Arab Bank launched its inaugural Sustainable Finance Framework, which will support its sustainability commitments and environmental, social and governance (“ESG”) priorities. Arab Bank intends to use the Framework as the basis to issue sustainable debt instruments to advance projects that will contribute to climate action, employment generation as well as supporting the United Nations Sustainable Development Goals (“SDGs”).
The Framework is aligned with the four core components of the Green Bond Principles 2021 (“GBP”), Social Bond Principles 2021 (“SBP”) and Sustainability Bond Guidelines 2021 (“SBG”) published by the International Capital Market Association (“ICMA”), as well as the Green Loan Principles 2021 (“GLP”) and Social Loan Principles 2021 (“SLP”) published by the Loan Market Association (“LMA”).
The Bank has obtained a Second Party Opinion from S&P Global Ratings which has affirmed the Framework’s alignment with the aforementioned ICMA and LMA principles.
Arab Bank Sustainable Finance Framework
Second Party Opinion By S&P Global Rating on Arab Bank Sustainable Finance Framework