Emirates NBD Bank, Ergovan, a company specializing in climate and financial technology, has recently launched a pilot project to promote the banking investment and dissemination of its solution “Azlat” for managing carbon emissions among small and medium enterprises. region.

A proof-of-concept project has been implemented with Ekos Electric, a client of Denizbank, a wholly-owned subsidiary of Emirates NBD Group of small and medium-sized enterprises, a report said yesterday. The customized solution “Azelat” proved its role as a key tool that enabled Ecos Electric to identify the main sources of greenhouse gas emissions and implement campaigns to reduce these emissions based on the data.

This successful pilot project highlights the great potential of the “Azlet” solution based on the SaaS concept, enabling companies and financial partners to better understand and reduce their carbon emissions.

Emirates NBD and Ergovan announced their plans to expand the scope of the program to include small and medium enterprises in the UAE to measure, reduce and offset greenhouse gas emissions.

Vijay Bains, Emirates NBD Group Chief Sustainability Officer and Head of Environment and Social Management, said: “The introduction of Ergovan’s Aslat solution confirms the bank’s commitment to driving the green transition in the Middle East, North Africa and Turkey region.”

He continued: “The bank aims to bridge the digital divide and adopt sustainable practices in line with global environmental goals for customers in the region. By providing digital resources that support environmental, social and corporate governance practices, the Bank seeks to help its customers reduce their environmental footprint, contributing to the Bank’s broader climate goals and affirming its position as a responsible financial institution with a forward-looking perspective. .”

For his part, Paresh Palat, CEO and co-founder of Ergovan, said: “Ergovan’s Aslot solution provides an easy way to manage the carbon footprint of companies of all sizes, and meets the need of the financial sector. Qualitative Data on Emissions.”

In turn, Tonahan Akbaş, Vice President of Ecos Electric, said: “This collaboration to use the (Azelt) solution (Ergovan) is the first step for our company to measure and manage our carbon footprint as we promised. The platform’s proof-of-concept project allowed us to identify the most important sources of our carbon emissions and take direct action to reduce them.

In the same context, Verda Berel Yuzer Oguz, Executive Vice President and Head of the Department of Financial Institutions and Integration of Environmental, Social and Governance Affairs at Denisbank, said: “Our cooperation with (Erguvan) has taken concrete steps on the path of decarbonization. , and the proof-of-concept project implemented in collaboration with… (ECOS Electric) is a solid proof of the Bank’s broad ambitions in the field of climate action.