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 ADGM Publishes its Whistleblowing Framework ADGM’s FSRA issues alert concerning fraudulent website - Sterwa Holdings
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 LINK Networking Series ADFW 2024
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
  • ACCESSADGM
  • Announcement

    service

    UAE authorities launch consultation on “Principles for the Effective Management of Climate-Related Financial Risks”

    ADGM 28/03/2023
    ADGM

    The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), together with other members of the UAE Sustainable Finance Working Group (SFWG), have issued draft “Principles for the Effective Management of Climate-Related Financial Risks” (“the draft Principles”) for consultation.

    The SFWG has considered a number of standards in this area published by international standard-setters, primarily the “Principles for the effective management and supervision of climate-related financial risks” from the Basel Committee on Banking Supervision (BCBS), published in June 2022, and the “Guide for Supervisors: integrating climate-related and environmental risks into prudential supervision” from the Network for Greening the Financial System (NGFS), published in May 2020.

    The SFWG is launching this consultation on the draft Principles with the aim of obtaining feedback on their relevance to firms within the scope of application as determined by each authority. The draft Principles represent the common understanding among the SFWG members on the standards they expect to see observed in their respective jurisdictions and in line with their legal frameworks in the area of climate risk management. The draft Principles are endorsed by the entire SFWG, and they are primarily relevant for the financial services sector.

    The members of the SFWG welcome comments on the Principles, with a final version to be issued in the second half of 2023, subject to the outcome of the public consultation.

    Please click on the following link to view and download the draft Principles: Principles for the Effective Management of Climate-Related Financial Risks.

    Comments should be sent to consultation@adgm.com using the feedback form available via the link above by the close of business on 1 May 2023.