Apicorp launches first green bond framework
- Date: 24-Sep-2021
- Source: Salaam Gateway
- Sector:Oil & Gas
- Country:Middle East
Apicorp launches first green bond framework
Published 23 Sep,2021 via Arab News - Economy DUBAI - The Arab Petroleum Investments Corporation (Apicorp) has launched its first green bond framework.
It follows the recent approval of the OPEC-created financial institution’s environmental, social, and governance (ESG) policy framework, as it aims to develop the sustainable financial market.
The framework will be used to raise green bonds/sukuk for projects aligned with the UN Sustainable Development Goals - addressing issues in climate mitigation, circular economy, and biodiversity preservation among others.
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