Impact & Sustainability
Measuring What Matters
We are committed to deliver on our mandate as an impact fund and to adhere to highest standards in our stakeholder dealings, including clients, investors and our workforce. Our sustainability governance builds on oversight through both Board- and Executive-level committees, and we promote transparency though annual publications of a Sustainability Report and a Green Bond Report. As of year-end 2024 total sustainability-linked financing stood at $1.3B, representing 22% of our $5.8 billion corporate loan portfolio. For these assets we are annually quantifying the real-life, tangible impacts for the region, and starting 2026 we will measure impacts at corporate level for the Fund as a whole.
Green Projects Implemented (projects)
Annual Renewable Energy Generation (MWh)
Treated Wastewater Annually (m³)
Waste Treated Annually (tons)
Population Served (homes)
Total Allocated Proceeds (US$)
*As of Oct 2023
Our Sustainability Strategy
Responsible Banking and Investing
We are developing our ambitions to manage both direct and indirect environmental and social impacts through our lending and investment portfolios. As part of this, we look to identify and assess ESG and climate risks and to promote sustainable financial products and instruments.
Social Impact and Economic Opportunity
Our financing generates measurable social impact through job creation, local content development, talent development programs, and community infrastructure initiatives. Projects we support provide essential services – electricity, clean water, transportation – to millions across MENA, directly contributing to improved living standards and economic opportunity.
We prioritize talent development through initiatives including our flagship “50+” Graduate Program, which welcomed 12 participants from five member states selected from over 10,000 global applicants. The program provides specialized training in key business areas, building the next generation of energy sector leaders.
Financial Resilience and Governance
Strong governance and financial resilience underpin our ability to deliver sustainable impact over the long term. We maintain one of the strongest balance sheets among regional institutions with a AA+ credit rating (from Fitch), 29.7% capital adequacy ratio (by the end of 2024), and disciplined risk management across all business lines.
Our governance framework was strengthened in 2024 through the reorganization of board committees into four specialized areas, providing enhanced oversight across audit, compliance, risk, sustainability, and strategy. Key governance documents were updated to reflect our ongoing transformation agenda while maintaining continuity with our founding mandate.
Sustainability Disclosures
We published for 2024 our inaugural Sustainability Report in line with the Global Reporting Initiative. In this way we report annually on our sustainability commitments, until sustainability reporting ultimately becomes integrated within our annual reporting.
Green Bond Reports
We have issued $1.5 billion in green bonds to exclusively finance renewable energy, energy efficiency, and sustainable water projects. Our Green Bond Framework is aligned with ICMA Green Bond Principles and UN Sustainable Development Goals.
