Regulatory Alerts2021-01-01
General Authority for Financial Supervision Board Resolution No. (107) of 2021
The General Authority for Financial Supervision issued Board Resolution No. 107 of 2021 to mandate ESG and climate-related financial disclosure guidelines for all non-banking financial companies. The resolution establishes standardized performance indicators across environmental, social, governance, and climate risk categories, requiring companies to report on governance structures, strategic alignment, risk management processes, metrics, and targets. Recent amendments through December 2022 refined these requirements to ensure consistent transparency regarding sustainability practices and their financial impacts.
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