Regulatory Alerts2024-12-02
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Palestine Monetary Authority Circular: Sustainable Finance Roadmap for Banks 2024
The Palestine Monetary Authority issued Circular No. 74/2024 to all banks operating in Palestine, attaching the Sustainable Finance Roadmap document. This roadmap aims to enhance sustainable financial practices, facilitate the transition to a low-carbon economy, and increase the mobilization of green investments by integrating Environmental, Social, and Governance (ESG) standards into the financial sector's policies and practices.
PALESTINE MONETARY AUTHORITY
Circular No. (74/2024) To all banks operating in Palestine Date: Monday, August 12, 2024
Subject: Sustainable Finance Roadmap
In the context of enhancing the role of the financial system in achieving sustainable development goals and integrating environmental, social, and governance standards into the financial sector's policies and practices, we attach to you the Palestine Monetary Authority's Sustainable Finance Roadmap document, which aims to enhance sustainable financial practices and the transition towards a low-carbon economy, and to increase the mobilization of green investments by considering Environmental, Social, and Governance (ESG) standards.
Supervisory Group Palestine Monetary Authority
- Attachment: Palestine Monetary Authority's Sustainable Finance Roadmap document.
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