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UAE: Want to plant a tree? Open a bank account

UAE: Want to plant a tree? Open a bank account - BIMC Mangement Consultancies

As UAE marks 2023 as the Year of Sustainability, companies in the UAE are coming up with novel ideas to contribute to efforts combating global warming

As sustainability takes centre stage ahead of COP28 in Dubai, UAE residents can also contribute by planting a tree by merely opening a bank account with a local bank.

Leading Shariah-compliant lender Dubai Islamic Bank (DIB) on Monday said it would plant one tree for every new customer who opens a bank account to support community initiatives, especially related to the environment.

Interestingly, customers will receive specific information also on the trees dedicated to them.

Recently, the Dubai-based Rove Hotels said it would plant at least 28,000 trees by the end of this year by planting one tree for each room booked during the COP28. As reported by Khaleej Times on Monday, Rove hotels are enjoying a very high occupancy level during the conference, some of them already reaching full occupancy.

The 28th edition of the global conference on climate change will be held at Expo City 2020 from November 30 to December 12, 2023. The conference will be one of the largest and most important international gatherings in 2023 with over 70,000 delegates including heads of state and world leaders among 198 countries, the European Union and thousands of non-government organisations, companies, youth groups, and other stakeholders converging onto Dubai.

The project will run in partnership with two non-governmental organisations (NGOs), Emirates Environmental Group and The Storey Group, and will include both trees on land as well as mangrove forest. As part of the initiative, customers will receive specific information on the trees dedicated to them.