ADIB 9M 2023 Earnings Report
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ADIB Sustainable Finance Framework
Use of Process
مصرف أبوظبي الإسلامي
ADIB
ISS CORPORATE
SOLUTIONS
• Net proceeds will be used to finance or refinance eligible green assets, businesses, projects and investments aligned with the
eligibility criteria.
The eligible projects portfolio may include new or existing projects with a maximum 3 years look back period
ADIB has obtained a Second Party Opinion
from ISS Corporate Solutions
Process for Project Evaluation
and Selection
• ADIB has developed an ESG due
diligence toolkit to identify and assess
deals with clear environmental or
social benefits
⚫ The ESG assessment provides a
powerful ex-ante and ex-post means
to oversee and monitor ESG risks in
financing and investing activities
while supporting positive
engagements with clients on key ESG
topics
• ADIB'S ESG department and a
sustainable finance working group
established within the ESG
department, will review the use of
proceeds and approve or reject deals
to ensure compliance with the
Sustainable Finance Framework
Management of Proceeds
• Net proceeds of Sustainable Finance
Transactions will be fully allocated
within 24 months from issuance, and
maintained in a separate Sustainable
Finance Register
• ADIB will ensure an adequate balance
of green/social assets is maintained
to match issuance amounts at all
times. Unallocated net proceeds will
be placed in short-term Shari'a
compliant instruments
• ADIB's ESG Board Committee, with
the support of the ESG department,
will review the Sustainable Finance
Register on a semi-annual basis to
ensure all eligible assets meet the
eligibility criteria in the framework
Reporting
• ADIB will report on the
allocation and impact of net
proceeds on an annual basis
until full allocation in an
annual Sustainable Finance
Report
•
The Sustainable Finance
Report will be produced and
reviewed by the ESG
department
• ADIB will appoint an external
party to verify the allocation
of net proceeds towards
eligible projects in line with
the criteria in the Framework
Alignment with
ICMA GBP, SBP
and SBG, LMA
GLP and SLP
Sustainability
Quality of
Eligibility Criteria
Linking the
transaction(s) to
ADIB's ESG
profile
Aligned. ADIB has defined a
formal concept for its
Sustainable Financing
Instruments regarding the use of
proceeds, process for project
evaluation and selection,
management of proceeds and
reporting.
✓ Positive. The environmental
and social risks associated with
the Use of Proceeds categories
are managed.
✓ The key sustainability
objectives and the rationale for
issuing Sustainable Financing
Instruments are clearly
described by the issuer.
The majority of the project
categories considered are in line
with the sustainability objectives
of the issuer.
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