The Business Times
business-time-50

Abu Dhabi stock exchange launches ESG benchmark index

google-preferred-sourceAdd BT as a preferred source
Published Tue, Nov 28, 2023 · 10:55 PM
    • The index will initially include 24 companies listed on the ADX market and constituents of the FTSE ADX General Index.
    • The index will initially include 24 companies listed on the ADX market and constituents of the FTSE ADX General Index. PHOTO: REUTERS

    THE Abu Dhabi Securities Exchange (ADX) on Tuesday (Nov 28) launched its first Environmental, Social, and Governance (ESG) benchmark index ahead of the COP28 summit, the stock exchange said.

    The FTSE ADX ESG Screened index was developed in collaboration with FTSE Russell, the exchange said in a statement.

    The index will initially include 24 companies listed on the ADX market and constituents of the FTSE ADX General Index, the statement added.

    It is designed to measure the relative ESG performance of companies based on public reports of emissions, environmental product innovation, human rights, shareholders and others, which will be measured on an annual basis. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Abu DhabiESGCOP28Climate change

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

    Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More