Gulf Capital Joins Abu Dhabi Sustainable Finance Declaration To Support UAE's Green Economy

Gulf Capital, a leading private equity firm with operations extending from the GCC across Asia, has solidified its dedication to sustainable finance by joining the Abu Dhabi Sustainable Finance Declaration (ADSFD).

This move aligns with the UAE's broader objectives to foster a green economy and underscores the firm's role in promoting environmentally responsible investment practices. The ADSFD initiative, backed by a coalition including the ADGM, the Ministry of Climate Change and Environment, the Central Bank of the UAE, and the Securities and Commodities Authority, aims to cultivate a robust and healthy sustainable finance industry by bringing together a diverse group of stakeholders.

Dr. Karim El Solh, co-Founder and CEO of Gulf Capital, said: "We are delighted to join the efforts of Abu Dhabi and the wider UAE in the journey towards a greener and more sustainable economy. Gulf Capital aims to contribute to the development of a more sustainable global and regional financial system and Abu Dhabi Sustainable Finance Declaration is the perfect platform for reaching our aspirations." This commitment reflects Gulf Capital's proactive approach to incorporating Environmental, Social, and Governance (ESG) considerations into their investment strategy.

Furthermore, Gulf Capital has established itself as a pioneer in the sustainable investment sector by being the first entity from the Middle East and Africa to endorse the Sustainable Markets Initiative (SMI). This initiative, launched by His Majesty King Charles III, outlines a path for businesses to achieve sustainability by 2030.

Additionally, Gulf Capital has committed to the United Nations Principles for Responsible Investment (UNPRI), integrating ESG factors into its investment decisions. The firm's dedication to environmental stewardship was further highlighted by its designation as an official Climate Action Supporter for the UN Conference of Parties COP28, a global climate conference led by the UAE.

The ADSFD serves as a collaborative platform for financial institutions, government entities, academics, and other stakeholders to advance sustainable finance. Through its membership, Gulf Capital joins a community dedicated to creating a positive impact on the environment while fostering economic growth. This reflects a growing recognition of the critical role the finance industry plays in addressing global environmental challenges.

By aligning with international initiatives like the SMI and the UNPRI, Gulf Capital not only demonstrates its commitment to sustainable practices but also sets a benchmark for other firms in the region. The firm's involvement in COP28 underscores the UAE's leadership role in climate action and showcases Gulf Capital's support for global efforts to combat climate change.