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26 Sep 2023, 09:37 am

Members of the UAE Sustainable Finance Working Group launch consultation on ‘Principles for Sustainability-Related Disclosures for Reporting Entities’

The members of the UAE Sustainable Finance Working Group (SFWG) including the Central Bank of the UAE (CBUAE), the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC), and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) (the Regulators) have launched a consultation on proposed Principles for Sustainability-Related Disclosures for Reporting Entities (the Disclosure Principles).

Launched today, the consultation sets out four Principles that the signatories will treat as minimum guidance for their respective disclosure frameworks in relation to sustainability-related matters.

The objective of the Disclosure Principles is to promote transparency in sustainability-related matters to allow investors and other stakeholders to make more informed decisions and evaluate investment risks and opportunities of entities and products.

In drawing up the Disclosure Principles, the Regulators have considered both international standards and industry best practices.

We welcome stakeholder comments on the Disclosure Principles, which the SFWG aims to issue in November 2023, subject to the outcome of the public consultation.

To view and download the Disclosure Principles, please click here.

Comments can be provided by clicking on this link no later than 20 October 2023.


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