Dubai FSA adopts UAE principles for managing climate-related financial risks

Mark Battersby
clock • 2 min read

The Dubai Financial Services Authority (DFSA), a founding member of the UAE Sustainable Finance Working Group (SFWG), has adopted, alongside other financial regulators of the UAE, the principles for the effective management of climate-related financial risks (the Principles). This is the Middle East region's first initiative of this nature. On 9 November, the DFSA, together with other members of the SFWG, attended an official ceremony hosted by the Central Bank of the UAE to launch the Principles. Ian Johnston, chief executive of the DFSA, said: "We are embedding climate risk conside...

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