Emirates NBD Joins Sustainable Markets Initiative as First GCC Member of Financial Services Task Force

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Emirates NBD Joins Sustainable Markets Initiative as First GCC Member of Financial Services Task Force

Emirates NBD, one of the leading banking groups in the Middle East, North Africa and Türkiye (MENAT) region, has joined the Sustainable Markets Initiative (SMI), becoming the first GCC member of its Financial Services Task Force.

The SMI, launched in 2020 by His Majesty King Charles III, then the Prince of Wales, is a global private sector platform dedicated to advancing sustainable transition. Its Financial Services Task Force brings together CEOs from the international banking sector to mobilise capital at scale, accelerate infrastructure investment, and develop climate and nature-positive financial solutions.

Since its inception, the Task Force has introduced foundational frameworks for the banking sector, including standardised methodologies for transition finance and expertise in nature-based solutions.

Shayne Nelson, Group Chief Executive Officer at Emirates NBD, said:
“At Emirates NBD, sustainability is intrinsically woven into our culture, operations and strategy, underpinning our decision to join the Sustainable Markets Initiative. Our proven track record of ESG milestones demonstrates our unwavering commitment to decarbonisation. By integrating into the Financial Services Task Force, we will advance regional and global efforts to tackle climate and biodiversity challenges.”

Jennifer Jordan-Saifi, CEO of the Sustainable Markets Initiative, welcomed the move:
“We are pleased to welcome Emirates NBD to the SMI’s Financial Services Task Force. The global private sector must work together to accelerate transition at scale, and aligning industry, financial, and country efforts is critical if we are to deliver a sustainable future.”

Vijay Bains, Chief Sustainability Officer and Group Head of ESG at Emirates NBD, added:
“Our ESG strategy extends beyond climate risks, focusing on products and services that benefit both people and the planet. By embedding innovative finance, strong governance, and impactful global initiatives, we are paving the way for a more resilient, inclusive, and low-carbon future.”

As part of its broader commitment to sustainability, Emirates NBD continues to play a leading role in supporting the UAE’s initiatives, including acting as Principal Banking Partner of COP28 and contributing to city-wide projects such as the Dubai Can initiative to reduce plastic use.