Climate Risk Disclosure and Reporting Regulations No. (1) of 2026

Climate Risk Disclosure and Reporting Regulations No. (1) of 2026, dated 11 January, 2026 These regulations have been issued with the aim of establishing guidelines for the effective disclosure and reporting of climate related risks by banks operating in Jordan. These guidelines are based on International Financial Reporting Standard (IFRS S2) issued by the International Sustainability Standards Board (ISSB) on climate-related disclosures, and the Basel Committee on Banking Supervision (BCBS) framework for the disclosure of climate￾related financial risks. Climate change may pose risks and present opportunities that could have a material impact on a bank’s operations, financial performance and long-term viability. The Central Bank of Jordan’s assessment of banks’ exposure to climate-related financial risks has shown that the most significant potential risks are chronic physical risks arising from water scarcity and rising temperatures, followed by acute physical risks arising from floods and earthquakes, as well as transition risks related to the shift towards a low-carbon economy and its impact on high-carbon economic sectors. Providing clear, comprehensive and useful information for decision-making on the impact of climate change enables investors, customers and regulators to better assess how climate￾related risks affect banks, and effective reporting of climate risks to regulators is essential for effective regulatory oversight and risk assessment, and enables the central bank to assess banks’ ability to cope with climate risks, monitor emerging vulnerabilities, and make informed decisions to safeguard the stability of the banking sector. Governor Dr. Adel Al-Sharkas.

Article (1) Attribution These regulations shall be cited as the ‘Climate related Risk Disclosure and Reporting Regulations’, and are issued pursuant to the provisions of Article (65/b) of the Central Bank of Jordan Law No. (23) of 1971 and its amendments, and Article (99/b) of the Banking Law No. (28) of 2000 and its amendments. They shall come into force on a voluntary basis for disclosure requirements from the year-end 2026 financial statements and on a mandatory basis from the year-end 2027 financial statements, subject to the climate-related disclosure requirements issued by the Amman Stock Exchange for banks subject to such requirements. As for reporting requirements, these shall come into force on a mandatory basis from the year-end 2026 financial statements and on an annual basis, With the exception of Form No. (3) of Annex No. (2) related to green finance and compliant with the Jordanian National Green Taxonomy, reporting must commence from the end of June 2026 on a half-yearly basis. Article (2): Definitions Climate-related financial risks: As defined in the Climate Risk Management Regulations No. (2) of 2025, dated 18 February 2025. Transition risks: As defined in Climate Risk Management Regulations No. (2) of 2025 dated 18 February 2025. Physical risks: As defined in Climate Risk Management Regulations No. (2) of 2025 dated 18 February 2025. The Board: As defined in Instructions of Corporate Governance No. (2/2023) dated 14 February 2023. Senior Executive Management: As defined in Instructions of Corporate Governance No. (2/2023) dated 14 February 2023. Scenario analysis: The process of identifying and assessing the impact of a range of possible future events under conditions of uncertainty. Scope 1 greenhouse gas emissions (direct emissions): Greenhouse gas emissions resulting from the direct combustion of fuel for any asset owned by the bank, provided that they correspond to the fuel expense item in the income statement. Scope 2 greenhouse gas emissions (indirect energy emissions): Indirect emissions resulting from the generation of purchased electricity or heating or cooling (where electric) consumed by the bank. Scope 3 greenhouse gas emissions (other indirect emissions): These comprise all other indirect emissions not included in Scope 2 that occur within the Bank’s value chain, including, but not

