COP28 Spotlight on ESG Sukuk to Boost Environmentally-Friendly Investments
-
COP28 to raise awareness of sustainability, driving investments toward environmentally responsible approach
-
Sukuk issuances, especially ESG sukuk, anticipated to benefit from COP28 spotlight
-
UAE emerged as leading global ESG sukuk issuer in Q3 2023, with $1.8B out of $2.3B worldwide
-
Absence of governmental ESG sukuk issuances in UAE, expected surge once public sector enters space
-
Fitch rated over 80% of global ESG sukuk as investment grade, dominated by Saudi Arabia and UAE