BHB and Central Bank of Bahrain highlight sustainability efforts

BHB and Central Bank of Bahrain highlight sustainability efforts

Steps taken by the Central Bank of Bahrain (CBB) for the introduction of a standardised regulatory framework for environmental, social, and corporate governance (ESG) reporting have been underlined during the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai.

This came about during the Bahrain Bourse’s (BHB) participation in the ongoing event alongside the Central Bank of Bahrain (CBB).

At COP28, the exchange joined the regulator in participating in the panel discussion titled ‘Navigating the ESG Landscape: Insights from Bahrain Bourse and the Central Bank of Bahrain’ which took place at Bahrain Pavilion.

The panel included BHB chief executive Shaikh Khalifa bin Ebrahim Al Khalifa and CBB executive director of financial institutions supervision Abeer Al Saad and was moderated by KPMG Bahrain head of markets Kalyan Subramanian.

During the panel discussion, the panellists highlighted the rising awareness of ESG issues in the region and the importance of ESG reporting to sustainable growth.

The panelists also emphasised the role of regulatory authorities and exchanges in enhancing the implementation of ESG reporting requirements and ensuring sustainable and transparent capital markets.

This has resulted in the recent introduction of regulatory framework for ESG reporting by the CBB that is applicable on all