The DFSA adopts the UAE principles for the effective management of climate-related financial risks ahead of COP28

Dubai, UAE, 16 November, 2023: The Dubai Financial Services Authority (DFSA), a founding member of the UAE Sustainable Finance Working Group (SFWG), took a significant step by adopting, alongside other financial regulators of the UAE, the Principles for the effective management of climate-related financial risks (the Principles). This is the Middle East region’s first initiative of this nature. Last Thursday, the DFSA, together with other members of the SFWG, attended an official ceremony hosted by the Central Bank of the UAE to launch the Principles.