Bahrain Bourse Receives “Best ESG Initiative” Accolade by Pan Finance Awards

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Wednesday, August 11, 2021
Bahrain Bourse, a self-regulated multi-asset marketplace, has been accorded with a prestigious award by PAN Finance Awards for “ESG Initiative of the Year” – Bahrain category. Pan Finance Journal recognizes international corporations for their excellence and is a trusted indicator of eminence, making this award a symbol of Bahrain Bourse’s notability and effort towards more sustainable practices within the capital markets.

PAN Finance is an online journal that provides worldwide intelligence of finance and global economics. Every year, the journal holds their annual PAN Finance Awards programme to identify and recognise organizations and individuals that are excelling in their respective fields, to applaud leading examples for their practices.

Bahrain Bourse being awarded this reputable accolade reflects its efforts to promote sustainability and transparency in the Kingdom’s capital market, since the launch of the voluntary Environmental Social & Governance (ESG) Guideline for listed companies demonstrates BHB’s commitment to encourage issuers to fully embrace ESG disclosures. The guidelines have been drafted to ensure alignment with Bahrain Economic Vision 2030 and the UN Sustainable Development Goals (SDGs), and World Federation of Exchanges Sustainability Principles and UN Sustainability Stock Exchanges Initiatives recommendations.

Commenting on the PAN Finance award, Shaikh Khalifa bin Ebrahim Al-Khalifa, the Chief Executive Officer of Bahrain Bourse said, “We are proud to have Bahrain Bourse be awarded and recognized for its efforts to promote responsible sustainability practices, and this achievement reflects our commitment to assist and support listed companies in gaining better understanding of the importance of ESG disclosure. Sustainability is at the forefront of our strategic practices, and we will continue to set the standard for sustainability best practices within the capital markets.”

Marwa AlMaskati, Director of Marketing & Business Development of Bahrain Bourse, commented on this occasion, “Our aim is to increase awareness of the importance of addressing ESG disclosures followed by our dedication to implement sustainability within Bahrain’s capital market. This has contributed to achieving this distinguished award by the PAN Finance Journal, and we look forward to further positioning Bahrain’s capital market at the front run within the sustainability landscape.”

Bahrain Bourse has received notable recognitions across different facets of its business operations including: Best Corporate Governance and Work Life Balance by Global Banking & Finance Awards – 2021, Excellence in Customer Service Award via the National Suggestions & Complaints System 'Tawasul' – 2020, Award Level 3 in Information Security Forum ‘Thiqa’ – 2019, Award for Corporate Governance by World Finance – 2014, Best Corporate Governance, GCC by Capital Finance International – 2013 which is a testament to its continuous efforts to improve in various aspects.