Jordan Securities Commission Highlights Governance and Sustainability as Key Drivers of Capital Market Competitiveness

The Jordan Securities Commission (JSC) has reaffirmed its commitment to strengthening Jordan's capital market by advancing governance and sustainability practices that align with international standards and support long-term economic growth.
During her participation in a high-level panel discussion on the role of governance and sustainability in enhancing capital market competitiveness, H.E. Razan Al-Shafei, Commissioner of the Jordan Securities Commission, emphasized that the Commission's adoption of the Environmental, Social and Governance (ESG) Code—aligned with the IFRS S1 and IFRS S2 Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB)—marks a strategic milestone in the continued development of Jordan's regulatory framework.
She noted that the ESG Code will enhance corporate transparency, improve the quality of sustainability disclosures, strengthen investor confidence, and support the objectives of Jordan's Economic Modernization Vision.
Commissioner Al-Shafei explained that implementation of the ESG Code will commence with companies listed on the ASE20 Index, representing Jordan's largest and most influential listed companies. This phased approach is designed to position these companies at the forefront of ESG integration, strengthen their readiness to meet evolving international investor expectations, and enhance their access to regional and global capital markets.
She further emphasized that the Commission's role extends beyond regulatory oversight to include capacity building, market awareness, and practical guidance that supports listed companies in implementing sustainability disclosure requirements through a balanced, proportionate, and phased approach.
Commissioner Al-Shafei stressed that the successful implementation of the ESG Code requires close collaboration among boards of directors, audit committees, and executive management to embed the principles of governance, transparency, accountability, effective risk management, and sustainable value creation into corporate decision-making.
Concluding her remarks, Commissioner Al-Shafei stated:
"Governance and sustainability are no longer viewed solely as regulatory requirements; they have become strategic enablers of investor confidence, corporate resilience, sound decision-making, and long-term economic competitiveness."
She reaffirmed the Jordan Securities Commission's commitment to continuously enhancing Jordan's regulatory framework in line with international best practices, fostering a more efficient, transparent, and competitive capital market that supports sustainable economic growth and further strengthens Jordan's position as a leading regional investment destination.