First Abu Dhabi Bank has reported that it facilitated AED 267 billion in sustainable and transition finance by the end of 2024, representing 53% of the AED 500 billion target the bank has set itself to achieve by 2030. The figures were disclosed alongside the bank's full-year 2024 results on 6 February 2025.
GREEN BONDS, SUKUK AND SOCIAL INSTRUMENTS OUTSTANDING
Total green bonds outstanding stood at AED 13.4 billion, while green sukuk outstanding reached AED 1.3 billion. The bank also reported having issued three social bonds worth a combined AED 301 million.
In December 2023, at COP28, the bank had raised its 2030 sustainable finance target by 80%, from AED 275 billion (USD 75 billion) to AED 500 billion (about USD 136 billion). FAB chief executive Hana Al Rostamani described the new target as "a floor and not a ceiling".
SUSTAINABLE FINANCE FRAMEWORK
FAB said its sustainable finance framework and reporting practices are aligned with international standards.