“DFM and DIFC Launch ‘Dubai Sustainable Finance Working Group’” – Mondovisione – July 10, 2019

In a press release published on July 10, 2019 Mondovisione reported that “in line with the UAE Sustainable Development Goals 2030 and Dubai’s Strategic Plan 2021, the Dubai Financial Market (DFM) and the Dubai International Financial Centre (DIFC) launched on Wednesday the Dubai Sustainable Finance Working Group.

Besides DFM and DIFC, the other 10 founding members of the group are Nasdaq Dubai, Hawkamah Institute of Corporate Governance, Dubai Electricity and Water Authority, Dubai Islamic Development Centre, Aramex, DP World, HSBC, Emirates NBD, Dubai Islamic Bank and Societe Generale.

The multi-stakeholder Group held its first meeting at the DFM premises to discuss the action plan that will focus on combining Dubai’s finance sector’s initiatives to create a sustainable financial hub in the region, particularly in the areas of Environment, Social and Governance (ESG) integration, cultivating sustainable companies and green financial instruments, and encouraging responsible investing.

The Dubai Sustainable Finance Working Group will convene periodically to address key developments and discuss potential initiatives to promote best practices of Environment, Social and Governance (ESG) in the financial sector. The Group’s workplan will focus on four key pillars including; responsible business operations, responsible investing, growing sustainable finance and diversity and inclusion.”

You may read the press release on the Mondovisione internet site.