Bahrain Bourse launches e-waste recycling initiative

Bahrain Clear to ensure their disposablity in an environmentally responsible manner

  

MANAMA: Bahrain Bourse (BHB) has embarked on an e-waste recycling initiative in collaboration with the Supreme Council for the Environment (SCE) and Crown Industries (a recycler of metals and plastics).

The initiative aims to raise awareness about electronic waste and promote proper recycling of end-of-life electronics used by BHB and Bahrain Clear to ensure their disposablity in an environmentally responsible manner.

BHB chief executive Shaikh Khalifa bin Ebrahim Al Khalifa said: “Within our efforts to promote sustainability, we embarked on this initiative to raise awareness on how to properly recycle electronic goods that will help in safeguarding the environment. We are also working on various aspects to promote ESG reporting and disclosure, as we look forward to lead by example following the issuance of BHB’s ESG guidelines last year.”

Supreme Council for Environment (SCE) chief executive and special envoy for climate affairs Dr Mohammed bin Daina said: “The council supports initiatives aimed at preserving the environment and promoting its sustainability in Bahrain, encouraging safe consumption practices. With this initiative, Bahrain Bourse has set an example to institutions and listed companies.”

The bourse has signed a memorandum of understanding (MoU) with the Supreme Council for the Environment to enhance cooperation in issues related to environmental conservation and protection.

Webinar

The MoU aims to encourage listed companies to comply with the environmental rules and requirements and to disclose information related to environmental compliance in its issued reports.

In a separate announcement, Bahrain Bourse said it organised a webinar on the launch of its Investor Relations Best Practices Guide.

The webinar brought together experienced investor relations and capital markets professionals including Andrew Tarbuck, chair of MEIRA; John Gollifer, general manager of the association; Nishit Lakhotia, head of research at SICO; and Eline Hilal, director of investor relations and insurance and corporate secretary at Alba.

The panel shared recent and relevant case studies about issuers that have implemented the practice, recent developments of investor relations in the region, and discussed the impact of the IR role on fair market valuation.

Additional topics include investor targeting and use of management time for virtual investor meetings to budgeting and analyst calls.

Marwa Al Maskati, director of marketing and business development at BHB and board member of Middle East Investor Relations Association (MEIRA), said the aim was to highlight the importance of the investor relations function and the effect of implementing best practices on the valuation and competitiveness of listed companies in the market.

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