Catalysing Capital for Real-World Decarbonisation, At Scale
Published: Nov 2023
While progress has been made in pricing carbon emissions, there is still a long way to go in addressing climate-related challenges. As exchanges, we have a collective responsibility to contribute towards a low-carbon future. By harnessing the power of capital markets, we can contribute to solving the largest market failure and drive real-world decarbonisation.
The ESG Annex shall also be applied on a “comply or explain” basis. In addition to gradually engaging issuers in the D&I agenda, this model also preserves transparency and allows access to information on corporate governance so that investors and other stakeholders may engage in dialogue with the issuer’s senior management on ESG matters, and take the information provided into account for their investment decision-making.
EGX is leading by example by being a sustainable institution that issues its annual sustainability report, and for the first time this year, EGX started calculating its carbon footprint and developing a five-year action plan to reduce its GHG emissions.
KASE is fully prepared and will continue comprehensive efforts to promote sustainable development principles, including improving the infrastructure for issuing ESG bonds, introducing new ESG financial products, developing disclosure standards for sustainable development, and conducting extensive educational work.
Rasha Dayyat, Director of the Planning and Institutional Development Department at the Amman Stock Exchange, presents its new climate change disclosure initiative.
CEO Juan Pablo Cordoba says the new Nuam Exchange recognises the importance of a more sustainable world and will seize the opportunity to positively impact the environment.
Randall Hopkins and Erika Spence, the heads of ESG Solutions and ESG Data, talk about how Nasdaq is helping corporates and investors to navigate the evolving ESG landscape.