Financial and professional services Archives - Page 4 of 5 - Living Business

category="<a href="https://livingbusiness.com/category/governance/monitoring-measurement-and-reporting/" rel="tag">Monitoring, measurement, and reporting</a>">Industry: Financial and professional services

Gulf Exchanges announce unified ESG metrics

Published on January 14, 2023

The GCC Exchanges Committee today released a unified set of ESG Disclosure Metrics that includes 29 standards aligned with the World Federation of Exchanges and the Sustainable Stock Exchanges Initiative. These standards include categories across greenhouse gas emissions, energy usage, water usage, gender pay, employee turnover, gender diversity, data privacy, ethics and more. It should […]

FAB launches sustainability-linked current account

Published on December 21, 2022

The UAE’s First Abu Dhabi Bank has launched a new sustainability-linked current account for corporate clients in an effort to help companies achieve environmental, social, and corporate governance objectives. As with traditional current accounts, FAB corporate clients will be able to use their sustainable accounts to retain their intraday liquidity for business needs, and to carry out daily payables and receivables, the bank said in a press […]

HSBC to stop funding for new oil and gas fields

Published on December 20, 2022

HSBC will stop financing new oil and gas fields and will not on board new clients which are investing heavily in exploration. The bank said its move to end financing, for all and any new fields where a final investment decision was taken after 31 December 2021, is consistent with the IEA’s Net‐Zero Emissions (NZE) by 2050 […]

ADGM publishes Consultation Paper on comprehensive sustainable finance regulatory framework

Published on November 11, 2022

Abu Dhabi Global Market (ADGM) today announced the publication of a Consultation Paper on a proposed comprehensive Sustainable Finance Regulatory Framework, covering rules on sustainability-orientated investment funds, managed portfolios and bonds as well as a framework on environmental disclosures by ADGM companies. The measures contained in the paper aim to enable an accelerated growth of […]

Bahrain’s NBB Group completes solar panel installation project

Published on September 25, 2022

The NBB Group, comprising of the National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB), has completed the installation of solar energy panels across a number of its physical locations in the kingdom. The panels will generate a sustainable source of energy for NBB’s Istiqlal and Riffa Souq branches and BisB’s Arad and Hamad […]

The law firm that’s advocating for the environment

Published on August 30, 2022

UAE-based law firm Al Tamimi & Company has become one of the region’s first to successfully obtain the ISO 14001 certification after implementing an effective environmental management system. The firm, which has 17 offices in 10 countries, joined the Living Business programme to improve its sustainability profile. The programme offers corporate entities one-on-on strategic guidance […]

Qatar to generate additional $17bn by 2030 with circular economy, says IPA Qatar

Published on August 30, 2022

Doha: With proper implementation of a circular economy (CE), Qatar is set to generate an additional $17bn by 2030, corresponding to 10 percent of its GDP, as well as create an estimated 9,000-19,000 jobs by 2030, increase disposable income, and attract more greenfield foreign direct investment (FDI), according to the Investment Promotion Agency Qatar (IPA […]

BCG accelerates its climate action and sustainability commitments

Published on June 16, 2022

Boston Consulting Group (BCG), one of the world’s leading management consulting firms, today announced that they have partnered with Emirates Nature-WWF to lay a new foundation for climate action by empowering the youth in the UAE through the innovative flagship and impact-driven Leaders of Change program; a program comprising of academic and skills training, dialogues engagement, solution ideation, and […]

Germany: Deutsche Bank raided in ‘greenwashing’ probe

Published on June 2, 2022

Investigators carried out searches at Deutsche Bank and its subsidiary DWS as part of an investigation into investment fraud. Prosecutors in Frankfurt raided the offices of both Deutsche Bank and its asset management subsidiary DWS on Tuesday as part of an investigation into so-called “greenwashing.” The searches related to allegations of financial institutions marketing investment products […]

Research suggests ESG Shariah funds to experience strong growth

Published on May 6, 2022

More than a third of leading Islamic Finance professionals expect dramatic growth in the number of investment funds combining ESG and Shariah compliance over the next two years, new research* shows. The study among professionals working across a wide range of sectors found 36% expect dramatic growth while 49% expect a slight increase in the […]

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