The partnership seeks to enhance market competitiveness and attract responsible investments to the emirate.
Abu Dhabi Securities Exchange (ADX), has signed a MoU with Sustainability Excellence to deploy Environment, Social and Governance (ESG)-related initiatives that will enable ADX to promote sustainability values and practises among its listed issuers and investors as well as internally.
In a statement, ADX stated that signing the MoU is part of the securities exchange’s strategy to foster a sustainable economy and trading environment and launch initiatives that stimulate the business community to embrace ESG development practises.
Rashed Al Blooshi, Chief Executive of ADX, said that the exchange will intensify its efforts in the next phase to promote responsible investment and encourage constructive dialogue between investors and listed companies.
The pact will set a framework for joint action and coordination, identify areas of collaboration and interaction with investors and contribute to the promotion of sustainability in various market events and publications.
“We are pleased to support the ADX's efforts in promoting ESG disclosure among the listed companies and promoting ESG in financial markets," added Darin Rovere, CEO of Sustainability Excellence.