AMMAN — The Amman Stock Exchange (ASE), with support from the International Finance Corporation (IFC), has continued to monitor the implementation of its Regulatory Framework and Rules for Climate-Related Disclosures, issued in 2025.

 

The IFC also is monitoring ASE's Climate-Related Disclosure Guidance and Policy, as part of ongoing efforts to strengthen sustainability practices and climate-related disclosure in Jordan’s capital market.

 

The guidance, developed with support from the IFC in partnership with the Kingdom of the Netherlands, serves as a practical reference for listed companies, helping them understand disclosure requirements related to climate risks and opportunities and prepare their reports in line with international best practices and standards.

 

These include standards issued by the International Sustainability Standards Board (ISSB), particularly IFRS S2 on climate-related disclosures, as well as climate-related requirements under IFRS S1.

 

The guidance has helped strengthen companies’ preparedness to meet growing climate-related disclosure requirements at both local and international levels.

 

ASE Chief Executive Officer Mazen Wathaifi, said the exchange, in cooperation with the IFC and other stakeholders, had conducted a series of training programmes and workshops for listed companies throughout the year.

 

The initiatives aim to build companies’ capacity to understand the requirements of the regulatory framework, identify and disclose climate-related risks and opportunities, and align their disclosures with internationally recognised standards.

 

Wathaifi said nine companies included in the ASE20 Index had so far submitted their 2025 climate-related disclosure reports to the exchange during the voluntary reporting period, which serves as a transitional phase ahead of mandatory implementation.

 

The companies comprise seven banks and two firms from the services sector, representing utilities and energy.

 

They are Capital Bank of Jordan, Arab Bank, Bank al Etihad, Safwa Islamic Bank, Jordan Electric Power Company (JEPCO), Afaq Energy, Bank of Jordan, Jordan Kuwait Bank and Jordan Ahli Bank.

 

Wathaifi said the companies’ response during the voluntary period was a positive indication of the success of efforts undertaken by the exchange and its partners in recent years to promote a culture of sustainability and raise awareness of climate-related disclosure requirements.

 

He said the response also reflected growing recognition among companies of the importance of climate-related information to investors, financial institutions and investment funds, which are increasingly giving greater weight to environmental, social and governance (ESG) factors.

 

The progress marks a continuation of the ASE’s efforts to advance sustainability across Jordan’s capital market and support the Kingdom’s drive to build a more sustainable and climate-resilient economy.

 

These efforts are aligned with the objectives of the Economic Modernisation Vision (EMV) and contribute to enhancing the attractiveness and competitiveness of Jordan’s investment environment.