Regulatory Alerts2024-01-01
Sustainable Finance Roadmap and Action Plan
The Palestine Monetary Authority has issued a comprehensive Sustainable Finance Roadmap and Action Plan to systematically integrate environmental, social, and governance (ESG) principles across the Palestinian financial sector. The framework mandates the establishment of a National Sustainable Finance Committee, introduces a national taxonomy for sustainable finance, and requires financial institutions to embed climate-related physical and transition risks into their risk management and supervisory frameworks. Structured around three core pillars, the roadmap outlines specific instruments, centralized data systems, and digital innovations to mobilize green investments while ensuring financial stability and long-term economic resilience.
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