Emirates NBD has made an equity investment in Erguvan, a financial technology venture focused on providing digital tools for financial institutions and corporations to manage the impacts and risks associated with climate change. The investment was made through Deniz Ventures, an investment fund launched by DenizBank A.S., which is part of Emirates NBD. The fund was established to support investments in strategically relevant fintech, SustainTech, and startups across Emirates NBD’s key markets, including Turkey.
Erguvan offers Turkey’s first digital carbon credit trading platform called Erguvan Marketplace. Additionally, the company provides modular carbon footprint management technology through its Erguvan Climate Action Platform, which can be integrated via an API.
This investment aligns with Emirates NBD’s commitment to sustainability and its goal of setting a global benchmark for technology-driven ESG (Environmental, Social, and Governance) solutions. The bank’s focus on sustainability is reflected in its support for climate-focused initiatives and investments in innovative fintech solutions in this space.
Emirates NBD recently announced plans to launch a sustainability-themed accelerator program ahead of COP28. This program aims to invite global green fintech companies to showcase their sustainability-focused financing solutions and processes, contributing to a more climate-resilient future.
By FCCT Editorial Team
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