First Abu Dhabi Bank (FAB) Mobilizes AED 381 Billion to Finance Sustainable Projects

First Abu Dhabi Bank

First Abu Dhabi Bank (FAB) Mobilizes AED 381 Billion to Finance Sustainable Projects

FAB has released its annual report, "Sustainable Finance Impact 2025," highlighting the bank's progress in mobilizing capital to support sustainable development and finance transformation projects, achieving a tangible impact on the real economy in the UAE and global markets.

According to the report, between 2022 and 2025, the bank successfully facilitated AED 381 billion in financing for sustainable and transformative projects, achieving 76 percent of its target of AED 500 billion by 2030, through 280 deals in 41 countries.

The bank estimates that its financing of green and transition projects, including renewable and clean energy (nuclear) projects, waste-to-energy plants, green buildings, railway network development, and electric vehicle manufacturing, has contributed to boosting economic activity and supporting job creation in its key markets. In the UAE alone, the bank’s sustainable finance activities have supported an estimated 120,500 jobs through projects financed since 2022.

The report highlights First Abu Dhabi Bank’s pivotal role in supporting the global energy transition, promoting sustainable capital markets, clean mobility, water security, and social finance, as well as its contribution to achieving the UAE’s national priorities, including the Climate Neutrality Strategy 2050, the Nationally Determined Contributions 3.0, and the “We Are the UAE 2031” vision.

The bank continues its unwavering commitment to supporting the national economy, having allocated approximately AED 152.2 billion since 2022 to initiatives that support sustainable development. This contributes to economic diversification in line with the "We Are the UAE 2031" vision and accelerates efforts to reduce emissions across various sectors, supporting nationally determined contributions.

The report also indicates that First Abu Dhabi Bank financed more than 30,000 electric vehicles, representing over 57 percent of the total electric vehicles on UAE roads by 2025. This initiative supports accelerating the reduction of carbon emissions in the urban transport sector within the country's cities, reducing vehicle emissions, improving air quality, and promoting a widespread shift towards clean mobility solutions.