Green financing Archives - Living Business

category="<a href="https://livingbusiness.com/category/environment/" rel="tag">Environment</a>,<a href="https://livingbusiness.com/category/governance/" rel="tag">Governance</a>,<a href="https://livingbusiness.com/category/governance/green-financing/" rel="tag">Green financing</a>,<a href="https://livingbusiness.com/category/environment/renewable-energy/" rel="tag">Renewable energy</a>">Category: Green financing

OpEd: UAE banks play pivotal role in driving country’s energy transition

Published on April 22, 2024

The UAE banking sector plays a pivotal role in driving the country’s transition towards a sustainable energy fuel mix. This includes providing crucial funding for renewable energy projects and clean technologies, with a specific focus on hydrogen production. Such support is in line with the UAE’s strategic goal of reducing emissions and achieving carbon neutrality […]

Modernization, sustainability, AI: Key trends shaping corporate banking’s future

Published on April 1, 2024

A recent corporate banking event series hosted by Finastra, a leading provider of financial software applications and marketplaces, brought together industry leaders from banks, financial institutions, and technology companies in Dubai and London. The focus of the series was on the trends, challenges, and opportunities facing financial institutions in today’s dynamic landscape. Key discussions centred […]

QIIB publishes inaugural Sustainable Finance Framework in Qatar

Published on January 12, 2024

QIIB has published its inaugural ‘Sustainable Finance Framework’, which aims to finance projects that contribute to positive environmental and social benefits. QIIB can leverage on the framework to issue green, social or sustainability-labelled sukuk and other financing products that are aligned with the International Capital Market Association (ICMA)’s Green Bond Principles, Social Bond Principles, and […]

ADIB and Aldar Properties close AED 1bln sustainability linked financing deal

Published on December 23, 2023

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has arranged an AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar). The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and investments. The transaction underscores both entities’ commitment to supporting […]

EGA and Emirates NBD pioneer ESG-linked finance programme

Published on October 12, 2023

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, and Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, today announced the launch of an ESG-linked Supply Chain Finance (SCF) programme to advance sustainability in the aluminium giant’s supply chain. The innovative […]

Standard Chartered unveils sustainable trade loan for financial institutions

Published on September 25, 2023

Standard Chartered has announced the launch of a sustainability-focused trade loan for its financial institution clients, enabling them to provide additional liquidity to support ESG-related trade flows. The London-headquartered lender says the loan offering will provide “much-needed” liquidity to financial institutions globally, in turn accelerating borrowers’ efforts to meet their sustainability targets and net zero […]

Oman formulates roadmap to foster sustainable financing

Published on September 18, 2023

The Central Bank of Oman (CBO) has formulated a preliminary roadmap aimed at fostering sustainable and green financing within the domestic financial system, a recent report revealed. The CBO’s Financial Stability Report (FSR) 2023 published recently said, “CBO is also actively encouraging financial institutions to develop policies that facilitate and promote green financing.”“Moreover, CBO is […]

Emirates NBD launches Sustainable Finance Framework

Published on September 11, 2023

As part of its long-term commitment to sustainability, Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has launched its Sustainable Finance Framework. The new Framework allows for the issuance of green and sustainable debt instruments to finance projects which enable the transition to a low carbon and […]

ADGM begins implementing its sustainable finance regulatory framework

Published on July 10, 2023

Abu Dhabi Global Market (ADGM) today announced the implementation of its sustainable finance regulatory framework with immediate effect, following significant support received through public consultation, reinforcing its position as a leading sustainable financial hub and a natural hub for sustainable finance activities. The framework encompasses rules on sustainability-orientated investment funds, managed portfolios and bonds as […]

Saudi’s PIF, UAE’s ADQ among funds with highest sustainability rankings in 2023

Published on July 3, 2023

Saudi Arabia’s Public Investment Fund (PIF) and UAE’s ADQ have reported the highest improvement in the Global Sovereign Wealth Fund’s (SWF) governance, sustainability and resilience (GSR) scoreboard for 2023. Among the funds rated in both 2022 and 2023, 69 got higher marks, 94 stayed the same and only 22 got lower marks, according to a […]

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