sustainable financegreen taxonomydesignation marks
This ADGM supplementary guidance provides additional information on the rules for granting designations and using associated marks for ADGM Green Funds, Climate Transition Funds, Portfolios, Bonds, and Sukuks. The designations are voluntary and signify that the recipient invests in green or greening economic activities according to applicable rules, but are not a guarantee of compliance.
Key requirements
- ADGM Green Funds can choose any published, credible, and independent green taxonomy to assess the environmental sustainability of their assets.
- Persons must receive appropriate permission from the Regulator to use the relevant mark corresponding to the designation received.
- Fund Managers are given flexibility to select the most suitable taxonomy considering the strategy of the Fund.
Applies to: Authorised Persons operating within ADGM who are seeking designations for Green Funds, Climate Transition Funds, Portfolios, Bonds and Sukuks