The Dubai Financial Services Authority (DFSA), together with other members of the United Arab Emirates (UAE) Sustainable Finance Working Group (SFWG), has launched a public consultation on draft Principles for Climate Transition Planning intended to help financial firms develop credible, transparent and effective climate transition plans. The draft Principles frame transition planning as a forward-looking approach to aligning a firm’s objectives, governance, risk management and operations with its climate goals. They are organised around eight areas: transition objectives, governance, integration into strategy and risk management, metrics and targets, data and customer engagement, reporting and transparency, implementation, and review and updates. The SFWG indicates the Principles are designed to apply proportionately across a wide range of financial institutions and to remain flexible to reflect evolving global standards, and should be read alongside the SFWG’s earlier Principles for the Effective Management of Climate-related Financial Risks and Principles for Sustainability-related Disclosures. The consultation is open to DFSA stakeholders, with submissions due by close of business on 16 July 2025.

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