In a press release published on Zawya on July 23, 2019 the Dubai Financial Market (DFM) announced it ”launched its Sustainability Strategic Plan 2025 aimed at underpinning its continuous efforts to promote Environmental, Social and Governance (ESG) best practices amongst listed companies and other stakeholders.
This Strategy aims to create long-term shared value for DFM stakeholders and ultimately lead to position the exchange as the region’s leading sustainable financial market by 2025. The four pillars of the DFM Sustainability Strategy are; Sustainability Reporting & Disclosures, Sustainable Investment Education, Green Products & Listings, and Gender Balance & Empowering People.
In order to streamline the implementation of the Sustainability Strategy, the DFM has formed a Sustainability Committee that will focus on creating awareness amongst local and regional investors and other stakeholders to further solidify Dubai’s position as a regional investment hub and contribute to Dubai’s and the UAE’s sustainable development agenda, in line with the global Sustainable Development Goals (SDGs). The Committee is going to play a crucial role in embedding DFM’s sustainability policy and practices across DFM business operations to ensure long-term corporate survival including material risk mapping, environmental and social development initiatives.
The Committee will also launch a series of initiatives to increase awareness on the importance of ESG investing and encourage listed companies to adopt ESG reporting practices, which reinforces their ability to attract investments, access finance and enter new markets through good governance practices.”
You may read the press release on the Zawya internet site.