UAE district cooling firm Tabreed creates framework to ‘green finance’ its projects

“Around the world, governments and public institutions are adopting ambitious sustainability agendas and at Tabreed we are supporting the UAE’s efforts in this regard. Our investors and stakeholders trust us to lead the drive for sustainability in the district cooling and energy sector. This green financial framework will benefit developers and communities alike, as well as provide Tabreed with its own extra capacity for meaningful growth.”

The Green Financing Framework has been developed in accordance with ICMA Green Bond Principles (GBP) 2021 and the Loan Market Association’s Green Loan Principles (GLP) 2021. It will be governed by a multidisciplinary management committee led by Tabreed’s CFO.