Regulatory Alerts2024-01-01
Discussion Paper No. 1 of 2024 - Enhancing the Sustainable Finance Regulatory Framework for ADGM
The Financial Services Regulatory Authority and Registration Authority of Abu Dhabi Global Market issued this discussion paper to solicit stakeholder feedback on proposed enhancements to the jurisdiction's sustainable finance regulatory framework. The proposals include new guidance to prevent greenwashing and ensure accurate ESG labelling for investment vehicles, alongside potential requirements for licensed entities to integrate climate-related risks into their governance and develop net zero transition plans. The consultation aims to establish clear regulatory expectations for ESG disclosures, taxonomies, and indices while exploring the formal adoption of existing principles into binding rules.
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