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AMMAN — Chief Executive Officer of the Amman Stock Exchange (ASE) Mazen Wathaifi has announced that all listed companies required to submit annual sustainability reports for 2025 have complied with the reporting requirements.
A total of 22 companies submitted their sustainability reports within the deadline stipulated under the ASE's Sustainability Reporting Rules through the XBRL electronic disclosure system, according to an ASE statement.
Wathaifi said the 100 per cent compliance rate reflects the companies' commitment to applicable laws and regulations, as well as their growing focus on environmental, social and governance (ESG) issues.
Under the Sustainability Reporting Rules, companies included in the ASE20 Index, as well as companies that were previously part of the index, are required to prepare sustainability reports in accordance with the Global Reporting Initiative (GRI) Standards. Companies issuing a standalone sustainability report must submit it within six months of the end of their financial year, while those incorporating sustainability disclosures into their annual report must do so within three months of the end of the financial year.
Wathaifi also noted that Gulf Insurance Group, Jordan and First Insurance Companies, voluntarily published their 2025 sustainability reports for the first time in accordance with the GRI Standards, despite not being included in the ASE20 Index.
He said the move reflects the growing culture of sustainability and non-financial disclosure in Jordan's capital market and demonstrates companies' increasing awareness of the importance of reporting their ESG performance.
The ASE publishes sustainability reports on its website under the "Circulars and Disclosures" section in the Sustainability Reports window, Wathaifi said.
He added that the decision to require companies in the ASE20 Index to issue sustainability reports, introduced in 2022, aims to enhance the attractiveness of listed companies and strengthen transparency and disclosure in the national capital market, particularly with regard to compliance with sustainability standards.
Sustainability reporting also provides stakeholders with a broader understanding of companies' performance and achievements while demonstrating their commitment to environmental, social responsibility and governance issues, Wathaifi said, noting that such information has become increasingly important to both local and international investors in making investment decisions.
