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UAE Sustainable Finance Working Group (SFWG) has introduced the ‘Principles for Sustainability-Related Disclosures for Reporting Entities’ as part of a collaborative effort among UAE regulatory bodies to enhance sustainability-related disclosure requirements for financial institutions in line with international standards. This initiative aligns with the declaration of 2024 as the ‘Year of Sustainability’.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has given the green light to the second phase of conserving Dubai’s heritage architecture.
Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.
Burjeel Holdings has unveiled an extensive Environmental, Social, and Governance (ESG) strategy, outlining ambitious goals across four key areas, demonstrating a strong commitment to sustainable practices. Central to this strategy is the pledge to achieve carbon neutrality by 2040, indicating a significant shift towards a greener and more equitable future.