Emsteel, the parent company of Emirates Steel, has introduced a pioneering green finance framework in the UAE to support environmental initiatives and promote global sustainable development and decarbonization efforts. This initiative enables Emsteel and its subsidiaries to secure funding through green bonds, loans, and medium-term notes (MTNs) in various currencies, focusing solely on environmentally friendly projects such as low-emission steel and cement production, solar energy, and energy-efficient technologies. Emsteel's CEO emphasized that this program is not just a financial tool but a strategic mechanism to expedite the transition to a low-carbon economy, meeting stringent international green finance standards. The framework received a 'Very Good' rating by Moody's Ratings, enhancing investor confidence. Emsteel has also set ambitious climate targets to slash greenhouse gas emissions by 40% in the steel sector and 30% in the cement sector by 2030. Furthermore, Emsteel operates 16 facilities with substantial production capacities and has allocated significant resources to innovation and investment. Additionally, being the only steel producer in the GCC with plans for a green hydrogen pilot project in 2024, Emsteel is actively steering the industry towards sustainability. With a prominent market share in Abu Dhabi and the UAE, Emsteel exports to over 70 countries, solidifying its position as a key player in the global steel market.