Global stocks take a breather as oil prices regain ground – Gulf Today

Global stocks take a breather as oil prices regain ground – Gulf Today

Dubai Financial Market, DFM, on Wednesday launched the UAE Index for Environment, Social and Governance, ESG, as the first index of its kind from the financial markets in the UAE and the region, aiming to measure listed companies embracing ESG best practices.. It will also promote the culture of governance and enhance the confidence of investors in the UAE capital market, especially after the adoption of a guide to the governance of public joint-stock companies early 2020, which regulates corporate governance and social and environmental responsibility requirements.. Commenting on the significant step, Essa Kazim, Chairman of the DFM, said, "The index provides a trusted and transparent tool that measures listed companies' commitment to ESG.. For his part, Dr. Obaid Al Zaabi, SCA's CEO, stressed that beside being an important measuring tool, the new index will help to raise awareness about the importance of putting into practice the governance principles outlined in the new guide to the governance of public joint-stock companies.. "We're excited to launch this new index in the UAE as more investors look to incorporate ESG best practices in their investment decisions..