Companies listed on the Amman Stock Exchange enhance climate disclosure during the voluntary period
Amman3 min read
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The Amman Stock Exchange (ASE), with the support of the International Finance Corporation (IFC)—a member of the World Bank Group—has continued to follow up on the implementation of the regulatory framework and disclosure rules for climate change-related information issued by the exchange in 2025, in addition to the guidance manual and policy for climate disclosure.
The manual, prepared with the support of the IFC and in partnership with the Kingdom of the Netherlands, has served as a practical reference for listed companies to help them understand the requirements for disclosing climate-related risks and opportunities and to prepare their reports in accordance with international best practices and standards, including the International Sustainability Standards Board (ISSB) standards, particularly IFRS S2 and the relevant climate requirements in IFRS S1. This has contributed to enhancing the readiness of companies to deal with the growing climate disclosure requirements at both the local and international levels.
CEO of the Amman Stock Exchange, Mazen Al-Wathaifi, stated that the ASE has implemented, throughout the current year and in cooperation with the IFC and other entities, a series of training programs and workshops for listed companies, with the aim of building their capacities and enabling them to understand the requirements of the regulatory framework and to identify and disclose climate risks and opportunities in line with global standards.
He explained that 9 companies listed on the ASE20 index have, to date, provided the exchange with their climate-related disclosure reports for the year 2025, during the voluntary phase, which is considered a transitional period preceding the start of mandatory implementation.
These companies consist of 7 companies from the financial sector (banks) and 2 companies from the services sector (energy and utilities), namely: Capital Bank of Jordan, Arab Bank, Union Bank, Safwa Islamic Bank, Jordan Electric Power Company, AFAQ Energy, Bank of Jordan, Jordan Kuwait Bank, and Jordan Ahli Bank.
He indicated that the exchange has published these reports through its website www.Exchange.jo under circulars and disclosures (Climate-related disclosure reports/sustainability reports).
Al-Wathaifi emphasized that the response of companies during the voluntary phase represents a positive indicator of the success of the efforts made by the exchange and its partners over the past years in spreading a culture of sustainability and enhancing knowledge of climate disclosure requirements, noting that this response reflects an increasing awareness among companies of the importance of climate-related information for investors, financial institutions, and investment funds, which have begun to pay increasing attention to environmental, social, and governance (ESG) factors.
He added that the exchange has adopted a gradual approach in implementing climate disclosure requirements by providing regulatory frameworks, guidance manuals, training, and technical support to companies before moving to the mandatory phase, ensuring the quality and reliability of disclosures and enhancing the ability of companies to manage risks and opportunities associated with climate change.
This progress comes as an extension of the efforts made by the Amman Stock Exchange to promote sustainability in the Jordanian capital market and support the Kingdom's trends toward building a more sustainable economy capable of adapting to climate challenges, in line with the Economic Modernization Vision and enhancing the attractiveness of the investment environment in Jordan.
