Emirates NBD drives UAE's decarbonisation shift by pioneering the UAE's first dedicated Transition Finance Framework

• Reinforces Emirates NBD's leadership in sustainable and transition finance and enhances the bank's ability to support the real economy transition across the UAE and the wider region
• Key benefits include improved access to transition finance, clearer eligibility guidance, and support for emissions-reduction and low-carbon investments
• New framework underpins Emirates NBD's commitment to mobilise USD 30 billion of sustainable and transition finance by 2030

Dubai, UAE, 17 August 2026: Emirates NBD, a leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region, has marked a significant milestone in its sustainable finance journey by pioneering the UAE's first dedicated Transition Finance Framework to support corporate and institutional customers in their transformation to more sustainable business models.

The Transition Finance Framework establishes a clear methodology for identifying, assessing and labelling transition finance activities that contribute to the decarbonisation of high-emitting and hard-to-abate sectors that are complex, capital-intensive, or technologically challenging including manufacturing, mining, power and energy, real estate, transportation and storage, agriculture, and information technology.

Developed with reference to leading international guidance, including the ICMA Climate Transition Finance Handbook, the ICMA Climate Transition Bond Guidelines 2025, and the Loan Market Association Guide to Transition Loan Finance 2025, the Framework supports clients whose activities may not yet qualify as "green", but who are undertaking credible actions to reduce emissions and transition towards more sustainable business models.

Additionally, Emirates NBD has commissioned DNV Assurance to provide a Second Party Opinion, supporting the credibility and market alignment of the Framework. Corporate and institutional banking customers will benefit from improved access to transition finance solutions, clearer guidance on what types of activities may qualify as transition finance, support for investments linked to emissions reduction, energy efficiency, cleaner technologies and low-carbon business models and alignment with evolving investor, lender and regulatory expectations.

Vijay Bains, Chief Sustainability Officer and Group Head of ESG at Emirates NBD, said: "At Emirates NBD, our goal is to empower our clients with robust, transparent, and innovative transition finance solutions. This new Framework expands our existing and established Sustainable Finance and Sustainability-Linked Loan Financing Bond Frameworks, ensuring we are fully equipped to support the real economy transition across the UAE and the wider region. By providing a consistent internal methodology to assess eligible transition activities and engage clients on credible transition opportunities, the Framework reinforces Emirates NBD's role as a trusted partner in the region's shift towards lower-carbon operations.  In doing so, this initiative strengthens our commitment to mobilise USD 30 billion in sustainable and transition finance by 2030."

Emirates NBD supports the UAE Banking Federation's ambition to mobilise AED 1 trillion in sustainable finance by 2030, by setting the bank's own target of USD 30 billion by 2030. By strengthening its sustainable finance platform with a dedicated transition finance approach, Emirates NBD is accelerating efforts to achieve this goal while supporting the UAE's wider climate and economic ambitions by helping channel capital towards activities that can contribute to decarbonisation, industrial transformation and long-term resilience.