Abu Dhabi: Abu Dhabi Securities Exchange (ADX), in collaboration with a global expert house, will hold two workshops on sustainability for its listed companies on Tuesday, 22 January and Wednesday, 23 January, under the title “Accelerating Sustainability in Listed Companies. Meeting Investor Needs on Environmental, social and governance (ESG) information ".
The aim of these workshops is to educate, guide and inform companies on the importance of sustainability and the benefits of their application implementation in companies. The workshops will be for personnel involved in monitoring the implementation of governance and sustainability in listed companies as well as the investor relations managers of these companies. The workshops will review practical cases of sustainability, strategic advantages to include sustainability practices in the core business processes of companies, as well as the growing demand from regional and international institutional investors for sustainability disclosure. The workshops will also highlight ESG criteria for companies listed on ADX and how investors can benefit from such information.
The workshops are part of a ADX strategy aimed at supporting the national economy, providing a sustainable trading environment, launching initiatives that encourage the business community to adopt sustainable environmental and social practices which in turn would raise governance standards by implementing sustainability standards and integrating them into both the Exchange’s strategy and that of its listed companies. Especially those related to environmental, social and governance applications, which should enhance the Exchange’s competitiveness and attract more responsible investments to the Emirate.
On this occasion, H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, said, "These workshops complement the Exchange’s efforts of organizing workshops on sustainability and governance. The latest of which was in December of last year which was aimed at encouraging listed companies to respond to investors' demands on environmental and social standards and corporate governance. This would incentivize companies to capitalize on investments worth about USD 80 trillion from funds who target companies that apply ESG standards and are looking for opportunities to invest in financial markets around the world. "
H.E. added that during the year 2019, ADX would develop optional guidelines for the preparation of ESG reports for its listed companies, as well as organize more awareness workshops and lectures on sustainability topics and principles.
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About ADX:
Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions.
ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).
In 2014, ADX was upgraded to ‘Emerging Market’ status by both MSCI and S&P Dow Jones. ADX was already classified as an Emerging Market by FTSE in 2009 and in 2011 by S&P and Russell Investments.
For more information, please contact:
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication & Digital Marketing
Marketing & Corporate Communication Department
Tel: 00971 (2) 6128774
Mobile: 00971 (50) 6689733
Email: ALKhateebA@adx.ae
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