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Tadweer Group and Abu Dhabi Islamic Bank PJSC (ADIB) have signed an agreement under which ADIB's electronic waste and end-of-life IT assets will be processed and recycled through Enviroserve, Tadweer Group's e-waste recovery subsidiary.
The agreement builds on the existing collaboration between both organisations, which began with Tadweer Group delivering integrated waste management and recycling services at ADIB’s headquarters, before expanding to include circular economy awareness workshops for ADIB employees.
The new e-waste agreement establishes a long-term circular recovery programme that brings together environmental responsibility, secure asset management, and the recovery of commercial and environmental value within an integrated operating model.
The agreement will support the safe and responsible management of electronic waste by collecting and processing ADIB’s end-of-life IT assets, recovering valuable materials, ensuring secure data destruction, and providing documented and auditable records that support environmental, social and governance requirements.
Ahmed Al Kayyoomi, Strategy & Business Performance Executive Director at Tadweer Group, said: “Institutional partnerships are a key driver in accelerating Abu Dhabi’s transition towards a circular economy by developing practical models that can transform waste into measurable value. End-of-life technology assets contain valuable resources and materials that are often not recovered to their full potential. Through the collaboration between Tadweer Group and ADIB, via our specialised subsidiary Enviroserve, we are transforming electronic waste into a structured value recovery programme that delivers a direct return to the bank.”
ADIB views effective waste management as a critical enabler of the UAE’s transition towards a circular and low-carbon economy. The agreement supports the bank’s broader sustainable finance strategy, under which ADIB has committed to mobilising AED 60 billion in sustainable finance by 2030. By the end of 2025, the bank had already mobilised AED 20.3 billion, demonstrating strong progress towards this target.
Under ADIB’s Sustainable Finance Framework, waste management and circular economy initiatives are integrated into the bank’s financing strategy and client engagement approach. Through green financing, ESG risk assessment and strategic advisory services, ADIB supports eligible projects in pollution prevention, waste-to-energy and sustainable resource management, helping clients deliver measurable environmental outcomes across the region.
As a signatory to the UAE Ministry of Climate Change and Environment’s Extended Producer Responsibility (EPR) Pledge, ADIB is advancing innovative circular economy and transition finance solutions that help divert waste from landfill and accelerate circular value chains. Supported by a proprietary ESG due diligence framework and a comprehensive double materiality assessment aligned with leading European standards, ADIB continues to develop Sharia-compliant financing solutions that generate measurable economic, environmental and social value.
As major financial institutions continue to modernise their digital infrastructure, the responsible management of end-of-life IT assets has become an increasingly important part of corporate sustainability and operational governance. Enterprise technology contains precious metals and recoverable materials that can retain significant value beyond their original use, provided they are collected, processed, and recycled through specialised and certified systems.
Every asset processed through Enviroserve's a Tadweer Group subsidiary, certified infrastructure is managed in line with internationally recognised recycling and environmental management standards. Each operation is supported by full chain-of-custody documentation, secure data destruction, and a carbon and mass balance report, giving ADIB the auditable record and verified data its ESG disclosures and operations require.
In addition to the environmental benefits, this partnership demonstrates that electronic waste carries significant commercial value and offers a framework that other institutions can build on. As Abu Dhabi's institutions bring their waste streams into the circular economy, this partnership with ADIB marks an important step in advancing the expansion of the ecosystem.