Chalhoub Group secures ESG-linked working capital facility from Emirates NBD

What: Chalhoub Group has partnered with Emirates NBD to secure an ESG-linked working capital facility, supporting the retailer's sustainability strategy and net-zero goals.

Why it is important: This partnership highlights Chalhoub Group’s commitment to sustainability and aligns with Saudi Arabia’s Vision 2030, promoting responsible business practices and environmental stewardship in the retail sector.

Chalhoub Group has secured its first ESG-linked working capital facility in Saudi Arabia through a partnership with Emirates NBD, marking a significant milestone in the retailer's sustainability journey. The agreement will support Chalhoub Group’s efforts to implement its net-zero strategy and advance its environmental, social, and governance (ESG) objectives. The signing ceremony brought together leaders from both organisations, emphasising their shared commitment to sustainable growth. This initiative aligns with Saudi Arabia’s Vision 2030, which aims to foster a low-carbon economy. Emirates NBD has expressed pride in supporting Chalhoub Group’s ambitions, noting that this facility exemplifies the bank’s leadership in providing innovative ESG-linked solutions. Chalhoub Group plans to expand this sustainable finance initiative to other regions, including Egypt and India, further solidifying its role as a leader in responsible business practices across international markets.