Jordan Integrated Environment, Social, and Governance

active

The Project includes three components: Firm-Level: improve ESG performance of companies by advising selected clients in the real and financial sectors. This includes: - Aligning their practices with IFC corporate governance (CG) methodology and Performance Standards (PS), thereby reducing their ESG risks and improving ESG performance. - Strengthening companies’ boards, control environment, risk management, family governance, IESG commitment or developing their Environmental and Social Management Systems (ESMS). Market-Level: build ESG market demand and local capacity by building the capacity of selected local intermediaries. This will help them improve their ability to provide training and advice on ESG (including on the governance of E&S practices). This includes: - Raising awareness on the ESG business case and aligning their CG training with IFC’s updated CG methodology. - Advancing their ability to promote the ‘women on boards’ agenda through training the future pipeline of women directors. Regulatory-Level: support the market regulator, the Amman Stock Exchange (ASE), to strengthen ESG voluntary frameworks for ASE 20 Index 20 listed companies. This includes: - Developing guidance on climate reporting requirements and disclosure for ASE 20 listed companies to follow.