Etihad Rail has launched its Sustainable Finance Framework, a guided design to link the company’s future financing to its ESG Strategy in relation to Clean Transportation, Green Buildings and Pollution Prevention and Control.
Commenting on the launch, Ali Tabbal, Chief Financial Officer at Etihad Rail said: “The introduction of our Sustainable Finance Framework is a testament to Etihad Rail’s commitment to integrate and uphold sustainable practices in all our operations. Through responsible financial practices, we are further underscoring this dedication by driving positive environmental and social impact in the region across the transportation, logistics, and infrastructure sectors.
This framework is a pivotal element of our broader ESG strategy, directly aligning with the United Nations’ Sustainable Development Goals. It provides a clear roadmap for integrating ESG considerations into investment decisions, empowering companies to generate long-term sustainable value. By doing so, we are not only fostering a transition to a low-carbon, resilient economy but also supporting the UAE’s Net Zero 2050 Strategy and contributing to the nation’s vision for a sustainable future” he concluded.
It was developed in collaboration with various industry members along with First Abu Dhabi Bank and Standard Chartered Bank, who served as co-ESG advisors, providing expertise and insights to ensure it aligns to the Green Loan and Bond Principles.
