The Dubai Sustainable Finance Working Group (DSFWG) has introduced a self-assessment tool for companies to measure the maturity of their Environmental, Social and Governance (ESG) policies and practices.

The tool was developed in-line with the United Nations’ Sustainable Development Goals and Global Reporting Initiative standards, with experts from entities such as Aramex, ENOC, and Dubai Islamic Bank.

The assessment will benchmark companies against five levels of maturity and help them have conversations around how to increase their ESG maturity.

The DSFWG was established in 2019 by the Dubai International Financial Centre (DIFC) and Dubai Financial Market (DFM), and includes a consortium of 25 private sector members.

Christian Kunz, DSFWG Chair and SVP of Strategy at DIFC, said:

“Our new, easy to use tool for measuring ESG maturity will help companies accelerate their sustainability journey creating impact for their investors, customers, employees and the environment, and aligns perfectly with DIFC’s commitment to driving the future of finance in the region.”