Governance Archives - Page 8 of 15 - Living Business

category="<a href="https://livingbusiness.com/category/governance/regulation-and-compliance/" rel="tag">Regulation and compliance</a>">Category: Governance

EU gives nod to "world's first" green bond standards

Published on October 6, 2023

European Union lawmakers on Thursday approved new standards for companies issuing "green" bonds to help investors pick sustainable companies and avoid greenwashing or misleading climate-friendly claims. The European Parliament voted in favour of the new voluntary standard for the use of a "European Green Bond" label, calling it the first of its kind in the […]

Summertown Interiors surpasses sustainability targets

Published on October 2, 2023

Summertown Interiors, the UAE’s leading sustainable fit-out contractor, has surpassed its 2023 environmental and sustainable projects targets, as outlined in its 8th Annual Sustainability Report. The report highlights Summertown’s significant progress towards it’s zero waste goals and underscores the company’s unwavering commitment towards sustainable excellence, and building a sustainable future. Covering the financial year from […]

Standard Chartered unveils sustainable trade loan for financial institutions

Published on September 25, 2023

Standard Chartered has announced the launch of a sustainability-focused trade loan for its financial institution clients, enabling them to provide additional liquidity to support ESG-related trade flows. The London-headquartered lender says the loan offering will provide “much-needed” liquidity to financial institutions globally, in turn accelerating borrowers’ efforts to meet their sustainability targets and net zero […]

ISO and UNDP announce partnership to enhance sustainability action

Published on September 25, 2023

They will collaborate on initiatives geared towards enhancing international standards that advance sustainability actions by both the public and private sectors, including the prospective development of the first international standard for the United Nations’ Sustainable Development Goals (SDGs) based on UNDP’s SDG Impact Standards and relevant ISO standards. Such a standard would be significant in that it […]

National Bank of Fujairah partners with Living Business to provide sustainability guidance to businesses

Published on September 18, 2023

National Bank of Fujairah (NBF) has announced a new partnership with Living Business, designed to provide comprehensive sustainability coaching services to business customers. As NBF continues its focus on embedding sustainability into the heart of its own business operations, this partnership will enable the bank to continue supporting its customers in doing the same, providing […]

Oman formulates roadmap to foster sustainable financing

Published on September 18, 2023

The Central Bank of Oman (CBO) has formulated a preliminary roadmap aimed at fostering sustainable and green financing within the domestic financial system, a recent report revealed. The CBO’s Financial Stability Report (FSR) 2023 published recently said, “CBO is also actively encouraging financial institutions to develop policies that facilitate and promote green financing.”“Moreover, CBO is […]

Emirates NBD launches Sustainable Finance Framework

Published on September 11, 2023

As part of its long-term commitment to sustainability, Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has launched its Sustainable Finance Framework. The new Framework allows for the issuance of green and sustainable debt instruments to finance projects which enable the transition to a low carbon and […]

Masdar Park design earns Estidama ‘Exemplar’ sustainability rating

Published on September 11, 2023

Masdar City’s Masdar Park has achieved the “Exemplar” design rating under the Estidama Public Realm Rating System, becoming the second community park in Masdar City, Abu Dhabi, and the region to achieve this rating. This recognition signifies that plans for Masdar Park have met or surpassed the Estidama system’s economic, environmental, social, and cultural standards […]

EGA’s Al Taweelah alumina refinery certified by Aluminium Stewardship Initiative for ESG performance

Published on August 21, 2023

Emirates Global Aluminium today announced that its Al Taweelah alumina refinery has been certified for its environmental, social and governance performance by the Aluminium Stewardship Initiative. All EGA operational assets around the world are now certified to the Aluminium Stewardship Initiative’s Performance Standard V2 (2017). The Aluminium Stewardship Initiative is a global, non-profit organisation that […]

Saudi: NCEC's pilot project requires firms to file periodic environmental reports

Published on August 16, 2023

The National Center for Environmental Compliance (NCEC) has announced the trial launch of a new platform obliging establishments to submit environmental reports. The new platform aims to facilitate the process of submitting environmental reports by establishments that have an environmental impact. The platform comes as part of the NCEC's efforts to strengthen compliance with environmental […]

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