2024 | Capital Market Development Authority - Maldives
ESG Reporting Framework
The Project
- Strengthening the country’s financial market in a sustainable way and contributing to preserving its rich biodiversity
- Defining state of the art sustainability reporting practices for the Maldivian economy
Our Role
- Developing a sustainability framework for listed and foreign companies operating in the Maldives in partnership with the Maldivian financial regulatory body
- Foster the attraction of foreign sustainable capital through the creation of a sounding board to boost sustainable practices and businesses in the Republic.
Our Impact
- First ESG assessment and reporting framework for the country’s 9 listed companies – $2 billion market cap
- Expected creation of $440 million of new sustainable investments in a capital market*