Green Sukuk can help the Gulf Cooperation Council (GCC) nations in meeting their Sustainable Development Goals (SDGs)

March 04, 2020

Since the adoption of the United Nations’ SDGs globally, governments have been taking steps towards achieving these targets. However, the level of change required is not something that governments can achieve without the help of corporates.

Sustainable financing provides a way for companies to transition their activities towards a more environmentally friendly and sustainable future. In particular, Green Sukuk (in which proceeds can only be used for climate-friendly investments) is gaining popularity.

Standard & Poor’s Global estimates an increase in the Green Sukuk market in 2020, led by an increased commitment for responsible investing.