“ADX eyes growth, floats region’s first sustainability report” – Gulf Today – June 28, 2020

On June 28, 2020 Gulf Today reported that Abu Dhabi Securities Exchange (ADX), part of ADQ, announced “the launch of its first Sustainability Report, the first across the region to be presented in such a comprehensive format and is expected to be updated annually.

The report, ADX said, is aligned with its growth strategy, and aims to increase the adoption of sustainable financing in the Emirate and drive capital towards investments that have positive environmental, social and governance, ESG, impacts.

The report illustrates ADX’s commitment to help align the UAE’s financial system with global best practice and advance the implementation locally of the United Nations’ Sustainable Development Goals, SDGs.

Khalifa Salem Al Mansouri, Chief Executive of ADX, said, ‘Following our commitment announced at the Abu Dhabi Sustainable Finance Forum during the most recent Abu Dhabi Sustainability Week in January, we are proud that our first Sustainability Report advances the sustainability agenda we announced at the time.

This report places ESG at the heart of our Emirate’s financial system and reinforces the leadership position we are taking to drive sustainability in financial markets. We are determined to integrate sustainable practices into our business as ESG’s impact on access to capital, revenue growth, brand value and reputation is increasingly important around the world.’

The report comes a few months after ADX issued a set of ESG disclosure guidelines to encourage its listed companies to incorporate ESG considerations into their business activities, decision-making and reporting. To better address the interest of local and international investors in sustainable investing, the report aims to motivate listed companies to follow ADX’s lead by issuing their own sustainability reports.”

You may read the article on the Gulf Today internet site.