Abu Dhabi's Etihad working on third sustainable financing | Reuters
Etihad Airways is working on what would be its third financing transaction linked to sustainable investment considerations, the Abu Dhabi government-owned airline's treasurer said on Wednesday.
Environmental, social and governance (ESG) concerns are gaining ground in the oil-rich Gulf region, with borrowers setting up ESG frameworks to transition to greener economies and capitalise on a global surge in awareness of sustainability risks following the COVID-19 pandemic.
"We’re now working on what would be our third transaction in the space", Daniel Tromans, group treasurer at Etihad said on Wednesday, without disclosing details other than to say announcements could be made in the next few weeks.
He was addressing a panel on sustainability at the ACT Middle East Treasury Summit, an online event.
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