BEEAH launches new green finance framework with FAB

BEEAH has launched its first Sustainable Finance Framework to fund eligible sustainable projects across its operations in environment, energy, technology, healthcare and real estate.

Developed in collaboration with First Abu Dhabi Bank (FAB), the framework was formalised during the World Future Energy Summit 2026, part of Abu Dhabi Sustainability Week, reflecting the Group’s continued leadership in sustainability and innovation across the region.

The new framework empowers BEEAH and its subsidiaries to issue a range of sustainable financing instruments, including green, social or sustainability bonds, sukuk and loans.

The framework is aligned with the Loan Market Association and International Capital Markets Association sustainable finance principles and has been validated through a Second Party Opinion by Det Norske Veritas (DNV), the global assurance and risk management company.

Proceeds raised will be directed towards financing a range of eligible projects that directly contribute to the United Nations’ Sustainable Development Goals (SDGs) and advance BEEAH’s positive impact across future-critical industries.

These projects include clean energy, waste management and recycling, green buildings, circular economy solutions, low-carbon mobility and sustainable wastewater management, as well as social projects under healthcare and environmental education.

BEEAH’s latest financial framework aims to accelerate the organisation’s road to net-zero operations in the UAE by 2040 while serving as a key pillar of its broader sustainability strategy.

The framework strategically supports a nexus of national and global imperatives, such as the UAE Net Zero by 2050 Strategic Initiative, UAE Climate-Responsible Companies Pledge, National Hydrogen Strategy, as well as the UN Global Compact, a voluntary initiative that the organisation signed on to implement and disclose its support of the SDGs and environmental principles.

The announcement follows similar strides in the region, signalling a deepening commitment within the UAE and wider Gulf markets to fund the transition to low-carbon and more resource-efficient industries.

Meanwhile the Ministry of Energy and Infrastructure (MoEI) has announced plans to form a new joint venture with BEEAH, the region’s leading sustainability and innovation pioneer, and LOHUM, India’s largest diversified producer of sustainable critical minerals and advanced materials. Announced at the World Future Energy Summit on the sidelines of Abu Dhabi Sustainability Week, the partnership will facilitate the development of the UAE’s first, large-scale facility for electric vehicle (EV) battery recycling and second-life repurposing.

The joint venture builds on an earlier collaboration agreement between BEEAH and LOHUM to bring advanced lithium-ion battery recycling to the UAE. To be located within BEEAH’s integrated Waste Management Complex in Al Saja’a, Sharjah, the facility will have the technology to recycle and repurpose EV batteries, as well as other types of Lithium-ion batteries, enabling the UAE’s broader circular economy strategy. In 2026, it aims to process 1,500 tonnes of Lithium-ion batteries and, by the third year of operations, double its processing capacity. Through integrations with its software platform, the joint venture will also offer producers end-to-end traceability and visibility, from the collection and tagging of end-of-life Lithium-ion batteries to recycling and repurposing. This will empower producers to remain compliant with regulations, benefit from buyback programs, and actively participate in the circular economy.

Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, said, “This partnership is aligned with the national agenda to manage electric vehicle batteries through localised innovations. This will be achieved through the establishment of a specialised facility that operates at the highest technical and environmental standards, strengthening circularity and the UAE’s readiness to keep pace with the rapid growth of electric mobility.”

He added that the project represents a key pillar in the national roadmap, which positions the UAE as a global hub for electric vehicles and targets 50 per cent of vehicles to be electric by 2050.

He noted that the initiative supports the reduction of emissions in the transport sector, while contributing to the development of local industrial capabilities and creating sustainable economic opportunities. He also said the project addresses end-of-life battery challenges through an integrated, national framework that enhances long-term sustainability and competitiveness, strengthens supply chain resilience for critical battery materials, and reinforces the UAE’s position as a regional hub for clean energy technologies.

Khaled Al Huraimel, Group CEO and Vice Chairman, BEEAH, said, “For BEEAH, this project is a natural extension of our broader circularity strategy, demonstrating how sustainability unlocks value across future-critical industries. By joining forces with MoEI and LOHUM, we are proactively addressing end-of-life EV battery lifecycle management and reducing reliance on landfills, as demand for electric mobility surges.

WAM