FAB issues second $20m Blue Bond to boost ocean projects

First Abu Dhabi Bank (FAB) has issued its second Blue Bond worth $20 million, reinforcing its leadership in sustainable finance and commitment to protecting marine ecosystems. The three-year bond follows FAB’s inaugural Blue Bond launched in August 2025, taking its total blue finance issuances to $70 million.

The bond proceeds will exclusively fund key water and ocean-related projects aimed at improving climate resilience and advancing environmental sustainability across the UAE. These include large-scale wastewater treatment plants that collectively deliver a daily capacity of 430,000 cubic metres, allowing recycled water to be used for irrigation in Abu Dhabi and Al Ain.

In addition, part of the funding will support a newly developed desalination facility producing 37 million litres of water per day. The plant runs entirely on renewable energy—generating around 410,000 MWh annually—and is supported by a 700 MWh battery storage system to ensure consistent, low-carbon operation.

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FAB’s Blue Bond framework is aligned with the International Capital Market Association’s Green Bond Principles and its own Sustainable Finance Framework 2023. Each project financed under the initiative undergoes strict ESG assessment and continuous impact monitoring to ensure measurable environmental benefits.

The bank’s growing focus on blue finance directly supports the UAE Water Security Strategy 2036 and the nation’s broader sustainability goals. As Abu Dhabi prepares to host the IUCN World Conservation Congress, FAB’s latest issuance reflects both national ambition and market confidence in innovative climate-linked instruments.

By steering capital toward water resilience and marine protection, FAB is strengthening the UAE’s position as a regional leader in sustainable finance—showing how financial innovation can help secure a cleaner, more resilient future for people and planet alike.