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  • Writer's pictureTeam CargoTalk

EGA, Emirates NBD pioneer ESG-linked SCF program

Emirates Global Aluminium (EGA) and Emirates NBD, a leading banking group in the MENAT region, has announced the launch of an ESG-linked Supply Chain Finance (SCF) program to advance sustainability in EGA’s supply chain. Abdulnasser Bin Kalban, CEO, EGA, said, “The aluminum EGA produces plays a key role in the development of a more sustainable society worldwide. Supply chain financing enables suppliers to access payment early and is an increasingly popular way to manage working capital.” Ahmed Al Qassim, Group Head, Wholesale Banking, Emirates NBD, said, “We are pleased to partner with EGA to unveil a pioneering ESG-linked Supply Chain Finance programme in the manufacturing sector. As the UAE prepares to host COP28, initiatives such as these will allow us to actively shape a more sustainable tomorrow for the MENAT region and beyond.”


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