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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
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We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Start your banking journey with the leading bank in the region.
Find a suitable account and applyDiscover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
Learn more about our services and get the most out of your banking relationship with us.
Visit our dedicated support center for answers to all your banking-related questions.
Start your Priority Banking journey and live your success
Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai, UAE, 06 September 2023: As part of its long-term commitment to sustainability, Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has launched its Sustainable Finance Framework. The new Framework allows for the issuance of green and sustainable debt instruments to finance projects which enable the transition to a low carbon and climate resilient economy. The Framework also allows for the issuance of social debt instruments leading to a positive societal impact.
The Framework will cover Emirates NBD Group entities such as Emirates NBD, Emirates Islamic, DenizBank and Emirates NBD Asset Management and will accelerate the Group’s efforts when it comes to innovative sustainable finance offerings. Emirates NBD Capital, HSBC and ING acted as Sustainability structuring banks in developing the Framework which is in line with the Group’s ambition to promote further lending and investments into assets with a positive environmental and social impact. The Framework will assist Emirates NBD in reaching the UAE’s ambitious Sustainability Development Goals and targets set forth by the Paris Climate Agreement and the UN SDGs, while also ensuring the necessary due diligence and international best practice are in place to mitigate ESG risks.
The Framework comprehensively outlines the fundamental constituents of the Principles and Guidelines set forth by the International Capital Market Association (ICMA) and Loan Market Association, Green Bond Principles 2021, Social Bond Principles 2023, Sustainability Bond Guidelines 2021, Green Loan Principles 2023 and Social Loan Principles 2023. These core components encompass the Use of Proceeds, Process for Project Evaluation and Selection, the Management of Proceeds, Reporting and as well as the recommendations outlined for External Review, which collectively serve as the cornerstones of their established guidelines.
Commenting on the announcement, Shayne Nelson, Group CEO at Emirates NBD, said: “We are delighted to publish our Sustainable Finance Framework, reinforcing Emirates NBD’s commitment towards sustainability. As a leading banking group in the region, Emirates NBD is fully aligned with the UAE’s pro-climate, pro-growth philosophy. This Framework empowers Emirates NBD and our customers to help deliver the UAE’s journey to Net Zero emissions by 2050 and meet the ambitious interim reduction targets.”
“At Emirates NBD, we firmly believe that finance plays a key role in sustainability,” said Vijay Bains, Group Chief Sustainability Officer and Group Head of ESG at Emirates NBD. “Our Framework will ease access to ESG labelled finance in alignment with COP28’s pledge to unleash finance for climate change. By issuing sustainable finance instruments including bonds, sukuk and other debt instruments, we will provide enhanced transparency around funded projects and assets that carry environmental and social benefits.”
Emirates NBD's sustainability strategy is aligned with prominent global and national frameworks, including the United Nations Sustainable Development Goals (SDGs), the UAE's Vision 2030, and the United Nations Environmental Programme Dubai Declaration for Sustainable Finance, which marks the Group’s commitment to transforming the UAE into a green, low-carbon economy in support of the UAE Centennial 2071’s sustainability agenda.
Emirates NBD stands as a pioneer in sustainability reporting, having initiated formal reporting on its sustainability endeavours in 2016 with the release of its inaugural Sustainability Report. As part of the Group’s efforts to achieving net-zero goals, Emirates NBD recently signed the UAE Climate-Responsible Companies Pledge initiated by the UAE Ministry of Climate Change and Environment aligned with the Group’s commitment to supporting the UAE’s decarbonization efforts. Furthermore, the Group continues to forge meaningful sustainability and innovation focused collaborations with other private sector companies and government entities in its effort to mitigate climate change. Emirates NBD has also obtained a Second Party Opinion (SPO) on the Framework from ISS Corporate Solutions (ISS).
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