UAE’s Etihad Rail Launches Sustainable Finance Framework to Boost Green Investments

DUBAI:

Etihad Rail, leading the rollout of the United Arab Emirates’ extensive train network, launched its sustainable Nidhi system on Wednesday. The commitment of the transport and infrastructure sectors and green investment firms has led to this new initiative.

Etihad Rail’s Environmental, Social, People (ESG) strategy has a sustainable funding structure in place to align future funding. It provides detailed guidelines for evaluating investments focused on clean transportation, green building projects, and pollution prevention. These guidelines will strengthen essential elements such as green credit and journal funds, revenue sharing, project evaluations, investment management and reporting.

SIFO Ali Tabbal highlighted the importance of this framework, which provides a clear roadmap for integrating ESG tests into investment projects. This approach is in line with the UAE’s broader environmental goals, particularly the target of zero net carbon emissions by 2050. The organization is supporting the green initiatives of the initiative building on the momentum from the recent COP28 climate summit in Dubai.

Etihad Rail’s network across the United Arab Emirates is about 900 km. It connects major abattoirs such as Ghuwaifat on the Saudi Arabian border with significant ports such as Fujairah near the Omani border. The introduction of this framework promotes sustainable development, and Etihad Rail’s role in advancing the United Arab Emirates’ environmental goals.