Dubai Sustainable Finance Working Group.
Creating a sustainable financial hub.
The Dubai Sustainable Finance Working Group (DSFWG) was launched in July 2019 to coordinate efforts to create the most sustainable financial hub in the region. The group is integrating environmental, social and governance best practice across Dubai’s finance sector.
DSFWG’s efforts align with the UAE sustainable development goals 2030. These are quality education, gender equality, decent work and economic growth, responsible consumption and production, climate action, and partnerships for these goals.
Additionally, the working group’s actions are contributing to the UAE’s commitment to achieve net zero emissions by 2050 and ensuring sustainable development.
ESG is embedded into the Dubai finance sector via four key pillars:
Responsible business operations - embedding ESG into business operations, to mitigate risk and achieve best governance and reporting practices.
Responsible investing - promotes the principles of responsible investment, and integration of ESG in investment-decision making and mitigation of investment risks.
Growing sustainable finance - encourages the issuance of green financial instruments.
Gender diversity and inclusion - nurturing and cultivating diversity and inclusion in business.