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Home News CMA encourages use of technology to enhance ESG data collection and reporting in the capital markets

CMA encourages use of technology to enhance ESG data collection and reporting in the capital markets

21 December 2023NewsMarrakech Pledge

The Capital Markets Authority (CMA) has emphasized the importance of adopting advanced technologies, such as Artificial Intelligence, to improve ESG data collection and transparency in reporting. CMA Chairman, Mr. Ugas Mohamed, highlighted the role of structured ESG frameworks in evaluating companies’ sustainability and ethical practices, aligning with global investor expectations. During the recent ASEA conference, discussions focused on Kenya’s growing ESG adoption, with the Nairobi Securities Exchange (NSE) collaborating on new frameworks and planning a climate-focused index to drive further progress. CMA also praised the ISSB’s global standards on sustainability and climate-related disclosures as a key benchmark for future reporting.

Read more : https://www.cma.or.ke/cma-encourages-use-of-technology-to-enhance-esg-data-collection-and-reporting-in-the-capital-markets/

 

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The « Marrakech Pledge » for « Fostering Green Capital Markets in Africa » is a commitment by all African Capital Markets Regulators and Exchanges to act collectively in favor of sustainable development by enabling the establishment of Green Capital Markets in Africa with the aims to promote Africa as a prominent regional green financial marketplace and an attractive destination for green and climate-resilient investments.

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