|16 January, 2019

ADGM Sustainable Finance Agenda unveiled at the Abu Dhabi Sustainable Finance Forum

ADGM is committed to driving sustainable financing and investments to augment the UAE's commitment to the long-term growth

Abu Dhabi, UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to unveil its Sustainable Finance Agenda at the inaugural Abu Dhabi Sustainable Finance Forum (ADSFF), held during the Abu Dhabi Sustainability Week. In addition, 25 key public and private entities and institutions committed themselves to the Abu Dhabi Sustainable Finance Declaration to jointly advocate sustainable finance and investments and to foster positive, economic, social and environmental impacts for the long-term well-being of the United Arab Emirates’ economy. This Declaration was announced in the presence of His Highness Sheikh Hamed bin Zayed Al Nahyan, Chairman of Crown Prince Court and several UAE Ministers and senior government leaders, as well as representatives of financial institutions and international organisations.

The ADGM Sustainable Finance Agenda comprises four distinctive pillars:-
(i)      Integrate Sustainability into the Regulatory Framework: To become a hub for sustainable finance activities, ADGM will integrate sustainability considerations into its regulatory framework, building on existing UAE initiatives and global best practices. ADGM will alsospearhead the adoption of  harmonised taxonomies and certification measures for  the classification  of a broad range of sustainable finance products, applicable across the UAE;  

(ii)    Build Cooperation with National and International Stakeholders: ADGM aims to foster more regular dialogues and closer cooperation with local and global government bodies, institutions and industry participants to promote green and sustainable investments in the UAE and regionally;

(iii)   Cultivate Communications, Knowledge and Awareness: ADGM is committed to increase the level of knowledge, awareness and acceptance of sustainable finance across the UAE and regionally by hosting events and support training trough the ADGM Academy.

(iv)   Develop and Establish a Sustainable Finance Ecosystem in ADGM:  ADGM seeks to develop a robust sustainable finance ecosystem that is home to diverse pool of institutions and provides a comprehensive range of innovative product offerings and services that support capital formation and deployment of financing and investments.

H.E Ahmed Ali Al Sayegh, commented:  "We would like to thank our leadership, the Ministries, our fellow regulators, local and global industry partners for sharing valuable insights and feedback in our efforts on advocating sustainable finance.  We are honoured by the presence of His Highness Sheikh Hamed bin Zayed Al Nahyan at ADSFF.

As a leading international financial centre, ADGM is committed to driving sustainable financing and investments to augment the UAE’s commitment to the long-term growth and development of the country’s economy and the well-being of the society.    ADGM’s mandate and its Sustainable Finance Agenda are aligned closely with existing UAE initiatives such as the UAE Vision 2021 and the Green Agenda 2015-2030.

The Abu Dhabi Sustainable Finance Declaration is part of ADGM’s ongoing efforts to foster synergies, facilitate national and international cooperation and collaboration and sharing of best practices..”

The invitation-only Forum hosted more than 250 global industry leaders, regulators, financial institutions, Environmental, Social and Governance (ESG) project stakeholders, academics and key influencers to discuss the four key pillars and other relevant topics on sustainable finance.


Tracy Trenary
Senior Account Executive
T:  +971 4 553 9543

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases