Abu Dhabi: Abu Dhabi Securities Trade (ADX) on Sunday launched its first sustainability report, which goals to extend the adoption of sustainable financing within the emirate.
The report comes just a few months after ADX issued its set of ESG (environmental, social and governance) disclosure pointers to encourage its listed corporations to include ESG concerns into their enterprise actions, decision-making and reporting.
“This report locations ESG on the coronary heart of our emirate’s monetary system and reinforces the management place we’re taking to drive sustainability in monetary markets,” stated Khalifa Salem Al Mansouri, chief government of ADX.
“We’re decided to combine sustainable practices into our enterprise as ESG’s affect on entry to capital, income development, model worth and fame is more and more necessary all over the world,” he added.
The report additionally establishes a monetary framework to facilitate sustainable investments, with the framework consisting of 4 key areas – market schooling, know-how and schooling, responsive market and resilience infrastructure.
“At ADX, we anticipate additional development of sustainable investments throughout the area to fulfill evolving expectations of retail and institutional buyers alike,” Al Mansouri stated. “With the launch of our ESG report, we’re making a major contribution in the direction of realising our management’s imaginative and prescient in boosting the UAE’s monetary exchanges’ competitiveness, attracting extra sustainable investments to Abu Dhabi and serving to to diversify the financial system,” he added.
Al Mansouri additionally stated the report goals to encourage listed corporations to observe ADX’s lead by issuing their very own sustainability studies and boosting their very own good governance practices.
“ESG, company ethics, disclosure and transparency are important parts for right this moment’s buyers, and the implementation of finest apply in sustainable investing is of significance to spice up our change’s worldwide competitiveness,” he added.
ADX is among the signatories of the “Abu Dhabi Sustainable Finance Declaration”, and a member of the UAE Working Group on Sustainable Finance and the United Nations Partnership Programme’s Sustainable Inventory Trade (SSE) Initiative.