Mashreq is a leading financial institution in the MENA region whose mandate is to help their customers "Rise Every Day." This also recognizes the role they must play in facilitating the transition to a low carbon society.
Mashreq's collaboration with ecolytiq to develop a climate banking platform is part of their "Climb2Change" ESG initiative, cementing their position as a sustainability trailblazer in MENA, especially in lead up to COP28.
“Introducing features that increase visibility over carbon emissions information for our clients is a step in the right direction that increases climate awareness and aligns with our ambitions to accelerate positive environmental impact, underscoring Mashreq’s unwavering commitment to driving sustainability and cementing our position as a sustainability trailblazer in MENA.”
Fernando Morillo
Our challenge was to launch the first climate banking solution in the MENA region, to enable Mashreq customers to see the impact of their daily expenditures and facilitate them with engaging insights on how to lead a more sustainable lifestyle.
In order to realize the vision of being the first solution of its kind in the region, our goal was to launch the implementation in record time before COP28.
“As a bank, we believe we can make the biggest difference through our ability to direct capital flows and provide our clients with solutions that go beyond the realm of financing,” says Fernando Morillo, Group Head of Retail Banking, Mashreq.
“To this end, we recognise the role we must play in facilitating the transition to a low carbon society and we are committed to opening up new opportunities for our clients to access solutions that support them on their own transition journeys.”
Mashreq customers see carbon emissions calculations seamlessly embedded next to their transactions, giving more transparency on their spending.
