ADX rolls out benchmark sustainability index ahead of COP28: The Abu Dhabi Securities Exchange (ADX) unveiled its inaugural FTSE Environmental, Social, and Governance (ESG) benchmark index, developed in partnership with FTSE Russell, according to a statement.

How will it work? The index will assess companies’ annual performance based on their ESG scores and public performance reports to encourage firms to ramp up their ESG and sustainability investments. The new index will initially feature 24 companies listed on both the ADX and the FTSE ADX General Index.

What they said: “By utilizing ESG scores sourced from LSEG Data & Analytics, we aim to provide a transparent and objective measure of companies' ESG performance. This announcement aligns perfectly with our broader partnership with ADX, as we work together to deliver a world-class suite of indices that cater to the needs of both retail and institutional investors, locally and globally,” FTSE Russell CEO Fiona Bassett said.

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