ESG Reporting Guidelines

Central Bank of Bahrain
مصرف البحرين المركزي

OG/277/2023
17th August 2023

Chief Executive Officer
Listed Companies
All Banks
All Insurance Firms
All Financing Companies
All Category 1 Investment Firms
All Category 2 Investment Firms
Manama
Kingdom of Bahrain

Dear Sir/ Madam,

Consultation: ESG Reporting Guidelines

As part of the Central Bank of Bahrain’s (CBB) objective to ensure adoption of ESG Standards consistent with the Government of Bahrain’s commitment to Sustainability Development Goals, the CBB is hereby proposing the adoption of ESG disclosures to be made in the licensees’ annual reports/ financial statements (reports) as per the ESG Reporting Guidelines (attached).

In this respect we seek your input with regards to your readiness as well as the time period needed for full implementation of these guidelines. The CBB is considering requiring listed companies and CBB licensees to whom this circular is addressed to implement these guidelines for the year ending 31st December 2024.

The proposed guidelines will be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

The CBB requests you to provide your comments, including “nil comments” on the proposed guidelines in an editable format to consultation@cbb.gov.bh by 17th September 2023.

Yours faithfully,

[Signature]

Rasheed M. Al-Maraj
Governor

cc: Bahrain Association of Banks
Bahrain Bourse
Audit Firms
Law Firms

هاتف 17547500 973+، فاكس 17537799 973+، ص.ب 27 المنامة، مملكة البحرين T +973 1754 7500, +973 1754 7555, F +973 1753 7799, P.O. Box 27, Manama, Kingdom of Bahrain, www.cbb.gov.bh