|16 January, 2019

25 key UAE public and private entities committed for Abu Dhabi Sustainable Finance Declaration at Abu Dhabi Sustainability Week

All Committed to Address Climate Change and Support Sustainable Finance

Abu Dhabi, UAE: In presence of H.H. Sheikh Hamed bin Zayed Al Nahyan, Chairman of Crown Prince Court and Managing Director of Abu Dhabi Investment Authority, the Abu Dhabi Sustainable Finance Declaration (the Declaration) was signed by 25 public and private sector entities at the inaugural Abu Dhabi Sustainable Finance Forum (ADSFF) on 16 January as an united front to foster positive economic, social and environmental impacts and advocate sustainable finance and investments for the long-term well-being and growth of the country’s economy.    

The Declaration, initiated by Abu Dhabi Global Market (ADGM), is an extension of the continuing cooperation among government, regulators and key UAE and international institutions to establish a healthy sustainable finance industry that support the UAE in attaining the United Nations Sustainable Development Goals.  All the members of the Declaration are listed in the attached Appendix.

The objectives of the Declaration include developing a collaborative framework that incorporates and fosters green and sustainable investments in Abu Dhabi, the UAE and the wider region.  As part of the Declaration, the Central Bank of the UAE, the Securities and Commodities Authority and ADGM will play a facilitative role in working with the members to boost investment flows and support the various agreed provisions. The Declaration also entails educating stakeholders, investors, and the public on the importance of environment protection and sustainability, as well as identifying innovative solutions for positive economic, social and environmental development in Abu Dhabi and beyond.

H.E Ahmed Ali Al Sayegh, Minister of State (UAE), and Chairman of Abu Dhabi Global Market said: “We are honoured that H.H. Sheikh Hamed bin Zayed Al Nahyan, Chairman of Crown Prince Court and Managing Director of Abu Dhabi Investment Authority was present at the announcement of the Abu Dhabi Sustainable Declaration held at the Abu Dhabi Sustainable Finance Forum.  We are encouraged to have such positive support from the government bodies, regulators and key institutions to each play a part in fortifying UAE’s commitment towards a healthy and sustainable economy.   Together, we aim to foster a closer cooperation between the public and private sectors to develop innovative solutions and offerings that will attract and integrate sustainable and green investments. We will explore all avenues to enable financing of projects and initiatives that strengthen Abu Dhabi’s sustainable financial industry and support the UAE Vision 2021 and the UAE Green Agenda.”

ADGM is closely aligned to UAE initiatives, supporting Abu Dhabi, the UAE and global stakeholders in achieving United Nations Agenda for Sustainable Development and established national climate change objectives.  The Abu Dhabi Sustainable Finance Declaration is one of the several initiatives by ADGM to establish a vibrant and thriving sustainable finance hub that supports capital formation, raising and deployment as well as the creation and issuance of innovative products to achieve positive economic, social and environmental objectives.  ADGM announced its commitment to driving sustainable finance and investment in November 2018.

APPENDIX : Signatories of the Abu Dhabi Sustainable Finance Declaration
Central Bank of the UAE
Ministry of Energy & Industry
Securities and Commodities Authority
Abu Dhabi Department of Economic Development
Abu Dhabi Department of Finance
Mubadala Group
ADNOC
Abu Dhabi Future Energy Company PJSC - Masdar
Abu Dhabi Global Market
Abu Dhabi Securities Exchange
Abu Dhabi Fund for Development
Etihad Aviation Group
First Abu Dhabi Bank
Abu Dhabi Commercial Bank
Al Hilal Bank
Abu Dhabi Financial Group (ADFG)
BNP Paribas S.A.
Citibank, N.A.
HSBC Bank Middle East Limited
ING Bank
Macquarie Capital Middle East L.L.C
State Street Corporation
UniCredit S.p.A.
Climate Bonds Initiative
Centre for Finance and Development Tsinghua University

-Ends- 

Tracy Trenary
Senior Account Executive
tracy.trenary@hkstrategies.com
T:  +971 4 553 9543

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases