DEALS Enhancing our sustainability strategy for the greater good Absa | Corporate and Investment Banking > Insights and Events > Re-anchoring our sustainability strategy for the greater good SHARE We are proud to have recently issued our first inaugural green bond raising R2.6bn across three, five and seven year maturities. The use of proceeds will be earmarked for solar and wind renewable energy projects. In 2021 we enhanced our sustainable finance strategy to find solutions that help our clients make investments that have a positive impact. Our strategic direction builds on our successes while acknowledging areas for further impact. In our refreshed strategy, environmental, social and governance (ESG) priorities were further elevated, along with our digital endeavours. This sustainable finance issuance framework is a critical tool that sets guidelines and provides a platform for originating and raising more green, social and sustainable assets. On the basis of this framework, we recently issued our first inaugural green bond raising R2.6bn across three, five and seven year maturities. The use of proceeds will be earmarked for solar and wind renewable energy projects. Our strategic theme of being an active force for good in everything we do encapsulates these ambitions. We look forward to in growing this new vision as we deliver true long-term value that allows us to be a force of unwavering positive impact. The bravery to imagine. That’s Africanacity. Contact us Read more on our Sustainable Finance Issuance Framework https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Powering a sustainable future with Ferroglobe At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. Read more DEALS Propelling South Africa’s Just Energy Transition Our landmark project financing contribution towards an R8.8 billion transaction with Red Rocket South Africa (Pty) Ltd reinforces our position as a market leader in renewable energy financing. Read more DEALS Building a more robust green energy landscape South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects. Read more
