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ADGM and UAE National Committee on Sustainable Development Collaborate to Drive Green Finance Projects

ADGM FSRA 30/06/2019

FCSA

On the sidelines of the Abu Dhabi Climate Meeting 2019

  • The agreement promotes knowledge sharing and best practices to support sustainable projects and initiatives.
  • The agreement boosts capacity and skill building of Emirati talents; while focusing on pioneering private sector organizations in the UAE.

 

Abu Dhabi, UAE; June 30, 2019: The UAE National Committee on Sustainable Development Goals (SDGs) General Secretariat and Abu Dhabi Global Market (ADGM), signed an agreement to promote initiatives and programmes to finance Sustainable Development Goals-related projects.

 

The collaboration agreement was signed in the presence of H.E. Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment; H.E. Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of ADGM; Abdulla Lootah, Vice-Chair of the National Committee on Sustainable Development Goals, Director General of Federal Competitiveness and Statistics Authority (FCSA); and Richard Teng, CEO of the Financial Services Regulatory Authority at ADGM.

 

Commenting on the agreement, H.E. Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation, Chair of the National Committee on Sustainable Development Goals, said: “We are excited to collaborate with ADGM to support innovative sustainability programs and initiatives. This collaboration complements the Committee's efforts to provide accurate data and statistics to all national partners, by supporting green projects in various fields in the UAE. All our efforts aim to achieve 2030 Agenda for Sustainable Development.”

 

For his part, HE Dr. Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment stressed the significance of collaboration and strategic partnerships among federal and local government entities and the private sector to drive the UAE’s efforts towards achieving its National Agenda and instil the culture of sustainability through various innovative initiatives.

 

H.E. added: “The UAE provides a plethora of opportunities for companies and investors, to be a part of achieving the country’s sustainability agenda, by introducing innovative ideas in the fields of environment and climate change. The collaboration between ADGM and the National Committee on SDGs in green finance will provide owners of sustainable projects with data on the efficiency and participation of their projects towards achieving the UAE’s sustainable development goals.”

 

His Excellency Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of ADGM added: “We are pleased to further our collaboration with the Federal Competitiveness and Statistics Authority (FCSA) and the Secretariat of the National Commission for Sustainable Development to foster greater adoption of sustainable practice and sustainable finance activities across the UAE.  The UAE’s Agenda for Sustainable Development objectives has been part of ADGM’s strategic focus and we have been working closely with liked-minded partners and the private sector to heighten the awareness of and accelerate the deployment of initiatives across the financial industry. We look forward to enhancing our country’s competitiveness and sustaining its economic growth together with FCSA.”

 

The collaboration agreement comes as a part of the Federal Competitiveness and Statistics Authority's participation at the Abu Dhabi Climate Meeting, held in Abu Dhabi on June 30 and July 1. The meeting is a preparation for the UN Climate Action Summit 2019 in New York. The Abu Dhabi Climate Meeting is organized by Ministry of Climate Change and Environment, in collaboration with the UN, represented by Secretary-General António Guterres. The Meeting was attended by over 1000 participants, including world leaders, and CEOs of major international organizations.

 

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About Abu Dhabi Global Market

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015.  Established by a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global hub for business and finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

 

ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as an IFC governs Al Maryah Island which is a designated financial free zone. It enables registered financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on Common Law.  

 

Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for three consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*   For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket and Linkedin : ADGM

* Source : The Global Investor Middle East and North Africa (MENA) Awards

 

For further enquiries, please contact:

Joan Lew

joan.lew@adgm.com