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95% of ASE20 index sample submitted sustainability reports — CEO

By JT - Jul 06,2023 - Last updated at Jul 06,2023

AMMAN — Ninety-five per cent of the 20 companies listed in the ASE20 index sample have provided the Amman Stock Exchange with their sustainability reports for the year 2022 during the specified period through the e- disclosure System XBRL, according to ASE Chief Executive Officer Mazen Wathaifi .

He noted that approximately 74 per cent of these companies are issuing the report for the first time. 

This high percentage reflects the companies’ compliance with the laws and regulations, and the principles of transparency and disclosure about their environmental, social and governance (ESG) practices according to the rules issued by the ASE in 2022, said a statement posted on the ASE website.

Wathaifi added that in accordance with the rules mentioned above, which became effective this year, the companies included in the ASE20 index sample should provide sustainability reports in accordance with the GRI standards within six months from the end of the fiscal year as a stand-alone report, or within three months of the end of the fiscal year if the companies incorporate the sustainability report with their annual reports.

Wathaifi said that the ASE posts the stand-alone sustainability reports on the ASE website under Circulars and Disclosures/sustainability reports window. The INVEST BANK company provided the ASE with its sustainability report incorporated with its annual report, which has been circulated under Circulars and Disclosures /annual financial reports. The Bank of Jordan did not provide the ASE with its sustainability report within the specified period, he said.

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