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category="<a href="https://livingbusiness.com/category/governance/green-financing/" rel="tag">Green financing</a>">Category: Green financing

Registrations fees waived for companies wishing to list green, sustainability-linked bonds, sukuk in local market in 2023: SCA

Published on June 7, 2023

The Securities and Commodities Authority (SCA) Board of Directors has approved, during its meeting chaired by Mohamed Ali Al Shorafa, a proposal to exempt companies wishing to list their green or sustainability-linked bonds or sukuk in a local market from registration fees for the year 2023. The decision aims to highlight the actions taken by […]

Masdar plans huge increase in clean energy capacity

Published on May 24, 2023

Abu Dhabi Future Energy Company (Masdar) has nearly doubled its clean energy capacity and CO2 displacement in the space of two years, and is on track to become one of the world’s largest renewable energy companies by 2030. Masdar achieved a clean energy capacity of 20 GW in 2022, generated 18,000 GWh of clean energy […]

What green finance and carbon markets mean for the GCC

Published on April 4, 2023

The 28th edition of the Conference of Parties (Cop28) is fast approaching and the UAE, as the host nation, and the Middle East more generally are gearing up to show leadership and initiative in effectively tackling climate change issues. The key question is how Gulf states' net-zero pledges will be put into action in the coming decade. A critical […]

Dubai Islamic Bank prices US$1 billion Sustainable Sukuk

Published on February 14, 2023

Dubai Islamic Bank (DIB) has successfully priced its second Sustainable Sukuk – a landmark US$1 billion 5.5-year senior issue with a profit rate of 4.80 percent per annum, representing a spread of 102.4 bps over 5-Year US Treasuries. The Sukuk was issued in line with DIB’s Sustainable Finance Framework, which was created to facilitate financing […]

Green banking: Qatar eyes $75bn investment in sustainable finance in 2023

Published on January 25, 2023

Qatar has kickstarted a proactive drive to strengthen the domestic debt market in light of the “encouraging” potential for local bonds and Sukuks, announcing $75 billion in investments in sustainable finance this year. “There is an active drive in Qatar to strengthen the domestic debt capital market to diversify sources of funding and expand sustainable finance solutions,” […]

First Abu Dhabi Bank values $7bln financing for sustainable projects in 2022

Published on January 24, 2023

Shargiil Bashir, Chief Sustainability Officer at First Abu Dhabi Bank (FAB), said that the bank facilitated over AED25.7 billion (US$ 7 billion) for sustainable projects in 2022, noting that the bank has made significant progress by financing many projects across the energy supply, buildings, transportation, waste, water, and food sectors. In statements to the Emirates […]

Majid Al Futtaim signs $1.25bn sustainability-linked loan

Published on December 6, 2022

Majid Al Futtaim, a leading shopping malls and leisure pioneer in the region, has signed its second Sustainability-Linked Loan (SLL), structured as a $1.25 billion revolving credit facility (RCF) linked to the company’s environmental, social and governance (ESG) related targets. First Abu Dhabi Bank (FAB), the UAE’s largest bank, led the transaction as Sustainability Coordinator […]

ADGM publishes Consultation Paper on comprehensive sustainable finance regulatory framework

Published on November 11, 2022

Abu Dhabi Global Market (ADGM) today announced the publication of a Consultation Paper on a proposed comprehensive Sustainable Finance Regulatory Framework, covering rules on sustainability-orientated investment funds, managed portfolios and bonds as well as a framework on environmental disclosures by ADGM companies. The measures contained in the paper aim to enable an accelerated growth of […]

Hempel links $1.62bn credit facilities to sustainability targets

Published on April 21, 2022

World-leading coatings company, Hempel has successfully amended its EUR1.5 billion ($1.62 billion) credit facilities, linking borrowing costs to four sustainability targets. Coinciding with Earth Day (April 22) and in line with its ‘Investing in our planet’ theme, Hempel has amended its EUR1 billion Revolving Credit Facility and its EUR500 million Term Loan linking borrowing costs […]

Malaysia is prime issuer of sustainability sukuk in ASEAN, with US$3.9 billion of total issuance

Published on February 23, 2022

Malaysia leads in sustainable and responsible investing (SRI) sukuk issuance among the ASEAN6 countries, accounting for US$3.9 billion of issuance value or 56% of the total ASEAN SRI sukuk issuance, as of November 2021. This is according to Trending: Sustainable Responsible Investment in Malaysia and the Region, a research publication released by Ernst & Young Consulting Sdn Bhd ("EY Malaysia”) […]

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