Since the 2023 issuance, Mudadala has allocated $750 million in green bond proceeds to renewable energy and green building projects. In July 2025, Mubadala, along with GIC, Partners Group, and TPG Rise Climate, announced a $7.9 billion acquisition of Techem, whose 62 million installed devices help over 13 million dwellings in 18 countries, cut energy consumption, and reduce CO₂ emissions from the real estate sector. Al Mubarak has been leading the company since its founding in 2002.