FAB facilitated over $21.2 billion in sustainable and transition projects during the first half of 2024. As of June 2024, FAB had invested a total of $56 billion in these projects, which equates to 41% of its $136 billion commitment to sustainable projects by 2030. In July 2024, it issued a five-year green Formosa bond for $800 million. It also developed emission-reduction net-zero targets for eight high-emitting sectors within its loan portfolio and ceased new financing approvals for thermal coal-fired mining and coal-based power generation. In July 2023, FAB issued the U.A.E.’s first-ever AED-denominated Green Sukuk for $354 million.