ASE launches corporate climate change disclosure initiative

ASE launches corporate climate change disclosure initiative

The Amman Stock Exchange (ASE) signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, where the agreement was signed by the Chairman of the Board of Directors of the ASE, Dr. Kamal Al Qudah, and on behalf of IFC Ms. Mary Porter Peschka, Director of the Environment, Social & Governance (ESG) department at IFC, by which the IFC will provide technical support and training to the employees of the Exchange and its listed companies to enhance their knowledge and awareness with regard to issues and subjects related to the disclosure and reporting on actions undertaken by companies to address the challenge of climate change, in addition to supporting the development and launching of a climate disclosure guidance to serve as a manual for implementation by listed companies.

The ASE will be the first exchange in the Middle East to launch such a guide, which will explain the procedures and reports needed to disclose climate change by listed companies.

The CEO of the ASE Mr. Mazen Wathaifi said that the signing of the agreement is a continuation of the Exchange's approach in its ongoing endeavor to enhance the competitiveness of the national capital market and its