ESG standards in financial sector forum kicks off in Amman

The environmental, social, and governance (ESG) standards in the financial sector forum kicked off Wednesday in Amman. The forum, which was sponsored by the Islamic International Arab Bank and organized by the Union of Arab Banks in cooperation with the Central Bank of Jordan (CBJ) and the Association of Banks in Jordan (ABJ), highlighted a range of topics aimed at promoting ESG principles and fundamentals in the banking community and how to apply and integrate them into financial services. It also addressed ways to strengthen local and Arab banks journeys and commitments in climate action, transformation to the digital economy, and technological solutions in assessing environmental and societal risks and governance. Islamic International Arab Bank's General Manager, Iyad Asali, emphasized that the bank's sponsorship and participation in the forum come as a continuation of its support for the activities of the Union of Arab Banks, and emphasize the bank's approach to applying best practices in the ESG stan dards field. Source: Jordan News Agency