Abu Dhabi Global Market (ADGM) has implemented its sustainable finance regulatory framework with immediate effect, following "significant support" through public consultation. In a statement on 4 July, it said the framework encompasses rules on sustainability-orientated investment funds, managed portfolios and bonds as well as requirements for environmental, social and governance (ESG) disclosures by ADGM companies. The measures would accelerate the growth of a sustainable finance ecosystem in the jurisdiction and support the UAE's transition to net zero greenhouse gas emissions. The ...
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