Regulatory Alerts2023-06-23
Guidance on Environmental Social and Governance Disclosures
The Registration Authority of the Abu Dhabi Global Market issued this guidance to outline ESG disclosure obligations for ADGM limited companies under the Companies Regulations 2020. In-scope entities must comply if they exceed a US$68 million turnover threshold or, for asset managers, a US$6 billion Assets Under Management threshold, with compliance required in the third year following incorporation. The framework employs a flexible 'comply or explain' approach, allowing companies to select from globally recognized standards such as GRI or TCFD while encouraging public transparency to support the UAE's net zero by 2050 initiative.
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