Financial and professional services Archives - Page 3 of 6 - Living Business

category="<a href="https://livingbusiness.com/category/governance/" rel="tag">Governance</a>">Industry: Financial and professional services

Green growth strategy 'can take GCC GDP to $13trln'

Published on October 23, 2023

The combined gross domestic Product (GDP) of the hydrocarbon-rich Gulf countries could more than double from a projected $6 trillion to $13 trillion by 2050, if the countries embrace a green growth strategy, according to a research report. The report, Gulf Investment Report 2023, published by Century International Holdings, was released at the World Investment […]

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 […]

Beltone Capital, CRIF sign agreement to cooperate on ESG scoring, credit rating, and business information

Published on October 12, 2023

Beltone Capital, a wholly owned subsidiary of Beltone Financial Holding, has signed a framework agreement with CRIF, a global company specializing in credit and business information systems, analytics, outsourcing, and processing services, as well as advanced digital and open banking solutions for business development. The agreement covers potential cooperation in Egypt and the MENA region […]

EU gives nod to "world's first" green bond standards

Published on October 6, 2023

European Union lawmakers on Thursday approved new standards for companies issuing "green" bonds to help investors pick sustainable companies and avoid greenwashing or misleading climate-friendly claims. The European Parliament voted in favour of the new voluntary standard for the use of a "European Green Bond" label, calling it the first of its kind in the […]

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 […]

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 […]

Emirates Development Bank unveils bespoke solar energy financing programme

Published on September 8, 2023

Emirates Development Bank (EDB) has unveiled a new first-of-its-kind Solar Energy Finance Programme aimed at supporting micro, small, and medium enterprises (mSMEs) across diverse sectors within the UAE. The programme will allocate AED100 million to bolster the adoption of green energy solutions, focusing on solar energy initiatives. The new programme aims to support the shift […]

Emirates NBD Group signs UAE Climate-Responsible Companies Pledge

Published on August 7, 2023

Emirates NBD has signed the UAE Climate-Responsible Companies Pledge initiated by the UAE Ministry of Climate Change and Environment. Emirates NBD Group is among the seventh cohort of 15 signatories in the UAE to sign the pledge, commit to implementing carbon emission reduction goals, and follow more sustainable methods in managing their operations, according to […]

Living Business is officially a B Corp

Published on July 13, 2023

Living Business proudly joins the B Corp community, committing to a sustainable future. A B Corp, also known as a Benefit Corporation, is a business that is legally required to consider the impact of its decisions not only on its shareholders but also on society and the environment, in addition to generating profits. B Corps […]

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 […]

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