{"id":78209,"date":"2023-06-26T01:00:25","date_gmt":"2023-06-26T01:00:25","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/"},"modified":"2023-06-26T01:00:25","modified_gmt":"2023-06-26T01:00:25","slug":"uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/","title":{"rendered":"UAE launches fintech sustainability pledge + KSA gov\u2019t, businesses talk energy transition funding"},"content":{"rendered":"<p><strong>UAE + MENA Fintech Association make sustainability pledge:<\/strong> The UAE\u2019s Climate Change and Environment Ministry and the Middle East and North Africa Fintech Association (MFTA) have launched the Sustainable Fintech Pledge with the aim of integrating sustainability practices at fintech companies, <a href=\"https:\/\/wam.ae\/en\/details\/1395303172485\">Wam<\/a> reported yesterday. The pledge outlines five core principles: Embedding sustainability in business operations, maintaining transparency and accountability, inspiring change beyond organizational boundaries, unlocking climate innovation in finance, and encouraging the development of sustainable fintech products and services. Signatories of the pledge include the Abu Dhabi Global Market, the Dubai International Financial Centre, and Building Products Company.<\/p>\n<p><strong>KSA officials, business leaders discuss funding for the energy transition + <\/strong><strong>establish business council:<\/strong> Government officials and private sector leaders from Saudi Arabia and Estonia held a three-day investment forum last week where they discussed potential funding in technology, startups, and the energy transition, <a href=\"https:\/\/www.arabnews.com\/node\/2326216\/business-economy\">Arab News<\/a> reported on Thursday. The Saudi-Estonian Investment Forum \u2014 held in Tallinn, Estonia \u2014 also saw the establishment of a business council between the Council of Saudi Chambers and the Estonian Chamber of Commerce and Industry.<\/p>\n<p><strong>Six energy and chemical companies are developing a roadmap for the import of <\/strong><strong>green hydrogen to Bavaria, Germany from North Africa<\/strong>, according to a joint statement <a href=\"https:\/\/ent.news\/2023\/6\/1426.pdf\">(pdf)<\/a> published on Wednesday. The six giant German and Austrian based companies \u2014 <a href=\"https:\/\/www.bayernets.de\/\">Bayernets<\/a>, <a href=\"https:\/\/www.bayernoil.de\/\">Bayernoil<\/a>, <a href=\"https:\/\/www.gasconnect.at\/\">Gas Connect Austria<\/a>, <a href=\"https:\/\/www.wacker.com\/cms\/en-us\/home\/home.html\">Wacker<\/a>, <a href=\"https:\/\/www.westlakevinnolit.com\/en\/\">Westlake Vinnolit<\/a>, and <a href=\"https:\/\/www.verbund.com\/\">Verbund<\/a> \u2014 will be looking to transport the green fuel via existing natural gas pipelines repurposed for hydrogen use, cutting costs and allowing for scalability, the statement said. The consortium is looking at transporting the hydrogen from Tunisia via Italy and Austria. Once completed, the hydrogen pipeline will be available for use by other market participants.<\/p>\n<p><strong>REMEMBER-<\/strong> Existing natural gas pipelines may become an essential asset in the green transition, offering the MENA region <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a826ad24-7a75-4bc4-a4e5-94d5cd5bc2cc\">an edge<\/a> due to its extensive natural gas pipelines, including the Arab Gas Pipeline and the EastMed pipeline. Bavaria\u2019s existing gas infrastructure is also expected to play an important role in Europe\u2019s hydrogen network, according to the statement.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Jordan\u2019s Energy and Mineral Resources Ministry <\/strong>signed an MoU with <strong>11 <\/strong><strong>hotels<\/strong> in Aqaba to enable them to implement <strong>energy conservation<\/strong> <strong>projects <\/strong>under the country\u2019s JD 3 mn (c. USD 4.2 mn) <strong>Tourism Sector Energy Efficiency Program. <\/strong>(<a href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=50869&lang=en&name=en_news\">Jordan News Agency<\/a>)<\/li>\n<li><strong>Dubai-based multinational logistics company DP World<\/strong> is converting <strong>22 <\/strong><strong>diesel-powered cranes<\/strong> to <strong>electric power<\/strong> in Brazil\u2019s leading multipurpose terminal Port of Santos. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303171924\">Wam<\/a>)<\/li>\n<li>The<strong> UAE <\/strong>Council for Environmental and Municipal Work has approved a plan for <strong>phasing out single-use plastics <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/47ae39f4-f032-4a9a-bf31-2dfc619bd5c3\">by 2024<\/a><\/strong>. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303172319\">Wam<\/a>)<\/li>\n<li><strong>Bahrain\u2019s Electricity and Water Authority<\/strong> is working on establishing <strong>five rapid electric car charging stations <\/strong>in the country. (<a href=\"https:\/\/www.newsofbahrain.com\/about\/\">The Daily Tribune<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>UAE + MENA Fintech Association make sustainability pledge: The UAE\u2019s Climate Change and Environment Ministry and the Middle East and North Africa Fintech Association (MFTA) have launched the Sustainable Fintech Pledge with the aim of integrating sustainability practices at fintech companies, Wam reported yesterday. The pledge outlines five core principles: Embedding sustainability in business operations, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78210,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[67],"tags":[66,492,11,1741,93,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-energy-efficiency","tag-enterpriseclimate","tag-fintech","tag-jordan","tag-uae","wpautop","entry"],"acf":{"mongo_id":"fff2dd4e-6da0-45f4-bca4-d5d380748811","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/1427.jpg","photo_position":"above","related_issue":[78189],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE launches fintech sustainability pledge + KSA gov\u2019t, businesses talk energy transition funding - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE launches fintech sustainability pledge + KSA gov\u2019t, businesses talk energy transition funding\" \/>\n<meta property=\"og:description\" content=\"UAE + MENA Fintech Association make sustainability pledge: The UAE\u2019s Climate Change and Environment Ministry and the Middle East and North Africa Fintech Association (MFTA) have launched the Sustainable Fintech Pledge with the aim of integrating sustainability practices at fintech companies, Wam reported yesterday. The pledge outlines five core principles: Embedding sustainability in business operations, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-26T01:00:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1427.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE launches fintech sustainability pledge + KSA gov\u2019t, businesses talk energy transition funding\",\"datePublished\":\"2023-06-26T01:00:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/\"},\"wordCount\":459,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1427.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"energy efficiency\",\"EnterpriseClimate\",\"Fintech\",\"Jordan\",\"UAE\"],\"articleSection\":[\"ALSO ON OUR RADAR\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/26\/uae-launches-fintech-sustainability-pledge-ksa-govt-businesses-talk-energy-transition-funding\/\",\"name\":\"UAE launches fintech sustainability pledge + KSA gov\u2019t, businesses talk energy transition funding - 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