FAB wins majority of Global Finance 2023 Sustainable Finance Awards in the Middle East
Abu Dhabi, 03 July 2023: First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has won the majority of the Global Finance Awards for the Middle East, including:
♦Outstanding Leadership for Sustainable Finance for the Middle East: (Overall regional winner)
♦Outstanding Sustainable Financing in Emerging Markets: (Middle East)
♦Outstanding Leadership in Sustainable Bonds: (Middle East)
♦Outstanding Leadership in ESG-Related Loans: (Middle East)
♦Outstanding Leadership in Transition/Sustainability Linked Loans: (Middle East)
♦Best Bank for Sustainable Finance: (UAE)
For the second consecutive year FAB won the Outstanding Leadership in Transition/Sustainability Linked Loans award as well the Best Bank for Sustainable Finance.
Global Finance selects its award winners based on objective factors such as transaction volume, market share, competitive pricing and global coverage, as detailed in public company documents and media reports.
Martin Tricaud, Group Head of Investment Banking at First Abu Dhabi Bank (FAB), said:“Within the last few years FAB has been making significant strides to become a regional pacesetter within sustainability for the banking sector. Importantly, we recognise the challenges posed by climate change to the earth, society, and the economy – and we remain committed to doing our part to address these challenge. The award wins reflect this commitment as well as our capabilities across sustainable finance to support our clients on their transition journeys. As we look ahead, we’ll continue to collaborate with our clients and partners, helping them leverage the latest and fit-for-purpose solutions to meet their new realities and growth objectives.”
FAB has a strong track record of climate action through its innovative sustainable financing solutions and advisory services – and has set a target of USD 75 billion for the period of 2022 to 2030, of which USD 15 billion was achieved by Q1’23. The bank continues to lead through proactive engagement and partnerships with customers, clients, and the UAE government and regulators, to enable them to move faster towards a low carbon economy.
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