Circular No. 30: Establishment of the Sustainable Finance Working Group

Palestine Monetary Authority

Circular No. (30 / 2025) To all banks operating in Palestine Date: Thursday, April 17, 2025

Subject: Establishment of the Sustainable Finance Working Group

In line with the Authority's commitment to supporting sustainable finance trends and enhancing sustainability in the financial sector by integrating sustainable finance principles and Environmental, Social, and Governance (ESG) standards into investment and financing strategies and decisions, and following the issuance of the Authority's Sustainable Finance Roadmap, we look forward to establishing the "Sustainable Finance Working Group" to provide a consultative and coordinating platform for stakeholders in the financial sector in this field.

The Working Group will undertake multiple tasks, most notably achieving integration among efforts and harmonizing concepts related to sustainable finance, finding a common and unified framework for practices and standards in this field, and reviewing and submitting proposals and recommendations regarding frameworks and guidelines to be issued in the field of sustainable finance, such as sustainable finance principles, principles for effective management of climate-related risks, guidelines for the development and design of sustainable financial products and services, and others.

Accordingly, we request that you appoint one member with expertise and specialization, and provide us with their contact information by April 24, 2025, via the following email address: GF-CCR@pma.ps.

Supervisory Group Palestine Monetary Authority

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