Overview Jurisdiction Al Reem Expansion Authorities Initiatives ADGM Academy Arbitration Centre Overview Business areas Setting up Operating in Public registers Legal framework Regulation Awareness Collaboration Ecosystem ADGM Sustainable Media News Events Spotlight Podcasts Publications Support Make an enquiry Whistleblowing FAQs
A platform that offers limitless opportunities and paves the way for a brighter future

Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's lifestyle
Latest initiatives ADGM Announces Incentive Initiative for Existing Al Reem Island Businesses Transitioning to ADGM ADGM Marks Its Presence on Al Reem by Hosting its First Community Event on the Island
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.

Find out how to set up in ADGM
Latest news 24 French Asset Management Firms With $1.6 Trillion AUM Convene for Second UAE – France Investor Meetup ADGM's Financial Regulator fines Sarwa Digital Wealth (Capital) Limited USD 122,500 for making an Offer of Securities in ADGM without Approved Prospectus
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights ADGM, the Region's Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28 ADGM Implements its Sustainable Finance Regulatory Framework
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming events FSRA Supervision Outreach Session ADGM's 4th Annual FATCA and CRS Awareness Session LINK Networking Series
We are here to help

At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.

View available support options
Some of our FAQ topics
  • Getting started
  • Foundations regime
  • Resolution for incorporation
  • Existing auditors
  • New auditors
  • Announcement


    BNP Paribas and ADGM explore key areas of climate action in the lead to COP28 with UAE business leaders

    ADGM 27/06/2022
    • BNP Paribas & ADGM release white paper following roundtable discussion with business leaders in the UAE
    • The Middle East & Africa region to take centre stage at COP27 in Egypt, and COP28 in UAE

    Abu Dhabi, UAE, 27 June 2022 – International banking group BNP Paribas and Abu Dhabi Global Market (ADGM) co-authored a white paper entitled “UAE and the Energy Transition: Towards COP28”. The paper formalised the discussion of a number of prominent business leaders based in the UAE who attended a roundtable on the topic in November 2021.

    Collectively, the session included the exploration of key areas of climate action including effective regulation, stronger collaboration, wider stakeholder engagement and the increasing role of the financial industry in the region's climate action. The participants also reflected on the agreements made during COP26 in Glasgow last year, and recommended stronger public-private collaboration ahead of the UAE’s hosting of COP28, to achieve ambitious net-zero targets.

    Jerome Ponrouch, Head of Company Engagement CIB MEA commented “BNP Paribas is proud to partner with ADGM to engage with key regional stakeholders on the energy transition and the path to net-zero. When it comes to climate action, a critical juncture was reached at COP26. As a responsible bank, it is important to share our knowledge and experience of sustainability and sustainable finance to engage more partners. Although somehow distant, we want COP28 to encapsulate not only the progress of prior COPs, but also to include more diverse stakeholders in the planning and delivery of a sustainable future for the planet.”

    Mercedes Vela Monserrate, Head of Sustainable Finance at Abu Dhabi Global Market said: “The UAE’s hosting of the COP28 next year will be an important determinant of the impact of our efforts to decarbonise our economy. Our discussion with BNP Paribas, as well as with other private sector partners, set the scene for a more collaborative approach to clearly defining how to achieve net-zero goals. We should continue to integrate the private sector into our transition strategy, and set clear, actionable plans in line with global standards.”

    Top findings from the white paper include:

    Increased focus on public-private sector collaboration

    Although COP26 was generally positive from a regional perspective, global negotiations were largely referred to as “fragile agreements.” One of the main reasons given for this, was the lack of consultation with some stakeholders such as the private sector—which was left out of crucial negotiations.

    As such, one of the key recommendations of the roundtable is to encourage stronger collaboration between the public and private participants, and to set clear, credible, and timely plans to deliver on net-zero targets. Accelerating the decarbonisation of the economy is a vital part of climate mitigation, with over 70% of global emissions created by industry.

    Regulation and communication

    Governments and regulators play an important role in ensuring effective reporting of climate action. Rules and guidelines must be clear and achievable in order to make actors more accountable and reduce the risk of greenwashing.

    Effective communication plays a pivotal role in ensuring alignment and informing the public about the impact of climate change. Engagement includes politicians, business people, civic society and the general public. Increased disclosure was also identified as a key enabler of progress for COP28, with access to information on topics such as national and international climate change priorities seen as fundamental to accountability.

    Financing & Inclusivity

    Finance and sustainability go hand-in-hand. If climate change projects do not meet the requirement of private finance, then sustainable finance will be hard to scale up, unless subsidies, guarantees or other incentives are offered by governments and supernational entities, like multilateral development banks.

    The question of where financing the transition comes from is critical. There should be a toolkit available, including government incentives, support from regional SWFs and ESG dedicated financial institutions. There are also key questions pertaining to each economic activity. Foster change in the behaviour of consumers and users is also important because both the supply and the demand matter in the transition at stake.

    Whilst the financial market, lending and investment are switch mechanisms; regulators and the financial sector must ensure that they match the pace of participants in the economy. They must collaborate with companies in developing a mutually acceptable path to sustainability, accompanying companies and individuals on their transition journey.

    As a special guest at the roundtable, BNP Paribas’ Global Sustainability Partner Craig Leeson came directly from COP26 to Abu Dhabi to participate and lead the discussion on the energy transition and practical actions to achieve it. Craig is also an award winning journalist, filmmaker , his most recent films are “A Plastic Ocean” and “The Last Glaciers.” The conversation was a review of COP26’s outcomes, looking forward to the UAE’s own commitments, the path to COP28 and the key challenges and opportunities lying ahead.

    ADGM will continue to host knowledge sharing activities with key stakeholders in the UAE in the lead up to COP28.

    To read the white paper “UAE and the Energy Transition: Towards COP28” click here.