Amman Stock Exchange And Sustainability Excellence Sign A Memorandum Of Understanding On Mutual Cooperation

The Amman Stock Exchange (ASE) and Sustainability Excellence have signed a Memorandum of Understanding (MoU) to promote sustainability in the Jordanian capital market and among the listed companies.

The MoU sets the tone of cooperation between the two organizations and contains several activities that include: conducting training and engagement sessions on sustainability, providing guidance on sustainability disclosure for the listed companies, and developing corporate ESG performance assessments, among other activities.

The MoU was signed by Mr. Nader Azar, Chief Executive Officer of the ASE, and Mr. Darin Rovere, Founder and Chief Executive Officer of Sustainability Excellence.

Commenting on the partnership, Mr. Nader Azar, CEO of the ASE, said: "The signing of this MoU reinforces the efforts deployed by the ASE to raise awareness on the importance of sustainability in collaboration with Sustainability Excellence - a market leader in the sustainability advisory and reporting field. Through this partnership, the ASE will engage with the listed companies and other relevant stakeholders to promote the business case of sustainability."

He also added: "the ASE has joined the Sustainable Stock Exchange Initiative (SSE) in 2016 - an initiative that aims to raise awareness on sustainably and promote sustainability and environmental, social, governance (ESG) disclosure."

Mr. Darin Rovere, Founder and CEO of Sustainability Excellence, added: "Integrating sustainability factors in the core business operations of listed companies will certainly contribute to enhance their competitiveness and financial performance. We are delighted to support the ASE's ambition in driving ESG disclosure in financial markets, satisfying international investors' requirements for ESG information and sustainability reporting."