The Dubai Sustainable Finance Working Group has published two comprehensive guides as part of Dubai’s efforts to accelerate its position and expansion of Environmental, Social and Governance (ESG) and sustainable finance in the UAE and wider region.
The Dubai Sustainable Finance Working Group was launched by the Dubai Financial Market (DFM) and the Dubai International Financial Centre (DIFC).
The guides inform issuers and investors about best practices in the rapidly expanding ESG sector and the commercial opportunities it offers.
The Sustainable Issuance Guide details the steps involved in issuing ESG bonds, Sukuk, equities and other financial products, as well as outlining the need for companies to develop a sustainability strategy.
It also highlights the increasing ESG opportunities for investors as companies and the financial markets pivot towards integrating sustainability into their mainstream activities.
Arif Amiri, CEO of DIFC Authority said,
“DIFC and its clients lead the way on sustainable finance in the region and ESG principles are considered in over 60 percent of their financing and business decisions.
Our enabling platform sees bankers, advisors and professional services firms collaborating on preparing regional and global deals, as well as issuances that have sustainable principles at their core.”
Hassan Al Serkal, CEO of DFM said:
“We are collaborating with leading institutions and Dubai’s broader finance sector to promote best practices of ESG and sustainability. The various initiatives of the Working Group as well as the individual measures from the founding members are aligned with Dubai’s sustainability drive.
We deeply believe that informative webinars and guides are pivotal to encourage issuers to embrace ESG and attract sustainable investments to Dubai.”