Financial and professional services Archives - Living Business

category="<a href="https://livingbusiness.com/category/environment/waste/waste-reduction/" rel="tag">waste reduction</a>">Industry: Financial and professional services

ADIB saves five million sheets of paper in 2022

Published on February 22, 2023

Abu Dhabi Islamic Bank (ADIB) announced that it had saved five million sheets of paper in 2022 through its ongoing Al Ghaf paperless programme. This initiative supported the bank in eliminating paper usage significantly at branches through digital banking solutions. As part of ADIB’s 2025 growth strategy, Al Ghaf Programme underlines the bank’s commitment to […]

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 […]

Century Financial introduces a series of initiatives in support of the UAE’s ‘Year of Sustainability’

Published on February 7, 2023

In line with the recent announcement of President Sheikh Mohamed bin Zayed Al Nahyan on declaring 2023 as the Year of Sustainability, Middle-East-based investment services company Century Financial has announced a series of initiatives as part of its contribution towards strengthening sustainability in the financial sector. Century Financial’s sustainability agenda will primarily focus on forging strategic […]

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 […]

Gulf Exchanges announce unified ESG metrics

Published on January 14, 2023

The GCC Exchanges Committee today released a unified set of ESG Disclosure Metrics that includes 29 standards aligned with the World Federation of Exchanges and the Sustainable Stock Exchanges Initiative. These standards include categories across greenhouse gas emissions, energy usage, water usage, gender pay, employee turnover, gender diversity, data privacy, ethics and more. It should […]

FAB launches sustainability-linked current account

Published on December 21, 2022

The UAE’s First Abu Dhabi Bank has launched a new sustainability-linked current account for corporate clients in an effort to help companies achieve environmental, social, and corporate governance objectives. As with traditional current accounts, FAB corporate clients will be able to use their sustainable accounts to retain their intraday liquidity for business needs, and to carry out daily payables and receivables, the bank said in a press […]

HSBC to stop funding for new oil and gas fields

Published on December 20, 2022

HSBC will stop financing new oil and gas fields and will not on board new clients which are investing heavily in exploration. The bank said its move to end financing, for all and any new fields where a final investment decision was taken after 31 December 2021, is consistent with the IEA’s Net‐Zero Emissions (NZE) by 2050 […]

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 […]

Bahrain’s NBB Group completes solar panel installation project

Published on September 25, 2022

The NBB Group, comprising of the National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB), has completed the installation of solar energy panels across a number of its physical locations in the kingdom. The panels will generate a sustainable source of energy for NBB’s Istiqlal and Riffa Souq branches and BisB’s Arad and Hamad […]

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