Dr. Mohammed Omran – FRA’s Chairman participated in the World Investment Forum under the auspices of the United Nations Conference on Trade and Development (UNCTAD) at the headquarters of the Organization in Geneva, Switzerland. This comes within the framework of the Global Dialogue of the United Nations Sustainable Stock Exchanges (SSE) initiative where Dr. Omran Chaired the Advisory Group of an initiative entitled “The Role of Capital Market Regulatory Authorities in Supporting the United Nations Sustainable Development Goals”.
SSE Global Dialogues that is held once every two years is considered as a unique gathering of its kind. It is designed to bring together market leaders to exchange views on best practices and global challenges in financial markets to enhance transparency and performance in aspects of Environmental, Social and Governance (ESG) Criteria and then promote sustainable financing.
This year’s Global Dialogue witnessed the launch of a report entitled “How Financial Market regulators can support Sustainable Development Goals: Sharing Experiences to Promote Sustainable Financing”. More than 70 global experts participated in preparing this report. FRA’s Chairman presented 35 operational cases from 19 global markets; also, the report included the views, experiences and contributions of the speakers during the period set for preparing this report that took about six months.
In his opening remarks – Dr. Mohammed Omran as the Chairman of the initiative’s advisory group – stated that the process of achieving sustainable development goals requires creating more sustainable and transparent capital markets aimed at supporting sustainable financing and needs the contributions of all participants from the market, industry experts and policy makers. He added that this process also needs introducing new tools to promote growth through investments in sustainable development such as developing green bonds and green financing in general. This report provides a constructive framework and a practical set of illustrative examples aimed at supporting global capital market regulators to enable them to promote investment in sustainable development.
FRA’s Chairman emphasized that the financial regulatory authorities can promote more stable and flexible financial system that better supports sustainable development goals through five main axes: guiding and supporting investments towards achieving sustainable development goals, enhancing disclosures related to aspects of Environmental, Social and Governance (ESG) Criteria. Besides, making use of sustainability criteria upon taking investment decisions, strengthening governance to achieve corporate sustainability, and finally building capacity and expertise in sustainable development.
The meeting was composed of 30 speakers, including a group of heads of regulatory bodies and international stock exchanges, including the Egyptian Stock Exchange, as well as a group of other participants from international institutions, banks and investment funds.
It is worth mentioning that Dr. Mohammed Omran was chosen by the United Nations to manage this initiative due to his experience and efficiency in the financial markets. He is also one of the founders of this initiative, which was joined by five international Exchanges in 2012, including the Egyptian Stock Exchange where he was EGX Chairman in that period.