Media ININ Economy We Trust
Media IN Dubai 10th-07-2019:
The Dubai Financial Market (DFM) and the Dubai International Financial Centre (DIFC) on Wednesday launched the “Dubai Sustainable Finance Working Group” in line with the UAE Sustainable Development Goals 2030 and Dubai’s Strategic Plan 2021.
The new group was inaugurated by governor of the DIFC and chairman of the DFM Essa Kazim, according to a press release.
The group has been founded by other 10 members along with the DFM and the DIFC, namely Nasdaq Dubai, Hawkamah Institute of Corporate Governance, DEWA, the Dubai Islamic Economy Development Centre, Aramex, DP World, HSBC, Emirates NBD, Dubai Islamic Bank, and Société Générale.
Essa Kazim commented: “As we share the common goal of building a strong and sustainable financial services sector in Dubai, the Group brings together representatives of leading banks, financial institutions, as well as public and private companies in Dubai in order to orchestrate efforts to embed ESG into the financial services sector and transform Dubai into the most sustainable financial hub in the region.”
The first meeting of the group has been held at the DFM premises to discuss plans of combining Dubai’s finance sector’s initiatives to form a sustainable financial hub in the region.
These initiatives will mainly focus on the areas of environment, social and governance (ESG) integration, and green financial instruments, as well as promote responsible investing.
The multi-stakeholder group’s workplan spotlights four key pillars including; responsible business operations, responsible investing, growing sustainable finance, and diversity and inclusion.
