Wed 16-01-2019 15:15 PM
ABU DHABI, 16th January, 2019 (WAM) -- Abu Dhabi Securities Exchange, ADX, today announced that it is now a Partner Exchange of the United Nations Sustainable Stock Exchanges, SSE, Initiative, to promote sustainability and transparency in capital markets.
The initiative is a peer-to-peer learning platform that enables exchanges, in collaboration with investors, regulators and companies, to enhance corporate transparency, environmental, social and corporate governance processes, as well as encourage sustainable investment.
The move is in line with ADX’s strategy to create a sustainable trading environment and launch initiatives that encourage the business community to embrace sustainable development practices. It also reaffirms the exchange’s commitment to spur long-term sustainable investment, as well as improved environmental, social and corporate governance disclosure, while enhancing performance amongst listed companies.
This will ultimately enhance competitiveness in the market and attract responsible investments to the Emirate of Abu Dhabi.
Commenting on the development, Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, said, "To help solve global sustainable development challenges the UN is increasingly looking to the private sector, and stock exchanges are well positioned to play a crucial role in facilitating more sustainable markets. This is the reason we are delighted to join the SSE Initiative to work alongside several leading exchanges to encourage long-term thinking, as well as integrate sustainable development into investment and financial products."
"Sustainability is no longer merely a government responsibility – it requires a concerted effort from all stakeholders to achieve sustainable development and economic growth," he added.
WAM/Rola Alghoul/Rasha Abubaker