EGX closed in mixed notes on Sept. 15    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply    Al-Mashat tells S&P that Egypt working to reduce external debt, empower private sector    Cairo's real estate market shows resilient growth as economy stabilizes: JLL    Egypt's real estate market faces resale slowdown amid payment pressures    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt renews call for Middle East free of nuclear weapons، ahead of IAEA conference    Egypt's EDA, Korean pharma firms explore investment opportunities    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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ADCB launches first sustainable corporate account in Egypt
Daily News Egypt Published in Daily News Egypt on 07 - 12 - 2023

Abu Dhabi Commercial Bank (ADCB) Egypt has taken a groundbreaking step by introducing the first sustainable corporate account in the country, aligning with its sustainability goals and Egypt's Sustainability Strategy 2030. This initiative supports companies in managing funds with a focus on sustainable economic practices and is in sync with ADCB Group's commitment to the Net Zero Banking Alliance.
ADCB Group aims to amplify its sustainable finance to $34bn by 2030, with a $14bn milestone by 2025. ADCB Egypt targets 15% of its lending portfolio for sustainable finance by 2030, fostering environmental and social projects.
Ihab El Sewerky, CEO of ADCB Egypt, stated: "Banks are pivotal in driving sustainability. In response to the Egyptian government's National Climate Change Strategy 2050, we're dedicated to aiding the economy and our clients in adopting sustainable practices."
El Sewerky highlighted the bank's strategic steps, including the development of a sustainable finance framework and an environmental and social risk management credit policy. The bank celebrates the launch of the sustainable corporate account and an electric vehicle loan exempt from administrative fees.
The sustainable account offers companies a practical way to boost sustainable investments, complete with periodic impact reports. It also provides digital banking services to encourage sustainable corporate actions. ADCB Egypt plans to introduce more sustainable banking products to expand its sustainable finance portfolio.
ADCB Group is actively participating in the United Nations Climate Change Conference (COP28) in Dubai.

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