Emirates NBD and Erguvan successfully launch pilot carbon management solution for regional SMEs

Emirates NBD and Erguvan successfully launch pilot carbon management solution for regional SMEs

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced that Erguvan, a climate and financial technology venture it recently invested in, has successfully launched a pilot program to deploy its carbon management solution, “Azalt” among regional SMEs.





 The proof-of-concept project was conducted with EKOS Electric, an SME client of DenizBank, a fully owned subsidiary of Emirates NBD Group. Azalt emerged as a vital tool for EKOS Electric, aiding in identification of greenhouse gas (GHG) emission hotspots and implementing data-driven emission reduction campaigns.





The successful pilot highlights the significant potential of Erguvan’s SaaS product Azalt, in supporting businesses and their financial partners in understanding and mitigating emissions. Emirates NBD and Erguvan announce plans to expand the programme to UAE-based SMEs to measure, reduce and offset their GHG emissions.





 


SMEs significantly contribute to GHG emissions, however, are unaware of their carbon footprint due to low awareness and organizational capacity for sustainability and a lack of cost-effective digital tools for climate action with easy deployment and use. In this context, Erguvan aims to equip SMEs with a user-friendly digital tool to initiate their journey into emissions accounting and reporting, ultimately driving emissions reduction. The climate FinTech startup