"environment" Launches a framework for sustainable financing in cooperation with First Abu Dhabi Bank
ABU DHABI, 16 JANUARY / WAM / Bee’ah Group, which specializes in the fields of sustainability and innovation, launched the first sustainable financing framework, in cooperation with First Abu Dhabi Bank, with the aim of financing qualified sustainable projects in their various operational stages within the sectors of sustainability, energy, technology, healthcare and real estate development, during the activities of the World Future Energy Summit 2026, which reflects Bee’ah’s continued pioneering role in the fields of sustainability and innovation at the region level.
The new framework allows Bee’ah and its subsidiaries to issue a wide range of sustainable financing instruments, including green, social and sustainable bonds, sukuk and loans.
The framework is in line with the Sustainable Finance Principles of the Loan Market Association and the International Capital Markets Association, and has been approved as a second-party opinion by Diet Norsk Veritas, a global insurance and risk management services company.
The proceeds will be used to finance a group of eligible projects that directly contribute to achieving the United Nations Sustainable Development Goals, in addition to enhancing Bee’ah’s positive impact in future vital sectors.
These projects include the areas of clean energy, waste management, recycling, green buildings, circular economy solutions, low-carbon mobility, and sustainable wastewater management, in addition to community projects in the fields of health care and environmental education.
It is noteworthy that Bee’ah’s financial framework aims to accelerate the pace of achieving zero-emission operations in the UAE by 2040, in addition to its role as a basic pillar of its comprehensive sustainability strategy.
The framework provides strategic support for a group of national and global initiatives, such as the UAE Strategic Initiative for Climate Neutrality 2050, the UAE’s Climate Responsible Companies Pledge and the National Hydrogen Strategy, in addition to the United Nations Global Compact, which is a voluntary initiative signed by Bee’ah to implement and support sustainable development goals and environmental principles.
This announcement follows similar steps witnessed in the region, which indicates the depth of the commitment of the United Arab Emirates and the Arab Gulf states to financing the low-carbon transition and reaching sectors that are more efficient in resource management.
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