Mashreq Launches Climate Initiative

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by KnowESG,

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KnowESG_Mashreq Launches Climate Initiative
Image courtesy of Mashreq

Mashreq, a prominent financial institution in the MENA region, has officially unveiled Climb2Change, a global initiative that unites the bank's extensive ESG endeavours and achievements, encompassing its sustainable finance commitments and its determination to expedite environmental and social impact.

The Climb2Change Initiative not only builds on the bank's active involvement in COP28 this coming December but also underscores Mashreq's steadfast dedication to propelling sustainability and fostering positive change.

Climb2Change will consolidate Mashreq's impressive track record in sustainable financing, responsible banking offerings, social impact endeavours, and its net-zero commitment into a distinctive global endeavour, reinforcing the bank's position as a leader in sustainable banking both within the MENA region and on the global stage.

Commenting on this initiative, Ahmed Abdelaal, Group CEO of Mashreq, expressed, "As a prominent banking institution in the UAE and the broader region, our most influential role lies in directing financial flows and providing clients with innovative solutions that go beyond conventional financing. Climb2Change serves as our strategic worldwide endeavour, where we actively put this commitment into practice.

"Through this initiative, we not only raise our operational standards to meet the highest environmental, social, and governance criteria but also generate shared value for all stakeholders, in alignment with our guiding principle of 'Rise Responsibly.

"The introduction of Climb2Change strategically coincides with our active participation at COP28. Our vision for this initiative extends beyond our own impact; we aspire to encourage collaboration among individuals and businesses who share our mission. Our goal is not only to inspire them but to empower them to establish their own Climb2Change Initiative, facilitating a collective amplification of ESG efforts and commitments for a sustainable and greener future."

As part of a fresh and upcoming endeavour under the Climb2Change umbrella, Mashreq will facilitate the cleanup of the world's largest mountains through expeditions to 14 of the most polluted mountains globally, reaching the summit of seven and establishing base camps at the remaining seven.

This initiative seeks to promote global awareness and advocate for recycling practices, waste reduction, and environmental preservation on a worldwide scale, aligning with Mashreq's dedication to sustainability and its commitment to making a positive impact on the world.

Mashreq aims to engage influencers, local authorities, communities, organisations, and volunteers who possess a profound connection and understanding of these mountains in a collective effort to create a cleaner and healthier environment for everyone.

Mashreq is leading by example, calling on individuals and like-minded companies worldwide to join the Climb2Change journey and contribute to the creation of a sustainable world.

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Source: Khaleej Times

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