ADGM to reinforce its position as a leading sustainable financial hub – Gulf Today

ADGM to reinforce its position as a leading sustainable financial hub – Gulf Today

The new measures will accelerate the growth of a sustainable finance ecosystem.

Abu Dhabi Global Market (ADGM) on Tuesday announced the implementation of its sustainable finance regulatory framework with immediate effect, following significant support received through public consultation, reinforcing its position as a leading sustainable financial hub and a natural hub for sustainable finance activities.

The framework encompasses rules on sustainability-orientated investment funds, managed portfolios and bonds as well as requirements for environmental, social and governance (ESG) disclosures by ADGM companies. The measures will accelerate the growth of a sustainable finance ecosystem in the jurisdiction and support the UAE’s transition to net zero greenhouse gas emissions.

The framework for green and climate transition funds and portfolios, green and sustainability-linked bonds and sukuks is a significant step in enabling capital to be channelled towards financing the transition to net zero.

In order to recognise products and services that are aiding