Green Financing Agreement
ADNOC has secured a $2 billion green financing agreement backed by Korea Trade Insurance Corporation (K-SURE) to support lower-carbon projects. This facility is part of ADNOC's Sustainable Finance Framework, aligning with international sustainable finance market standards.
Expansion of Green Funding
This agreement contributes to ADNOC's total green funding, which has reached $5 billion in just 18 months. The financing is structured to facilitate projects that comply with global sustainable finance principles, as confirmed by Sustainable Fitch.
Decarbonization Goals
ADNOC is committed to reducing its operational carbon emissions intensity by 25% by 2030. The company is investing $23 billion to decarbonize its operations and accelerate the growth of new energy sources, including hydrogen, geothermal, and renewables.
International Collaboration
The agreement was announced during a visit to South Korea by Dr. Sultan Al Jaber, ADNOC's Managing Director and Group CEO. This marks ADNOC's first green financing facility backed by a Korean export credit agency, following a previous $3 billion transaction with the Japan Bank for International Cooperation in 2024.