limited to, carbon emissions resulting from purchased goods or services not included in Scope 2, or carbon emissions resulting from the travel of Bank employees1 . Financed Emissions: These emissions are associated with the bank’s lending and investment activities. These emissions are classified as Scope 3 emissions, representing indirect emissions from companies and assets in which the bank has invested or to which it has lent funds. These emissions are calculated as the bank’s share of the financed company’s emissions responsibility, based on its share of the company’s value. Article (3): Scope of Application a. These regulations apply to all banks operating in Jordan, in a manner commensurate with the size of the bank, the nature and level of complexity of its operations, and its risk profile, As for branches of foreign banks operating in the Kingdom, they may disclose climate related risks in accordance with the climate related risk disclosure requirements and templates in force at the parent bank, if any; in the absence thereof, such branches shall comply with the disclosure requirements set out in these regulations. b. Climate related risk disclosures for Jordanian banks shall be published in their annual reports, whilst climate risk disclosures for branches of foreign banks operating in the Kingdom shall be published on the websites of those branches. First: Disclosure Requirements Article (4): climate-related financial disclosure requirements for banks a) A bank must prepare and disclose climate-related financial information in accordance with the provisions set out in Annex No. (1). b) Banks listed on the Amman Stock Exchange within the ASE20 index that comply with the climate-related disclosure requirements issued by the Amman Stock Exchange are deemed to be implicitly compliant with the disclosure requirements set out in these instructions, As for the additional disclosures highlighted in red in Annex 1, which are not included in the disclosure requirements issued by the Amman Stock Exchange, these shall be applied on a voluntary basis from the end-of-year data for 2026 and on a mandatory basis from the end-of-year data for 2027.

1 Please refer to page 93 of the Greenhouse Gas Protocol (Revised Edition) published by the World Business Council for Sustainable Development (WBCSD) and the World Resources Institute (WRI) for information on the sources of Scope 3 emissions relevant to the Bank’s business model.

c) For banks not classified as Domestically Systemically Important Banks (D-SIBs) and not listed on the Amman Stock Exchange within the ASE20 index, the requirements relating to scenario analysis and the disclosure of Scope 3 greenhouse gas emissions — including financed emissions — shall apply on a voluntary basis, whilst other disclosure requirements apply to them on a mandatory basis. d) e) For banks required to disclose financed emissions in accordance with Scope 3, the principles of information availability and gradual implementation shall be observed; initially disclosures may be limited to the banks’ clients comprising public joint-stock companies, insurance companies and large corporate, with coverage eventually extended to the entire portfolio depending on the availability of information. Article (5): Level of Application of Disclosure Requirements The bank shall prepare its climate-related disclosures based on the same levels of disclosure and using the same consolidation boundaries as those applied in its annual financial reports. Article (6): Periodicity of Disclosure The bank shall prepare and publish its climate-related disclosures annually; these shall cover the same period as its annual financial reports and follow the same reporting schedule as that applied to the preparation of its annual financial reports. Article (7): Format of the Disclosure The Bank may use the format set out in Annex 1 to these Instructions or any other format, provided that such format complies with the requirements set out in Annex 1. Article (8): Materiality and Fair Presentation a. The bank shall present all material climate-related risks and opportunities that are reasonably expected to affect its future prospects in a fair manner. b. The information is considered material if its omission, misstatement or concealment could reasonably be expected to influence the decisions of users of annual financial reports, which include financial statements and climate-related financial disclosures. c. To ensure a fair and accurate representation, the bank is committed to provide a complete, impartial and accurate description of those climate-related risks and opportunities.

Article (9): Interconnected Information The bank must present information in a way that enables users of the annual financial reports to understand the interrelationships between the various material climate-related risks and opportunities and the annual financial statements. Article (10): Transitional Exemptions Related to Disclosure Requirements When preparing the first annual financial report in which the bank applies the International Financial Reporting Standard IFRS S2, the bank is not required to provide comparative climate￾related information for the previous period. Second: Reporting Requirements Article (11): Banks' Requirements for Collecting and Reporting Climate-Related Financial Information a. All banks operating in Jordan shall collect information related to sectoral exposure to climate transition risks, geographical exposure to physical risks, and green financing compliant with the Jordan National Green Taxonomy, and submit it to the Central Bank of Jordan, according to Annex No. (2) of these instructions. b. For banks not classified as Domestically Systemically Important Banks (D-SIBs), the requirements related to reporting financed emissions are applied voluntarily. Article (12): Scope and Periodicity of Reporting The bank must provide the Central Bank of Jordan with climate-related financial information based on data from the bank’s branches in Jordan on an annual basis, starting with the data for the end of 2026, within a maximum period of three months from the date of the data, with the exception of Form No. (3) of Annex No. (2) relating to financing in accordance with the Jordan National Green Taxonomy, which shall be provided to the Central Bank of Jordan on a half￾yearly basis, starting with data as at the end of June 2026 and within a maximum period of two months from the date of the data.