Amman, Jordan – Signature Bank, an exclusive investment and banking solution from Cairo Amman Bank, recently took on a leading role in the pivotal second edition of the Green Finance Forum “GREEFIN 2024” as a gold sponsor. The event, proudly endorsed by Dr. Adel Ahmad Al-Sharkas. Governor of Central Bank of Jordan, was titled “Green Finance Forum (GREEFIN): A Strategic Necessity for the Banking Future.” Hosted by the Association of Banks in Jordan, the forum convened to underscore the importance of green and sustainable finance within the banking sector.
As part of its commitment to fostering environmental stewardship and sustainability in finance, Signature Bank was honored with the Golden Sponsorship Award during the forum. This accolade underscores the bank’s ongoing dedication to environmental innovation and its support for green financial solutions.
The GREEFIN 2024 forum provided a dynamic platform for experts and industry leaders to delve into the intricacies of green financing. Discussions spanned the transition towards sustainable banking practices, emerging market trends, and the growing global appetite for eco-conscious financial products. Emphasis was placed on the strategic tools and mechanisms necessary for developing green financial instruments, including bank loans aimed at fostering investment in green technologies.
Moreover, the forum facilitated in-depth conversations on the technical and risk assessment aspects of green financing. Participants explored how environmental considerations could be integrated into credit analysis models to bolster credit decisions, ensure the sustainability of financial portfolios, and mitigate the risks of green money laundering.
Signature Bank’s participation in the GREEFIN 2024 forum echoes its strong belief in the significance of addressing climate change, both locally and globally. The bank is keen on supporting initiatives aimed at mitigating the impact of climate change and adapting to its potential consequences on environmental systems and economic sectors. Discussions also touched on the financial sector’s vulnerability to climate-related risks and strategies for risk identification, evaluation, and management.
The forum witnessed the participation of Dr. Wissam Fattouh, Secretary General of the Union of Arab Banks (UAB), prominent banking leaders, and approximately 180 attendees from banking, economic sectors, government bodies, and international organizations. Aimed at fostering dialogue and collaboration, the forum sought to catalyze green financing initiatives across the Kingdom, aligning with broader goals of sustainable development and economic modernization.
By highlighting the imperative of transitioning towards sustainable and green financing, the GREEFIN 2024 forum has set a new benchmark for the banking sector’s role in promoting a sustainable future and confronting the urgent challenges imposed by climate change.