DUBAI (Businesshala) – Etihad Airways said on Wednesday it has raised $1.2 billion in global aviation with debt linked to environmental, social and governance (ESG) goals.
The airline said it was the first sustainability-linked loan in global aviation linked to the ESG targets, which are related to reducing carbon emissions and improving corporate governance, in addition to advancing women’s participation.
Adam Bocadida, the group’s CFO, said, “Through our Greenliner program, we are taking several sustainability-related initiatives at Etihad Airways to improve aviation’s environmental footprint, and green financing is an important part of our strategy.”
Etihad has committed to the goal of net zero carbon emissions by 2050.
hsbc hsba.l more fab fab.ed Served as Joint ESG Structuring Bank, Joint ESG Coordinator, Joint Bookrunner and Mandatory Lead Arrangers. The FAB also acted as a facilitator agent.
Last year, Etihad raised $600 million in “transition” sukuk, or Islamic bonds, which are used by companies to switch to more environmentally sustainable operations.
It also raised a loan of 100 million euros in 2019 tied to the United Nations Sustainable Development Goals.