Work Detail |
Gulf Capital, one of the leading private equity firms in the Gulf Cooperation Council (GCC), has announced its formal membership in the Abu Dhabi Sustainable Finance Declaration (ADSFD), reinforcing its dedication to sustainable finance and investments in line with the UAE’s Green Economy for Sustainable Development initiative.
The ADSFD, a voluntary initiative spearheaded by the Abu Dhabi Global Market (ADGM) with support from the UAE Ministry of Climate Change and Environment, the Central Bank of the UAE, and the Securities and Commodities Authority, serves as a collaborative platform. It unites investors, financial institutions, government agencies, academia, and other stakeholders to foster a healthy sustainable finance ecosystem.
Dr. Karim El Solh, co-founder and CEO of Gulf Capital, expressed the firm’s enthusiasm for joining the initiative. “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 the Abu Dhabi Sustainable Finance Declaration is the perfect platform for reaching our aspirations.”
Gulf Capital’s participation in ADSFD further builds on its leadership in sustainability. The firm was the first in the Middle East and Africa to sign the Sustainable Markets Initiative (SMI), launched by His Majesty King Charles III, which provides a roadmap for businesses to transition to a sustainable future by 2030. Additionally, Gulf Capital is a signatory of the United Nations Principles for Responsible Investment (UNPRI), incorporating Environmental, Social, and Governance (ESG) considerations into its investment strategy. The firm also played a prominent role as an official Climate Action Supporter for the UAE-hosted COP28, the global climate change conference.
With these initiatives, Gulf Capital continues to position itself as a key player in the region’s sustainable finance landscape. |