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‧Dubai International Airport Secures Global Sustainability Certification
Dubai International Airport (DXB) has attained a significant milestone in its sustainability efforts by receiving the Airport Carbon Accreditation (ACA) certification at the "Level 3+ Neutrality" stage. This recognition places DXB among a select group of internati…
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‧National Holding Earns Prestigious Green Certificate from Moro Hub for Sustainability Leadership
National Holding has achieved a significant milestone by earning the Green Certificate from Moro Hub, a recognition awarded for outstanding sustainability practices. The UAE-based investment company has been actively involved in promoting green initiatives, aligning itself …
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‧HSBC Unveils Sustainable Loan for Mid-Sized Corporates
HSBC has launched a sustainability improvement loan targeting mid-sized corporates in the UAE, Egypt, Qatar, and Bahrain, marking a significant step in promoting environmentally responsible business practices in the region. This initiative aims to support companies striving…
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‧HKBN Sets Ambitious Climate Goals Through Technology
HKBN Ltd. has made significant strides in its climate action commitment by achieving validation from the Science Based Targets initiative (SBTi). This milestone positions the company at the forefront of corporate sustainability efforts, aiming to substantially reduce its gr…
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‧Qatar's Commercial Bank Launches Record Green CHF Bond
Commercial Bank of Qatar has achieved a significant milestone in sustainable finance by issuing its largest green bond, valued at 200 million Swiss francs (approximately $220 million). This issuance reflects the growing commitment to environmental sustainability in the Midd…
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‧United Arab Emirates Emerges as Environmental Leader in Middle East and Africa
The United Arab Emirates (UAE) has solidified its position as the frontrunner in environmental sustainability and climate action across the Middle East and Africa (MEA) region, according to a recent report by Agility Global. The findings, released as an update to Agility'…
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‧Strategic Alliance for Clean Energy at Abu Dhabi Venue
Abu Dhabi's Economic Vision 2030 gains momentum with a pivotal collaboration between the Emirates Water and Electricity Company (EWEC) and the Abu Dhabi National Exhibitions Company (ADNEC). This partnership aims to transform the ADNEC Centre into a hub for clean energy…
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‧ADNEC Group Unveils ESG Report Highlighting Commitment to Sustainability
ADNEC Group has launched its 2023 Environmental, Social, and Governance (ESG) report, underscoring its dedication to sustainable growth, ethical practices, and social responsibility across its diverse business segments. The report reflects ADNEC's ongoing efforts to int…
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‧Investment Strategies Need to Align with Sustainability Goals
Investment strategies must be aligned with global sustainability goals to ensure long-term growth that is both economically viable and environmentally responsible, according to James Zhan, chair of the World Investment Conference (WIC) executive board. His comments, made du…
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‧Middle East Consumers Factor Climate and Inflation into Choices
Consumer behavior in the Middle East is evolving significantly, driven by a complex interplay of climate change concerns and rising inflation. A recent survey conducted by PwC reveals that while economic pressures are palpable, consumers are increasingly willing to pay a pr…
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‧ING Appoints Jonathan Keyes to Lead Sustainable Finance in Middle East
Jonathan Keyes has been appointed as the Head of Sustainable Finance for the Middle East by ING, the Dutch multinational banking and financial services corporation. This strategic move aligns with ING's commitment to promoting sustainability and supporting clients in th…
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‧Middle East Leaders Prioritize Climate Change Initiatives
Executives in the Middle East are increasingly viewing climate change as a top priority, as highlighted by a comprehensive study examining corporate attitudes towards environmental sustainability. This shift is driven by the recognition that climate change poses significant…
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‧Emirates NBD leads with a sustainability-linked loan initiative
Emirates NBD, one of the largest banking groups in the Middle East, has engaged multiple banks for a five-year sustainability-linked loan. This initiative represents a significant step in aligning its financial strategies with environmental, social, and governance (ESG) pri…
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‧Lake Shore secures $143m green loan for Mumbai mall expansion
Lake Shore India Advisory, supported by the Abu Dhabi Investment Authority (ADIA), has successfully raised $143 million in a green loan to expand its Viviana Mall in Mumbai. This move aligns with the growing trend of sustainable financing in the commercial real estate secto…
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‧Imtiaz Developments Partners with EEG for Green Initiative
Imtiaz Developments has teamed up with the Emirates Environmental Group (EEG) to launch an ambitious sustainability project aimed at enhancing environmental conservation in the UAE. The collaboration, dubbed "One Tree, One Apartment," focuses on integrating green …
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‧Abu Dhabi’s ADQ Collaborates with EQTY Lab for ClimateGPT Initiative
Abu Dhabi's Abu Dhabi Holding Company (ADQ) has joined forces with EQTY Lab to introduce ClimateGPT, an innovative artificial intelligence tool aimed at addressing climate change challenges. The collaboration emphasizes the commitment of both organizations to leverage c…
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‧Saudi Arabia Establishes National Sustainability Committee
Saudi Arabia has taken a significant step toward its environmental ambitions by officially launching the National Sustainability Committee. The initiative, which aligns with the Kingdom’s Vision 2030 reform program, aims to spearhead the country’s efforts in sustainability,…
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‧DIFC outlines roadmap to reach Net Zero by 2045
The Dubai International Financial Centre (DIFC) has unveiled its ambitious decarbonisation strategy, aiming to achieve Net Zero emissions by 2045. The strategy aligns with the UAE's national goals to reduce carbon emissions and foster sustainability within the financial…
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‧dnata cuts emissions by switching fleet to biodiesel across UAE
dnata, one of the world's leading air services providers, has taken a significant step toward environmental sustainability by transitioning its entire fleet of ground handling equipment to biodiesel in the UAE. This move is part of the company’s larger strategy to reduc…
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‧Middle East Achieves $16.7 Billion in Sustainable Bonds This Year
The Middle East saw an impressive surge in sustainable bond issuances, reaching a total of $16.7 billion in the first three quarters of 2024, according to S&P Global Ratings. This figure reflects the growing commitment of governments and corporations in the region to fi…