ASE and UNDP sign agreement to support SDGs

2. UNDP Photo new
Amman Stock Exchange CEO Mazen Al-Wathaifi (left) and UN Development Program Jordan Representative Sarah Ferrer Olivella. (Photo: Handout from UNDP)
AMMAN— The Amman Stock Exchange (ASE) has signed a cooperation agreement with the UN Development Program (UNDP) under which the latter will provide support and training to employees of the stock exchange and listed companies, both parties announced in a joint press statement issued on Monday.اضافة اعلان

The agreement, signed by ASE CEO Mazen Al-Wathaifi and UNDP Jordan Representative Sarah Ferrer Olivella, includes providing knowledge and awareness on issues related to the Sustainable Development Goals (SDGs).

The SDGs are based on three main axes: Maintaining environmental protection, social development, and corporate governance, according to the joint statement.

Wathaifi said that the agreement comes within the framework of the ASE’s strategic plan that includes implementing international best practices to enhance Jordan’s investment climate and market attractiveness.

He added that the signing of the agreement comes within the framework of strengthening cooperation with the United Nations Development Program (UNDP), which started a while ago and established a strategic partnership between the two sides.

The ASE will raise awareness and knowledge of listed companies on issues related to the SDGs by organizing workshops for listed companies with the aim of introducing the importance of these principles and standards and how to prepare their reports in preparation for their implementation by these companies.

Wathaifi indicated that the ASE worked to raise awareness of the importance of sustainability in the Jordanian capital market by training ASE employees on how to prepare a sustainability report in order to spread awareness among listed companies of the importance of sustainability and its benefits and to all relevant parties.

The ASE also issued introductory publications on the concept of sustainability and issued a guide for listed companies on preparing sustainability reports in both Arabic and English, stressing that the exchange itself issued its first report on sustainability for the year 2021.

He also referred to the most important recent developments at the regional level including the launch of a new sustainability index, the Refinitiv AFE Low Carbon Select Index a selective index for the in the Middle East and North Africa (MENA) region.

For her part, Olivella said she commended the ASE for considering the introduction of mandatory impact disclosures, calling it an “important signal” to the market and puts Jordan on the map of a growing number of global impact investors, a “core ambition” of the UNDP’s flagship SDG Impact initiative.

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