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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