Mashreq’s Climb2Change initiative elevates ESG commitments to prominence

Cementing bank's position as a sustainability trailblazer in MENA
Mashreq’s Climb2Change initiative elevates ESG commitments to prominence
The Climb2Change initiative further solidifies Mashreq's steadfast dedication to sustainability and creating a meaningful difference.

Mashreq, a prominent MENA region financial institution, has announced the launch of Climb2Change, a global initiative that consolidates the bank’s comprehensive ESG efforts and objectives. This includes sustainable finance commitments and a drive to enhance environmental and social impact. The Climb2Change initiative further solidifies Mashreq’s steadfast dedication to sustainability and creating a meaningful difference, while also reinforcing its active involvement in COP28 this December.

Read more: UAE national banks green finance agenda in support of COP28, net-zero 2050

Climb2Change, a new global initiative by Mashreq, will bring together the bank’s achievements in sustainable linked financing, responsible banking products, social impact initiatives, and net-zero commitment. This consolidated effort reinforces Mashreq’s position as a leader in sustainable banking, both in the MENA region and globally.

Transcending conventional financing

Ahmed Abdelaal, group CEO of Mashreq, expressed his thoughts on the initiative, stating, “As a leading banking institution in the UAE and the wider region, our most impactful role lies in steering capital flows and providing clients with solutions that transcend conventional financing. Climb2Change serves as our strategic global initiative where we actively translate this commitment. Through this initiative, we not only elevate our operations to meet the highest environmental, social, and governance standards but also create shared value for all stakeholders, in line with our guiding principle of ‘Rise Responsibly’.”

“The launch of Climb2Change strategically coincides with our active participation at COP28. Our vision for this initiative extends beyond our own impact; we aspire to foster collaboration among individuals and businesses who share our mission. We aim to not only inspire but empower them to establish their own Climb2Change initiative, enabling a collective scaling of ESG efforts and commitments for a sustainable and greener future,” Abdelaal added.

New endeavor

As part of the Climb2Change initiative, Mashreq is embarking on a novel endeavor to clean up mountains through expeditions to 14 renowned peaks, reaching the summit of 7 and the base camp of the remaining 7. This unique initiative is designed to raise awareness, promote recycling practices, reduce waste, and preserve the environment on a global scale. It aligns with Mashreq’s commitment to sustainability and creating a positive impact in the world.

Mashreq seeks to foster collaboration with influencers, local authorities, communities, organizations, and dedicated volunteers who possess a profound connection and understanding of mountains. Together, they aim to create a cleaner and healthier environment that benefits everyone involved.

For more news on sustainability, click here.

Related Topics:
The stories on our website are intended for informational purposes only. Those with finance, investment, tax or legal content are not to be taken as financial advice or recommendation. Refer to our full disclaimer policy here.