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The Securities & Commodities Authority Master Plan for Sustainable Capital Markets

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Summary

The plan aims to 1. Provide channels for funding of sustainable projects including those that support the environment, society, and the economy; and reallocate available capital to more sustainable projects. 2. Encourage corporates and their management to shift towards more effective sustainable practices. 3. Provide investment opportunities and information to investors to invest in such projects and allow them to make better decisions in this regard. 4. Create awareness with all market stakeholders on the importance of sustainability and their respective role in supporting it through their actions. It is comprised of 7 key pillars 1) Taxonomy, classification, and standard-setting. 2) Legal and regulatory framework. 3) Market platform and investment instruments. 4) Corporate Governance and stewardship. 5) Transparency and disclosure. 6) Awareness and education. 7) Awards and incentives.

Reporting Exchange
Issuer

United Arab Emirates

Year

2019

Region

Middle East

Issuer (type)

Securities and Commodities Authority Regulations (Financial Regulator)

Instrument type

Plan

Disclosure instrument

No

Geographical scope

National

Mandatory or voluntary

Voluntary

Text analysis

    • Moderate 0.85%
    • Low 0.00%
    • E focus: climate change, sustainable finance, environment
    • S focus: financial inclusion, systemic risk, value creation, diversity
    • G focus: risk management, accountability
    • Education, Finance, Information, Management, Public administration, Retail trade