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ESG Code

Published By : Jordan Securities Commission | Consultation Type : Policy |

Economy and business Population and Community

Subject of consultation
Activities
Full legal text

Objectives

‌ب. This Code applies to all companies listed on the Amman Stock Exchange, with mandatory application initially limited to companies included in the ASE20 Index, in line with a phased implementation approach. Starting from the 2027 financial year, ASE20 companies are required to apply the Code under an “apply and explain” principle, ensuring transparent disclosure of how sustainability-related risks and opportunities are governed, managed, and reported following IRFS. ‌ج. The scope of application will be expanded to other listed companies at a later stage, as determined by the Jordan Securities Commission (JSC). The Code is to be read in conjunction with applicable laws and regulations, including the Companies Law and relevant regulatory instructions, and is aligned with internationally recognized standards..

Summary

The Jordan Securities Commission (JSC) announces the publication of the Environmental, Social, and Governance (ESG) Code for public consultation with companies listed on the Amman Stock Exchange ASE20 Index, alongside key stakeholders and market participants. This Code represents a strategic milestone in advancing Jordan’s capital market, reinforcing JSC’s commitment to building a transparent, resilient, and future-ready investment environment aligned with global sustainability expectations. Developed in response to accelerating global shifts in sustainable finance, the ESG Code establishes a robust framework for governance, risk management, and disclosure of sustainability-related risks and opportunities, enabling companies to better position themselves for long-term value creation and competitiveness. The Code is fully aligned with the global baseline set by the International Sustainability Standards Board (ISSB), including IFRS S1 and IFRS S2, positioning Jordan among markets proactively adopting internationally recognized sustainability disclosure standards. Implementation will follow a phased approach, with ASE20 listed companies forming the first group required to apply the Code starting from the 2027 financial year under an “apply and explain” principle. This approach ensures both accountability and flexibility, while driving meaningful integration of ESG practices into corporate strategy and reporting. Through this initiative, the JSC aims to enhance investor confidence, improve the quality and comparability of disclosures, and strengthen Jordan’s positioning as an attractive destination for sustainable investment. The JSC invites all relevant stakeholders to provide their feedback and insights on the Code, as part of a collaborative process to ensure its effective implementation and alignment with both market realities and international best practices.