Dubai: The Ministry of Climate Change and the Environment (MOCCAE) and the Middle East and North Africa Fintech Association (MFTA) announced the launch of the Sustainable Fintech Pledge today, aimed at integrating sustainability principles into the operations of FinTech companies and contributing to a more resilient and prosperous future.
The Sustainable FinTech Pledge aligns with the response of the MENA FinTech Association to the climate crisis and is in line with the UAE Net Zero by 2050 strategic initiative.
The pledge was launched at the headquarters of the Ministry of Climate Change and the Environment in the presence of Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Namir Khan, Chairman of the MFTA, along with representatives from the Ministry and the Association.
The Sustainable FinTech Pledge is a tangible demonstration of the transformative power of technology in achieving sustainable development. It reflects our commitment to building a more sustainable and resilient future as we prepare to host COP28 and celebrate the Year of Sustainability.
Almheiri said,
For his part, Nameer Khan commented, We at MFTA are very proud to have created this movement. We will additionally offer the necessary assistance to ensure the success of our fintech members in delivering sustainable fintech solutions.”
The MENA Fintech Association is a non-profit association that fosters an open dialogue for the MENA Fintech community, shaping the future of financial services in the region. The Sustainable Fintech Pledge is an integral part of MFTA’s broader sustainability strategy, which includes an extensive sustainability programme, the Sustainable Fintech Alliance (SFA), and collaborations with institutions such as the London Institute of Banking and Finance and the Edinburgh Business School.