Bahrain Bourse joins Net Zero Financial Service Providers alliance

TDT | Manama     

The Daily Tribune – www.newsofbahrain.com

Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain, proudly announced its voluntary commitment towards the Net Zero Financial Service Providers Alliance.

This significant step underscores Bahrain Bourse’s unwavering dedication to sustainability and aligns with its overarching mission to foster Environmental, Social and Governance (ESG) principles across the capital market, in line with the Kingdom of Bahrain’s announced “Bahrain Blueprint” national action plan, which aims for carbon neutrality through a low-carbon economy, climate change adaptation, and sustainable opportunities in the new green economy.

Bahrain Bourse’s commitment towards joining the Net Zero Financial Service Providers Alliance follows its signing of the Net Zero Pledge during the Annual Conference of the Arab Federation of Capital Markets (AFCM) held in Doha, Qatar on the 29th of April 2024 with the attendance of the Chairman of AFCM and Acting CEO of Qatar Stock Exchange, Mr. Abdulaziz Al-Emadi, and Secretary General of the AFCM, Mr. Rami El-Dokany.

Other signatories that joined the Net Zero Financial Service Providers Alliance included Amman Stock Exchange, Muscat Stock Exchange, and Palestine Stock Exchange.

Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse, commented on Bahrain Bourse’s latest commitment, stating, “By aligning with global initiatives such as the Net Zero Pledge, we aim to catalyze meaningful change and contribute to a more sustainable future across the Kingdom of Bahrain.”

Anthony Miller, Chief Coordinator, UN Sustainable Stock Exchanges initiative commented: “Bahrain Bourse has shown leadership in addressing the climate crisis by joining the Net Zero Financial Service Providers Alliance and committing to play its role in the transition to a low carbon f uture.”

Since 2019, Bahrain Bourse has been a voluntary signatory to the United Nations Sustainable Stock Exchanges (SSE) initiative, demonstrating its proactive engagement in promoting sustainable practices within capital markets.