Jordan
Ahli Bank has
achieved a major milestone in its sustainability journey with the full
allocation of Jordan’s first locally issued Sustainability Bond, reaffirming
its commitment to
advancing sustainable finance and supporting economic, social, and
environmental development across the Kingdom.اضافة اعلان
The USD 50 million bond was
launched in 2024 in partnership with the International Finance Corporation
(IFC), a member of the World Bank Group. Following the Shared Prosperity
Framework, the Sustainability Bond financed 582 eligible projects across multiple
industries in 10 governorates, delivering measurable economic, social and
environmental benefits. The largest share of funding was directed towards clean
transportation projects (34.0%), followed by green buildings (25.7%). In
addition, 18.9% of the bond proceeds were allocated to women-owned and
women-led SMEs, in accordance with Sustainable Finance Framework and
Sustainability Bond criteria reflecting Jordan
Ahli Bank’s dedication to advancing financial inclusion and strengthening
women’s economic participation.
The
bond also supported climate action through investments in climate adaptation
and mitigation projects, which together accounted for 20.8% of total
allocations, alongside renewable energy projects representing 0.6% of the
portfolio. These investments generated tangible environmental outcomes, reducing
greenhouse gas emissions by 28,862 tonnes of carbon dioxide equivalent (tCO₂e)
annually and backing national efforts to enhance environmental sustainability
and climate resilience.
Commenting
on the achievement, CEO/General Manager of Jordan Ahli Bank, Ahmad Abu
Eideh, said, “The results achieved through the projects financed under the
Sustainability Bond emphasize our commitment to channeling sustainable
financing into initiatives that deliver meaningful economic, social and
environmental impact. We firmly believe in the banking sector’s vital role in facilitating
the transition to a low-carbon economy by providing responsible financing
solutions that help address climate challenges while fostering
innovation-driven and resilient growth."
He
added, “We remain dedicated to embedding sustainability principles across all
aspects of our business and operations, reinforcing our ability to deliver
long-term value to our customers, communities and the national economy, while
supporting Jordan’s development priorities.”
Jordan
Ahli Bank continues to strengthen its leadership in sustainable
finance through the integration of sustainability principles across its
operations and financing activities.
The bank also adopts global best practices
in governance, transparency and environmental and social risk management. These
efforts align with Jordan’s Green Taxonomy and support the country’s green
transition, climate action agenda, financial inclusion goals and women’s economic
empowerment, in line with the Kingdom’s Economic Modernization Vision and
Sustainable Development Goals.
