Mashreq Bank provides $15.5 billion of sustainable finance and adaptation-related investments

Mashreq Bank provides $15.5 billion of sustainable finance and adaptation-related investments

DUBAI, 14th March, 2023 (WAM) -- Joel Van Dusen, Group Head of Corporate & Investment Banking at Mashreq, said that since January 2021, Mashreq has facilitated $15.5 billion of sustainable finance and adaptation-related investments.

In a statement to Emirates News Agency (WAM), Dusen said that ESG is related to cash flow in five important ways. It minimises regulatory and legal intervention, increases employee productivity, optimises investment and capital expenditures, facilitates top-line growth by attracting customers through sustainable products and services, and reduces costs by, for example, lowering energy consumption.

He added that businesses and governments globally are increasingly recognising that Environmental, Social, and Governance (ESG) risks and opportunities are fundamental to guarantee the long-term success of companies alongside the attraction of talent, the operating model, and their investors’ interests.

As such, ESG principles have become a core element to every company’s operations and supply chain, moving from a “nice to have” to a crucial element of business strategy, Dusen stated.

He noted, “The levels of scrutiny on environmental credentials that businesses face will only continue to increase. Demonstrating genuine and tangible ESG policies as well as a solid strategy to offer more sustainable products and services has therefore become paramount."

Dusen highlighted that businesses that