COP28; e& secures $100mn green loan to finance sustainable projects

COP28; e& secures $100mn green loan to finance sustainable projects

E&, a UAE-based a global technology company, has signed a sustainable loan of $100 million as part of a strategic move in line with its ambitious climate action commitments at COP28. This showcases e&’s commitment to environmental and social responsibility and is an important step towards financing sustainable projects that have a positive, real-time impact […]e&, a UAE-based a global technology company, has signed a sustainable loan of $100 million as part of a strategic move in line with its ambitious climate action commitments at COP28.

This showcases e&’s commitment to environmental and social responsibility and is an important step towards financing sustainable projects that have a positive, real-time impact on communities.

Under the framework, e& secured the $100 million green loan to finance or refinance eligible sustainable development projects covering a range of areas, particularly renewable energy, clean transport and energy efficiency. The framework will facilitate future funding of additional projects concentrating on sustainable development, including sustainable water supply, waste management, green buildings and pollution prevention, to make a social impact.

Hatem DowidarCEO – e&

“Following e&’s ambitious climate commitments at COP28 to achieve net zero carbon emissions by 2040 in our own operations across all markets, the signing of our first green