Dr. Mohammed Omran- FRA’s Chairman chaired Securities Regulators Advisory Group at the United Nations Headquarters in Geneva to discuss the role of regulatory bodies in supporting the United Nations goals for sustainable development and the Paris Agreement on Climate Change and with the participation of many representatives of regulatory bodies, stock exchanges, international investment banks.
Dr. Omran emphasized that the participants agreed on seven key areas that regulators can do to support sustainable financing and the green economy in the light of the United Nations initiative for sustainable development and the Paris Climate Change Agreement. These include monitoring and facilitating the growth of investments, supporting sustainable development in the areas of environment, social responsibility and governance (ESG) as well as encouraging investors to take into account the aspects of sustainability upon taking their investment decisions.
Also, the participants agreed on the importance of financial culture and the need to raise awareness of the goals of sustainable development and climate change through workshops and communication with officials and policy makers to clarify the revenues to finance the goals of sustainable development and the Paris Agreement on Climate Change.
In addition, Dr. Omran revealed that he will work hard in the coming months in cooperation with the Advisory Group to prepare a final working paper to be presented at the World Investment Forum to be held at the United Nations in Geneva in October this year including 3000 participants.