In 2018, Saudi Exchange (formerly the Saudi Stock Exchange ‘Tadawul’) became a partner exchange supporting the UN Sustainable Stock Exchanges Initiative and working to promote ESG awareness, initiatives and encourage sustainable investment, in collaboration with market participants such as issuers and investors.
Since then, Saudi Exchange has engaged with listed companies, standards-setters, index providers, ratings providers, investors, and other stock exchanges, through a myriad of mediums to help advance ESG disclosure in the Saudi capital market. The Exchange feels a responsibility to support the advancement of ESG in Saudi Arabia, and the wider region, and so it remains focused on raising awareness and encouraging listed companies to disclose ESG.
These guidelines (available here) have been created as a useful resource for listed companies to help them navigate ESG. This is important as ESG is an ever-changing landscape; as it advances and the Saudi capital market continue to develop, an updated version will be issued. The intention is to ensure the guidelines remain relevant and can continue to act as a catalyst supporting the sustainable and inclusive growth of the Saudi capital market, for the benefit of all market participants.