UAE banks step up sustainability efforts ahead of COP28 in Dubai
Growing sustainable financing goals signal that banks in the region are keen to support the world's net zero transition.
First Abu Dhabi Bank and Mashreq are making headlines with expanded portfolio decarbonisation goals and several sustainability-linked loans as the world’s eyes turn to Dubai for COP28.
First Abu Dhabi Bank (FAB) has announced the expansion of its net zero financed emissions commitment to the agriculture, aluminium, cement, commercial real estate and steel sectors. This is the bank’s second wave of industries to be covered by emissions reduction targets, after it set initial goals for oil & gas, aviation, and power generation in March.
