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Bank ABC Directs $2.8 B to Sustainable Finance with Strong Focus on Emerging Markets

Bank ABC Directs $2.8 B to Sustainable Finance with Strong Focus on Emerging Markets

Bank ABC Directs $2.8 B to Sustainable Finance with Strong Focus on Emerging Markets

  • Bank ABC mobilized a record US$2.8 billion in 2024, with 86% channeled to emerging markets.
  • Funding supported renewable energy, climate resilience, and inclusive growth projects across Brazil, North Africa, the Middle East, and Asia.
  • The bank rolled out ESG risk frameworks, training, and community investments as part of its sustainability strategy.

Bank ABC has set a new high-water mark in sustainable finance, mobilizing US$2.8 billion in 2024, with almost nine out of ten dollars directed toward emerging markets. These funds are supporting renewable energy, climate resilience, and inclusive growth across Brazil, North Africa, the Middle East, and Asia—regions bearing the brunt of climate and development challenges.

The bank’s record mobilisation comes as global financial institutions face mounting pressure to align capital flows with the Paris Agreement. While peers across MENA are ramping up climate-linked financing, Bank ABC’s emphasis on emerging markets sets it apart in a region where private capital is often slower to flow into higher-risk geographies.

Group CEO Sael Al Waary said: “This milestone confirms Bank ABC’s ability to direct capital with purpose – driving growth that is both sustainable and inclusive.

Group CEO Sael Al Waary

The Manama-headquartered lender, recognised as Bahrain’s Best Bank for Sustainable Finance 2025 by Euromoney, is accelerating its ESG agenda. Key initiatives include new global ESG training for client-facing teams, increased investment in community projects, and the rollout of a Client ESG Risk Assessment framework to strengthen lending practices and support high-emitting clients in their transition.

Mr. Al Waary added: “True progress demands collaboration. We are partnering with clients, regulators, investors and communities to unlock solutions that deliver lasting impact across our network and beyond.

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