Dubai Financial Market on Tuesday (Nov 26) launched its guide on Environmental, Social and Governance (ESG) reporting.
The stock exchange said in a statement that the guide was developed in response to growing demand from investors for comprehensive ESG reporting as they increasingly factor such data in their decision-making process.
The guide includes 32 ESG reporting metrics for listed companies on the DFM.
Implementation of ESG reporting is currently voluntary but the DFM “strongly” encourages listed companies to “further commit to ESG reporting and refer to the guide as a starting point in their sustainability reporting journey.”
The guide was developed in cooperation with Sustainability Excellence, a Middle East-focused sustainability advisory and research firm.
The DFM is a partner exchange member of the Sustainable Stock Exchanges (SSE) initiative, a peer-to-peer learning platform co-convened by United Nations agencies including UNCTAD, the UN Global Compact and the Principles for Responsible Investment (PRI).
© SalaamGateway.com 2019 All Rights Reserved