In a keynote speech at a regional ESG forum in Amman, the Jordan Securities Commission outlined its push to embed environmental, social and governance considerations in capital markets, urging financial institutions to expand sustainable financing and increase the use of instruments such as green bonds. The update highlighted regulatory steps already taken to strengthen sustainability reporting and climate-related disclosure for listed companies. Implementation has included rules requiring sustainability reports from companies in the ASE20 index of the Amman Stock Exchange, with reports covering impacts on the environment, economy and society, including carbon emissions and social indicators. The framework uses Global Reporting Initiative (GRI) standards and adds a transparency pillar intended to align reporting with the SDG Impact Standards. The Commission also referenced the launch of a Climate Change Information Disclosure Guide, alongside a related disclosure policy and regulatory framework developed with the International Finance Corporation and Ernst & Young, designed to help listed companies produce climate-related financial and non-financial disclosures compatible with International Financial Reporting Standards and aligned with International Sustainability Standards Board standards including IFRS S1 and IFRS S2. Looking ahead, it noted that the Council of Ministers approved in July 2024 an agreement between the Commission, the Ministry of Planning and the International Finance Corporation to develop ESG-related securities regulations, and that the Commission has agreed with partners to move forward with adopting ISSB standards, supported by its recent participation in the IOSCO Developing and Emerging Markets Committee group focused on implementation capacity-building and regional information exchange.
Jordan Securities Commission 2025-01-21
Jordan Securities Commission sets out sustainability reporting and climate disclosure framework and backs adoption of ISSB standards
The Jordan Securities Commission, at a regional ESG forum in Amman, emphasized integrating ESG considerations into capital markets, urging financial institutions to enhance sustainable financing and use green bonds. It detailed regulatory measures, including mandatory sustainability reporting for ASE20 index companies, aligned with Global Reporting Initiative standards and supported by a new Climate Change Information Disclosure Guide, with plans to adopt International Sustainability Standards Board standards.