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Bahrain Bourse hosts a webinar titled Evolving Bahrain’s ESG Landscape & Sustainable Financing

December 8, 2021
finance & economy

Bahrain Bourse (BHB), a self-regulated multi-asset marketplace, in collaboration with HSBC Bahrain, hosted a webinar titled ‘’Evolving Bahrain’s ESG Landscape & Sustainable Financing’’. The webinar is in line with Bahrain Bourse’s aim of boosting awareness of the importance and benefits of the ESG ecosystem, as well as the importance of sustainability in the financial sector. The webinar featured thought leaders and experts to shed light on the topics of ESG and Sustainable Finance.

The session kicked-off with an introduction and overview on a Guide to Sustainable Finance, which was followed by a panel discussion. Key topics discussed included: key ESG trends in the region, importance of ESG reporting and assurance, key developments within the local market, importance of sustainable finance in the ESG agenda, and responding to market needs. The webinar concluded with a Q&A session.

Marwa Al-Maskati, Director of Marketing & Business Development at Bahrain Bourse and Board Member of Middle East Investor Relations Association ‘’MEIRA’’ commented, ‘’We are delighted to have partnered with HSBC Bahrain to deliver a valuable and insightful discussion concerning Bahrain’s ESG landscape and sustainable financing, which is becoming increasingly important across the region. The webinar complements our thought leadership publication piece on the ESG Landscape and Capital Markets, which was published in September in collaboration with HSBC Bahrain. The webinar underlines Bahrain Bourse’s commitment and key mission towards ESG, where we believe that ESG and sustainable finance are a key component in establishing a fair playing field for investors.’’

Joseph Ghorayeb, Head of Global Banking at HSBC Bank Middle East, Bahrain stated, “We are committed to the transition to a global net-zero economy, not just by playing our part, but by helping to lead it. Our partnership with Bahrain Bourse in delivering a webinar with a focus on ESG underlines the growing importance of these topics in Bahrain and the region as a whole. As an already recognised leader in ESG financing, HSBC continues to lead the transition to a more sustainable environment. We are dedicated to supporting consumers’ sustainable growth initiatives and contributing to building a future in which economic growth and sustainability are well aligned across the Kingdom.’’

John Gollifer, General Manager of MEIRA said, “As a professional body, MEIRA promotes best practice investor communications. Today’s IR Officers cannot do their job without thinking more broadly, if not strategically, about the needs of all business stakeholders. This BHB and HSBC-led event is another timely initiative that serves to remind us that ESG and our role in sustainable business are here to stay. Accordingly, we all have an important part to play in the capital market eco-system and we all need to proactively participate in championing sustainable capital for our regional businesses.”

It is worth noting that Bahrain Bourse issued its Environmental, Social and Governance (ESG) Voluntary Reporting Guideline for listed companies in June 2020. In September 2021, Bahrain Bourse and HSBC Bahrain launched a thought leadership publication on Sustainable Finance titled “Evolving ESG Landscape & Capital Markets”, which focuses on the sustainable development agenda and green finance. Bahrain Bourse also joined the United Nations Sustainable Stock Exchanges (SSE) initiative to demonstrate its voluntary commitment to promoting sustainable and transparent capital markets in cooperation with listed companies and other related stakeholders.