AMBP3.SA), a multinational recognized for its global expertise in environmental solutions.
The agreement, sealed on Aug. 4, 2025, at Ajman Bank’s headquarters, marks a significant step in the lender’s carbon neutrality roadmap. The collaboration seeks to integrate environmental expertise, technological innovation, and the ethical principles of Islamic banking, reinforcing the bank’s sustainability leadership in the Gulf region.
Concrete environmental targets
Under the deal, Ambipar will design a comprehensive strategy for measuring, reducing and offsetting Ajman Bank’s Scope 1, 2 and 3 emissions. The company will deploy carbon accounting, mitigation planning, and blockchain-based tracking tools to ensure compliance with international standards.
Ajman Bank also plans to launch green financial products, including carbon-neutral credit cards and sustainable savings accounts. Customers will be able to offset their emissions directly through certified carbon credits sourced from forest conservation projects.
Cleaner operations and waste-free certification
The alliance extends to Ajman Bank’s operations, aiming at “Zero Waste” certification for its branches through improved waste management, environmental compliance, and emergency response services. The lender also intends to expand its Sustainability Center of Excellence, helping corporate clients adopt ESG standards by offering emissions monitoring, corporate reporting and regulatory compliance solutions.
Social engagement and green education
A joint initiative under evaluation, dubbed “Green Route”, will invite Ajman Bank clients to participate in tree-planting programs across the UAE, providing environmental certificates in return. The program seeks to foster community engagement and strengthen local ecological awareness.
Leaders’ statements
Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, underscored the significance of the partnership:
“This partnership with Ambipar represents an important milestone in our journey towards sustainability. Through it, we reaffirm our commitment to responsible practices, innovation and leadership by example, always aligned with the UAE’s national sustainability agenda.”
Rafael Tello, President of Ambipar Middle East, added:
“This partnership is a strong step in our mission to support the UAE’s path towards carbon neutrality. Our goal is to make sustainability a shared value, reflected in every decision and operation.”
He emphasized Ambipar’s global commitment:
“Our mission at Ambipar is to contribute to a world free of emissions. Walking alongside Ajman Bank in this journey is a responsibility we deeply value. Our pledge is clear: to transform promises into concrete actions that deliver real impact for the climate, for business and for future generations.”
Regional leadership in green banking
With the agreement, Ajman Bank cements its role as a regional frontrunner in environmental innovation within the financial sector. Clients will gain access to Ambipar’s certified carbon and sustainability platform, allowing them to track emissions and align with global climate goals.
The partnership establishes a new model where finance and environmental stewardship converge, signaling that sustainable development is no longer optional but a fundamental requirement for the banking industry.
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