"Emple" It launches the first green financing framework to accelerate sustainable growth

Abu Dhabi, May 8 / WAM / The Emstil Group launched today the first green financing framework, in a major step in harmonizing the group’s financial trends with its long -term strategic goals in the areas of sustainability and reducing carbon emissions, and in a way that enhances the “Emstil” site as an active contribution to the process of sustainable financing in the region.

This framework allows the group and its subsidiaries to issue a set of green financing tools, including green bonds, loans, commercial papers, and medium -term bonds.

The revenues of these tools will be allocated exclusively to financing or re -financing qualified green projects that meet strict environmental standards.

These projects include the development and production of iron and cement low carbon emissions, the establishment of renewable energy facilities such as solar PV systems, in addition to applying energy -saving technological solutions, and adopting industrial innovations that contribute effectively to carbon removal efforts.

Engineer Saeed Ghamran Al -Rumaithi, CEO of Estel Group, said: “The green financing framework represents a strategic step in our journey towards a low -carbon future. Our commitment to developing our financing approach is consistent with the global standards approved for sustainable financing, and directing investments towards projects with an effective positive environmental impact. There is no doubt that this initiative will enable us to accelerate the pace of reducing emissions Carbonism for our operations, and promoting innovation in the sustainable steel industry, in order to achieve a long -term value for our shareholders, and benefits our society and the global environment.

For his part, Mark Tonkins, CEO of Financial Affairs in the group, said: “The launch of the green financing framework represents a qualitative development in our commitment to sustainability, and enhances our orientation towards integrating environmental considerations into our financial methods. Through this framework, we enhance our ability to attract funding for environmentally influential projects, and we promote our pioneering role in supporting the paths of economic shift towards reducing carbon emissions. In the area.

The framework, which has been developed according to international best practices, offers an integrated approach that is characterized by transparency and rigor in issuing, managing green financing tools and preparing their reports. The Moody’s credit rating agency has given a positive consultant opinion, through which it classified the framework of the quality of SQS2 sustainability (very good), which reflects the strong foundations on which the sustainable capital strategy of the Emstil Group is based, and enhances investor confidence in its long -term efforts in this field.

The development of the framework was supported by prominent partners, including the Bank of the Bank, who assumed the role of the leading bank in the structure of sustainability, along with the first Abu Dhabi Bank, which played the same role, in a clear embodiment of regional and international cooperation in advancing sustainable financing efforts.

The green financing framework is an essential pillar in the comprehensive strategy of the Emstil Group in the fields of the environment, society and governance, as it contributes to supporting the ambitious goals of the group by reducing greenhouse gas emissions by 40% in iron production operations, and 30% in cement production by 2030.

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