The Jordan Securities Commission has launched its environmental, social and governance code, completing the rollout announced after its earlier adoption and preparatory work with listed companies. The code will become mandatory for the 20 companies in the Amman Stock Exchange ASE20 index from financial year 2027 on an apply and explain basis, with phased expansion to other listed companies planned later. The framework adopts the International Sustainability Standards Board’s IFRS S1 general sustainability disclosure requirements and IFRS S2 climate disclosure requirements. Covered companies must issue a standalone annual sustainability report and strengthen board oversight through female representation, at least one third independent directors and expertise in sustainability and climate risk. The code also requires five board committees covering governance, sustainability, audit, risk, and nominations and remuneration, alongside provisions on investor protection, conflicts of interest, internal controls, audit, compliance and disclosure.
2026-09-10Jordan Securities Commission
Jordan Securities Commission launches ESG Code, mandatory ASE20 application starts in financial year 2027
The Jordan Securities Commission has launched an ESG Code that will apply mandatorily to ASE20 companies from financial year 2027 on an apply and explain basis. Aligned with IFRS S1 and IFRS S2, it requires standalone annual sustainability reporting and stronger board, committee, risk and disclosure arrangements. Coverage is expected to expand to other listed companies in later phases.