FC4S in the Gulf – Abu Dhabi
Established by UAE Federal Decree, Abu Dhabi Global Market (ADGM) includes three independent authorities – the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA) and ADGM Courts.
As a FC4S member, ADGM has been developing a vibrant and thriving sustainable finance hub that supports capital formation, raising and deployment as well as the creation and issuance of products to achieve positive economic, social and environmental objectives.
The jewel in the crown of their work is the annual Abu Dhabi Sustainable Finance Forum. With FC4S proud to a member of the Forum’s organising committee, the forum convenes top global institutional investors, regulators, international agencies, development finance institutions and project developers to showcase concrete progress and actions in scaling sustainable finance in the MENA region and around the world.
ADGM was also a partner in the creation of the Guiding Principles on Sustainable Finance, which serves as a catalyst in the implementation of the UAE’s sustainability priorities. The Guiding Principles will serve as a gateway to the increased implementation and integration of sustainable practices among the UAE’s financial entities. The voluntary principles represent the first stage of collaboration among participating entities to ensure a strong and frictionless transition to a sustainable framework.
In keeping with FC4S’s focus on skills development in early 2020 ADGM also launched a Certificate in Sustainable Finance, offered in partnership with the London Institute of Banking & Finance. This programme and qualification will address the sustainable imperative by examining banking and finance from the ‘ground up’, reviewing industry assumptions around markets, forecasting, risk, credit, investment and more.