Dubai - Mubasher: The Dubai Financial Market (DFM) on Tuesday launched its Sustainability Strategic Plan 2025, which is aimed at boosting the market’s efforts to promote Environmental, Social, and Governance (ESG) best practices among listed companies and other stakeholders.
The new plan is intended at the creation of long-term shared value for DFM stakeholders, positioning the exchange as the region’s leading sustainable financial market by 2025, according to a statement.
“Since 2016, the DFM has been actively promoting best practices of sustainability amongst market participants and we are looking to become the region’s leading sustainable financial market by 2025 through the creation of long-term shared value for our various stakeholders,” DFM’s chairman Essa Kazim said.
The Dubai-based exchange formed a sustainability committee, which will focus on creating awareness among local and regional investors and other stakeholders to solidify Dubai's position as a regional investment hub.
“We are actively promoting sustainability amongst our issuers, encouraging them to expand in ESG reporting considering its growing significance amongst factors affecting investment decisions as well as educating investors on the principles of responsible investment,” Kazim commented.
DFM Sustainability Strategy is based on four pillars, including Sustainability reporting & disclosures, sustainable investment education, green products & listings, and gender balance & empowering people.
