183-12 The Securities & Commodities Authority Master Plan for Sustainable Capital Markets

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.

Thumbnail image for 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.

Issuer

United Arab Emirates

Year

2019

Region

Middle East

Issuer (type)

Securities and Commodities Authority Regulations (Financial Regulator)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Voluntary

Global Reporting Initiative (GRI)

Voluntary Use

Main industries targeted

Finance & Insurance
Public administration
Retail trade
Education

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 2: Zero Hunger
SDG 4: Quality Education
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 15: Life on Land
SDG 16: Peace, Justice, and Strong Institutions