Bank ABC’s unique global footprint, leadership in digital innovation, and deep expertise, positions the Group to work closely with clients and support their transition strategies. This is a key element of our sustainability strategy and is focused on leveraging our global network to deepen client engagement and accelerate our sustainable and transition finance offering.
In the past two years, almost 90% of our sustainable finance was channelled to emerging markets, capitalising on our geographical footprint across GCC, North Africa, Turkey, Brazil and South-East Asia. We are enhancing our capabilities to scale the support of our clients’ future financing needs through the launch of various initiatives, which includes enhancing client engagement through comprehensive training programmes for our client-facing teams, developing innovative solutions to address the diverse needs of our clients and collaborating with them to unlock novel solutions.
Bank ABC’s Sustainable Finance Framework sets the methodology for classifying our sustainable finance product and services, specifically how we define green, social, sustainable and sustainability-linked finance. Our approach to Transition Finance is outlined in Appendix 4 of our SFF with reference given to the International Capital Market (ICMA)’s Climate Finance Handbook and the Climate Bond Initiative (CBI)’s Transition Finance White Paper. The framework was developed in collaboration with the Institutional Shareholder Services (ISS) Corporate, a leading global provider of ESG analysis and ratings.
