A sustainability-linked loan of $1.25 billion is raised by Majid Al Futtaim of the UAE
According to a report on Monday, Majid Al Futtaim, the UAE’s largest retail conglomerate, raised a revolving credit facility of $1.25 billion linked to the company’s environmental, social, and governance (ESG) objectives.
It is the second sustainability-linked loan for the conglomerate According to a report on Monday, Majid Al Futtaim, the UAE’s largest retail conglomerate, raised a revolving credit facility of $1.25 billion linked to the company’s environmental, social, and governance (ESG) objectives.
It is the second sustainability-linked loan for the conglomerate, financed by First Abu Dhabi Bank as sustainability coordinator and agent, and is the second sustainability-linked loan for the company.
There is a retail giant called Majid Al Futtaim (MAF) that operates malls across the Middle East. During the period of the facility’s life cycle, MAF plans to measure sustainability performance targets (SPTs) periodically to ensure continuous improvement in sustainability.
It is expected that the loan will enable MAF to reduce its Scope 1 and 2 emissions, as well as to implement LEED certification for its malls.
It is one of the most widely recognized certifications in the green building today, LEED (Leadership in Energy and Environmental Design).
During the month of August last year, MAF raised $1.5 billion in a sustainability-linked loan.
In June, the company raised $500 million in perpetual green bonds, refinancing existing hybrid bonds that it held previously.
te, financed by First Abu Dhabi Bank as sustainability coordinator and agent and is the second sustainability-linked loan for the company.
There is a retail giant called Majid Al Futtaim (MAF) that operates malls across the Middle East. During the period of the facility’s life cycle, MAF plans to measure sustainability performance targets (SPTs) periodically to ensure continuous improvement in sustainability.
It is expected that the loan will enable MAF to reduce its Scope 1 and 2 emissions, as well as to implement LEED certification for its malls.
It is one of the most widely recognized certifications in the green building today, LEED (Leadership in Energy and Environmental Design).
During the month of August last year, MAF raised $1.5 billion in a sustainability-linked loan.
In June, the company raised $500 million in perpetual green bonds, refinancing existing hybrid bonds that it held previously.
Prachi, an accomplished Chief-Editor at The Sustainable Brands Journal, has 15+ years of experience in Europe, the Middle East, and India, managing 90+ global sustainable brands. She’s a prolific writer in sustainability, contributing to various publications. Prachi’s unwavering passion and expertise make her a recognized authority, driving positive change and inspiring a sustainable future.
