Mashreq Partners with UAE Fintech Fils to Launch Carbon Offsetting for Corporate Clients

Mashreq Bank has partnered with UAE-based sustainability fintech Fils to integrate carbon offsetting capabilities into its corporate banking services, marking one of the first bank-fintech green finance collaborations in the Emirates.

Under the partnership, Mashreq's corporate clients will be able to automatically offset the carbon footprint of their payment transactions in real time. The Fils platform calculates the environmental impact of each transaction and channels funds toward verified carbon offset projects, allowing businesses to embed sustainability into their day-to-day financial operations.

The integration targets corporate treasurers and procurement teams looking to align spending activity with environmental commitments. Rather than requiring companies to retrospectively calculate and offset their carbon footprint, the system operates at the transaction level, providing granular tracking and offsetting as payments are processed.

Fils, founded in the UAE, has built its platform around the concept of embedded sustainability in financial services. The startup's technology sits as a layer on top of existing payment infrastructure, making it compatible with a range of banking and payment systems without requiring significant technical integration work.

For Mashreq, the partnership advances its stated sustainability agenda and differentiates its corporate banking proposition in a market where environmental, social, and governance credentials are becoming increasingly important to large corporate clients. The UAE's push toward net-zero targets by 2050 has created growing demand for financial products that help businesses track and reduce their environmental impact.