The DFSA issues its first ESG fee waiver to Emirates NBD Bank PJSC

The DFSA issues its first ESG fee waiver to Emirates NBD Bank PJSC

Dubai, UAE: Emirates NBD Bank PJSC, one of the largest banking groups in the Middle East, has become the first financial institution to benefit from a fee waiver launched by the Dubai Financial Services Authority (DFSA). During COP28, in December 2023, DFSA Chief Executive, Ian Johnston; announced the decision to waive all regulatory fees for issuers wishing to list sustainability-related debt securities in the Dubai International Financial Centre (DIFC) throughout 2024. The fee waiver was adopted to support the efforts of market participants who wish to list sustainability-related debt securities in the DIFC, and ultimately to accelerate the growth of sustainable capital markets in the Centre. The latest issuance to Emirates NBD Bank PJSC, demonstrates how the DFSA’s innovation is having an impact on the financial landscape, fostering a positive shift towards sustainable practices. DFSA Chief Executive, Ian Johnston, expressed enthusiasm at the recent listings stating: “The DFSA recognises the pivotal role that financial institutions play in promoting sustainability and addressing environmental and social challenges. By participating in the fee waiver, institutions are taking a proactive step towards adopting more sustainable financial practices.” This strategic move not only encourages sustainable investments but also reflects a collective commitment to addressing global