Abu Dhabi Commercial Bank Egypt has announced its collaboration with the United Nations Industrial Development Organization (UNIDO) through the Inclusive Green Growth in Egypt (IGGE) program. The initiative aims to support small and medium enterprises (SMEs) in sectors transitioning towards a green economy, including renewable energy, resource efficiency, sustainable agriculture, and waste management. As part of the bank’s sustainability strategy, UNIDO will provide technical support to clients, enhance the efficiency of sustainable finance staff, and assist in developing sustainable financial products. This partnership aligns with the bank’s commitment to sustainable growth and responsible investment.
CEO and Managing Director of Abu Dhabi Commercial Bank Egypt, Mr. Ihab ElSewerky, emphasized the importance of international collaborations to expand the sustainable financing portfolio. The partnership with UNIDO aims to support SME clients, enhance their competitiveness, and contribute to the Egyptian economy’s sustainable development.
Mr. Hisham Abbas, Head of Financial Institutions and Corporate Finance, highlighted that this collaboration reinforces the bank’s capabilities to achieve a sustainable growth strategy. The partnership supports responsible investment, encourages positive impacts, and aligns with Egypt’s Vision 2030.
Patrick Jean Gilabert, Representative of UNIDO, expressed the importance of working with the banking sector to provide dedicated green and sustainable finance for SMEs. This collaboration aims to foster the creation and growth of 150 green SMEs, contributing to sustained economic growth while safeguarding the environment.
It’s noteworthy that Abu Dhabi Commercial Bank recently launched the first sustainable corporate account in Egypt, designed to help companies manage their finances while transitioning to a sustainable economy. This initiative aligns with Egypt’s Sustainability Plan 2030 and Abu Dhabi Commercial Group’s commitment to the Net Zero Banking Alliance, striving to achieve climate neutrality by 2050.
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 through the Inclusive Green Growth in Egypt (IGGE) program, supporting small and medium enterprises (SMEs) in transitioning towards a green economy. This partnership enhances the bank's sustainability strategy, fosters responsible investment, and contributes to Egypt's Vision 2030. The collaboration includes technical support, sustainable financial products, and a focus on building 150 green SMEs, aligning with global efforts for climate action and economic prosperity.){kind=link}