Emirates NBD Bank PJSC has become the first financial institution to benefit from an ESG fee waiver launched by the Dubai Financial Services Authority (DFSA).
This fee waiver was announced during COP28 by DFSA Chief Executive Ian Johnston, and applies to issuers wishing to list sustainability-related debt securities in the Dubai International Financial Centre (DIFC) throughout 2024.
Speaking about this, DFSA Chief Executive Ian Johnston said: “The DFSA recognises the pivotal role that financial institutions play in promoting sustainability and addressing environmental and social challenges. By participating in the fee waiver, institutions are taking a proactive step towards adopting more sustainable financial practices.”
The DFSA shared that it is seeing more firms submit applications to become beneficiaries of the fee waiver and is processing pending applications.
All new and repeat issuers that make a relevant application to the DFSA are eligible.