Jordan Securities Commission adopts ESG Code aligned with IFRS S1 and IFRS S2 with first phase covering ASE20 companies

The Jordan Securities Commission said, in remarks delivered during a specialist dialogue session on governance and sustainability in capital markets, that its Board of Commissioners has adopted an environmental, social and governance code aligned with IFRS S1 and IFRS S2. The measure is presented as part of the commission’s broader effort to develop Jordan’s capital market framework by strengthening governance and sustainability practices, with the code intended to improve transparency, raise the quality of sustainability-related disclosures and support investor confidence. The first phase of implementation will apply to companies included in the ASE20 index, identified as the market’s largest and most influential listed companies. The commission said this phased approach is intended to help those firms lead the shift toward international governance and sustainability practices and prepare Jordanian companies for investor and market disclosure expectations. It also said the code creates a pathway toward applying sustainability disclosure requirements, while the commission’s role will include capacity building, awareness raising and technical guidance so listed companies can implement the requirements gradually and in a practical way that balances higher disclosure quality with firms’ readiness.