Leading financial authorities in the UAE have published the UAE’s first set of Guiding Principles on Sustainable Finance, which serves as a catalyst in the implementation of the UAE’s financial sustainability priorities. The launch of the initiative was unveiled during the second edition of the Abu Dhabi Sustainable Finance Forum (ADSFF), a prominent event organized by Abu Dhabi Global Market (ADGM) and held during Abu Dhabi Sustainability Week.

Premised on the United Nations Agenda for Sustainable Development, the initiative was implemented as a result of collaborative efforts among a number of financial services authorities in the UAE, including: Abu Dhabi Global Market;  the Ministry of Climate Change and Environment; the Central Bank of the UAE; the Insurance Authority of the UAE; the Securities and Commodities Authority; the Dubai Financial Services Authority; the Dubai Islamic Economy Development Centre; the Abu Dhabi Securities Exchange, the Dubai Financial Market and Nasdaq Dubai.

The ceremony was attended by H.E. Saif Hadef Al Shamsi, Deputy Governor of Central Bank of UAE. H.E. Saif Hadef Al Shamsi, Deputy Governor of Central Bank of UAE said: “We are pleased to support and participate in the area of Sustainable Finance and work with prominent members of the Working Group on Sustainable Finance to enhance the UAE’s sustainability footprint. We at Central Bank of UAE continue to build our efforts to advocate sustainable finance for the long-term growth of the UAE economy.”

© Press Release 2020

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