Sustainability
ADNOC secures $2bn green financing deal backed by Korea
ADNOC is investing $23 billion to decarbonize its operations and accelerate growth in new energy sectors, including hydrogen, geothermal and renewables
-
By ICN Bureau | December 22, 2025
Oil and gas giant ADNOC has signed a $2 billion green financing agreement backed by the Korea Trade Insurance Corporation (K-SURE), strengthening its push to fund lower-carbon projects and embed sustainable finance into its long-term growth strategy.
The deal was announced during a recent visit to South Korea by Sultan Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, who met with K-SURE President and Chairman Youngjin Jang.
Structured under ADNOC’s Sustainable Finance Framework, the K-SURE-backed facility will finance projects that meet international sustainable finance standards. Sustainable Fitch provided an independent Second Party Opinion, confirming the framework’s alignment with global sustainable finance principles.
Khaled Al Zaabi, ADNOC Group Chief Financial Officer, said: “This facility reflects ADNOC’s commitment to financing the transformation of energy systems while maintaining strong capital discipline. Through our partnership with K-SURE, we are expanding access to green finance, deepening our economic ties with South Korea and strengthening ADNOC’s position as a leader in lower carbon energy.”
The agreement marks ADNOC’s first green financing facility backed by a Korean export credit agency, following a $3 billion transaction with the Japan Bank for International Cooperation in 2024. Combined, the two deals lift ADNOC’s green funding to $5 billion in just 18 months, underscoring its growing track record in sustainable finance.
ADNOC is targeting a 25% reduction in operational carbon emissions intensity by 2030. The company is investing $23 billion to decarbonize its operations and accelerate growth in new energy sectors, including hydrogen, geothermal and renewables.
First Abu Dhabi Bank is acting as Green Loan Coordinator, with Santander serving as Export Credit Agency coordinator for the agreement.
