The Jordan Securities Commission has set out its sustainability finance agenda, including a plan to implement an ESG Code by 2026 with mandatory, phased application starting with ASE 20 index companies and expanding to all listed issuers. It also highlighted a Board of Commissioners decision amending Article 9 of the Amman Stock Exchange listing instructions to require listed companies to submit an annual sustainability report prepared in line with Amman Stock Exchange requirements. The update, presented during a strategic forum on environmental, social and governance standards, outlined the Commission’s current legislative and regulatory framework for sustainable finance and its forward work programme for capital market sustainability oversight. The Commission also pointed to a 2024 memorandum of understanding with the Ministry of Planning and International Cooperation and the International Finance Corporation to support development of an ESG Code, and referenced international sustainability reporting developments including ISSB, IFRS S1 and S2 and SASB standards, as well as IOSCO’s endorsement of S1 and S2. Next steps centre on the planned phased implementation pathway toward mandatory application of the ESG Code from ASE 20 constituents to the wider listed market by 2026; no further milestones were specified.

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