Amman – The Association of Banks in Jordan (ABJ) has signed a Memorandum of Understanding (MoU) with the Dutch company Peterson Solutions, with the aim of enhancing cooperation in the field of sustainable finance and supporting banks in Joran in adopting international best practices in this area.

Peterson Solutions is a subsidiary of the Royal Peterson Control Union group—an international company operating for more than 100 years. The group brings deep global expertise in supply chain assurance, implementation of sustainability programs, and measurement of environmental footprints. It supports clients in valuing natural capital, designing green products and services, and co-creating sustainability strategies with the capacity for global implementation.

ABJ emphasized that this step comes within its role as an umbrella for the Jordanian banking sector, and as part of its commitment to strengthening banks’ efficiency and their ability to cope with global changes, by integrating sustainability standards and environmental and social governance (ESG) into banking operations.

Under the agreement, Peterson will provide specialized consultancy solutions and technical support in the areas of sustainable strategy, capacity building, and raising awareness on sustainable finance instruments such as Sustainability-Linked Loans (SLLs) and Green Bonds, thereby contributing to the development of new financial products aligned with international standards.

The Director General of ABJ, Dr. Maher Al-Mahrouq, stated: “The signing of this MoU reflects the ABJ’s commitment to advancing sustainability in the Jordanian banking sector and to providing platforms for collaboration with leading international institutions. This will contribute to building a more resilient and efficient banking sector and reinforce its role in achieving sustainable development, particularly in light of the intensive efforts undertaken by the Association in this field.”

For his part, Mr. Tomas Fiege Vos de Wael, Group Head of Sustainability at Peterson Solutions, expressed his pride in the partnership with the Association of Banks, stressing that the joint cooperation will help introduce practical expertise and innovative tools that support banks in Jordan to adapt to global sustainability requirements and strengthen their competitiveness.

The MoU provides for organizing training programs, capacity-building initiatives, and support for scientific research and consulting, in line with the needs of the Jordanian banking sector in the coming phase, in addition to holding regular meetings to assess progress and explore avenues for further cooperation.