USD 1.2 billion Sustainable Linked Loan for Etihad Airways PJSC
Environmental
Transitioning to a Low
Carbon Future
Support the Global Transition to a Low Carbon and Nature Positive Future
At FAB, we recognize the global challenges posed by unsustainable economic practices and the resulting impact on the environment and development of prosperous and resilient economies and are committed to advancing a low-carbon and nature-positive future. Aligned with the UAE’s Net Zero by 2050 Strategy, we are taking decisive steps across our operations and financing activities to enable the transition toward a sustainable economy.
We continue to embed environmental and social considerations across our business, mobilizing sustainable finance, strengthening climate and nature risk management, and enhancing the efficiency of our own operations.
Through these efforts, FAB is driving measurable outcomes that contribute to long-term value creation for our stakeholders. FAB’s approach is guided by international and national sustainability frameworks and goals.
Our sustainability commitments
Net Zero Banking Alliance
UN Environment Programme Finance Initiative (UNEP FI) and the Principles for Responsible Banking (PRB)
Carbon Disclosure Project (CDP)
Equator Principles
Task Force on Climate-related Financial Disclosures (TCFD)
Taskforce on Nature-Related Financial Disclosures (TNFD)
Abu Dhabi Vision
UAE Vision 2021
UAE Green Agenda 2015-2030
UN Sustainable Development Goals (SDGs)
Our timeline to Net Zero
Direct environmental impact of operations
Scope 1*:
Direct combustion of fuels and refrigerants (globally, and UAE).
Scope 2:
Location based purchased electricity for own use (globally and UAE).
Scope 3:
Water consumption (global and UAE), indirect emissions from business travel (global and UAE), waste generated and recycled (global and UAE), paper consumption (global and UAE).
Scope 1*:
Direct combustion of fuels and refrigerants (globally, and UAE).
Scope 2:
Location based purchased electricity for own use (globally and UAE).
Scope 3:
Water consumption (global and UAE), indirect emissions from business travel (global and UAE), waste generated and recycled (global and UAE), paper consumption (global and UAE).
Our Pathway to Net-Zero
As part of our commitment to be Net Zero by 2050, we have identified and set intensity reduction targets for 8 of our high-emitting sectors, accounting for over 90% of our corporate financed emissions portfolio.
2030 Pathway
7%-15%
reduction to reach 53-59 MtCO2/EJ
(Oil & Gas)
65%
reduction to reach 192 gCO2/kWh
(Power)
15%
reduction to reach 71 gCO2/pkm
(Aviation)
15%
reduction to reach 71 gCO2/pkm
(Commercial Real Estate)
9%
reduction to 7.4 t/
(Aluminum)
25%
reduction to 0.57 t/t
(Cement)
23%
reduction to 1.55 t/
(Steel)
4%
reduction to 1.74 ktCO2e/m$
(Agriculture)
FAB’s Pathway to Net Zero and Climate reports provide a transparent view of how we are aligning our operations with our climate commitments. These reports provide transparency on our decarbonization journey, including sector-specific strategies and progress.
Case Studies
Impact of the First Green Bond in the Region
During its tenure, the project helped finance 13 green projects across UAE, USA, Africa and France in areas of Energy Efficiency, Renewable Energy and Sustainable Water Management (USD 587 million public green bond).
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Debut Green Term Loan
‘Debut Green Term Loan’ and Murabaha Facility for Ministry of Finance, Egypt
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