MUSCAT: The Capital Market Authority (CMA) showcased its commitment to green and sustainable finance within the non-banking financial sector during the World Investor Week 2023 (WIW) forum, which concluded on Thursday.
The virtual session was hosted by Ahmed al Mukhaini (pictured), CMA expert – Office of the Executive President. It underscored CMA's unwavering dedication to fostering responsible and sustainable financial practices, setting the stage for an insightful exploration of green finance and its crucial role in shaping the future of finance and sustainable development.
The virtual gathering served as a platform for experts, policymakers, and stakeholders from various sectors to delve into the intricacies of green finance and its influence on the future of finance and sustainable development.
The meeting featured enlightening presentations, discussions, and interactive sessions.
One of the meeting's highlights was the introduction of guidelines for creating a national roadmap in the non-banking financial sector, aligning with green and sustainable finance criteria.
This initiative aims to align Oman's financial landscape with the strategic objectives outlined in Oman Vision 2040, with a strong emphasis on developing innovative financial products while preserving Oman's rich cultural and natural heritage.
The meeting also emphasized the implementation of outcomes from the Zero Neutrality Lab, particularly in relation to financing projects that contribute to the nation's strategic goals of achieving a zero-carbon footprint.
The roadmap stresses the importance of projects that support sustainable development objectives.
Additionally, the meeting underscored the need for sound governance practices in the non-banking financial sector, especially within the context of green and sustainable finance, aligning with Oman's commitment to triple governance.
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