Emirates NBD makes strategic funding in Turkish sustainability start-up Erguvan

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Erguvan was established in 2022 with the target of driving progress within the subject of local weather change. Along with Erguvan Market, Turkey’s first and solely environmental commodities market, the corporate additionally gives modular carbon footprint administration options beneath the Erguvan Local weather Motion Platform, which integrates via an API-based resolution.

Neeraj Makin, Group Head of Technique, Analytics & Enterprise Capital, Emirates NBD, mentioned, “Sustainability is more and more changing into a core a part of our technique, and we’re delighted to announce our funding in Erguvan, a local weather fintech enterprise, which is Türkiye’s first digital carbon credit score buying and selling platform. As one in all UAE’s main monetary establishments, we wish to set a worldwide benchmark for technology-driven ESG options, and such investments via our Innovation Fund deliver us one step nearer to reaching our aspirations.”

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