Abu Dhabi stock exchange launches ESG benchmark index ahead of COP28

It is designed to measure companies based on public reports of carbon emissions, environmental product innovation, human rights, shareholders, and others

By Reuters

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Published: Tue 28 Nov 2023, 5:55 PM

Last updated: Tue 28 Nov 2023, 5:56 PM

The Abu Dhabi Securities Exchange (ADX) on Tuesday launched its first Environmental, Social, and Governance (ESG) benchmark index ahead of the COP28 summit, the stock exchange said.

The FTSE ADX ESG Screened index was developed in collaboration with FTSE Russell, the exchange said in a statement.

The index will initially include 24 companies listed on the ADX market and constituents of the FTSE ADX General Index, the statement added.

It is designed to measure the relative ESG performance of companies based on public reports of emissions, environmental product innovation, human rights, shareholders and others, which will be measured on an annual basis.

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