Etihad Signs Abu Dhabi Global Market’s Sustainable Deposit Solution
Etihad Airways partnered with Citi UAE and signed the newly launched Citi Abu Dhabi Global Market’s (ADGM) Sustainable Deposit Solution, which will further assist the airline in investing excess cash as part of its sustainability agenda.
The initiative intends to explore innovative ways to support companies' sustainability objectives and helping clients advance ESG KPIs in their treasuries through a range of sustainable solutions.
Citi Abu Dhabi Global Market’s (ADGM) Sustainable Deposit Solution will now assist the airline in investing excess cash as part of its sustainability agenda.
Group Treasurer of Etihad Aviation Group, Daniel Tromans, said: “We are delighted to be the first corporate to deposit funds in Citi ADGM’s Sustainable Deposit. This is another clear signal of our commitment to sustainability.”
Citi’s Frameworks align with the International Capital Market Association’s Green Bond Principles and Social Bond Principles and have been assessed by a leading independent ESG and corporate governance research, ratings, and analytics firm.
Etihad will have access to Citi’s two new deposit solutions – Sustainable Time Deposit and Sustainable Minimum Maturity Time Deposits – which deliver competitive yields and are based on Citi’s green and social bond frameworks, supporting the UN’s Sustainable Development Goals.