Row rect Shape Decorative svg added to bottom 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 Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more DEALS Seeding success through inclusive partnerships Absa has partnered with HEINEKEN Beverages on a R1.2 billion initiative to support black-owned SMEs across South Africa. As the Fund Administrator, Debt Funder, and Strategic Enabler, Absa will manage two development funds - the Supplier Development Fund and the Enterprise Development Fund to empower at least 125 black-owned SMEs. Read more
