The Astana Financial Services Authority (AFSA) has issued a Consultation Paper on the proposed AIFC Environmental, Social and Governance (ESG) Disclosure Guidance to seek suggestions from the market.
AFSA proposes to introduce ESG Disclosure Guidance for Banks, Fund Managers and Insurers. The proposed guidance aims to support these financial entities in integrating ESG factors into their reporting and decision-making processes, fostering a more sustainable and responsible financial ecosystem in the AIFC. As a starting point, AFSA proposes the introduction of voluntary ESG disclosure. This initial phase allows relevant firms to familiarise themselves with best practices, adapt their operations and reporting processes, and demonstrate their commitment to sustainability.
The deadline for providing comments is 6 September 2024. Once we receive your comments, we shall consider if any refinements are required to this proposal.
AFSA prefers to receive comments by email at [email protected].
The Consultation paper can be accessed via the link: https://orderly.myafsa.com/articles/consultation-paper-afsa-p-ce-2024-0010-from-5-august-2024-on-consultation-paper-on-the-aifc-environmental-social-and-governance-disclosure-guidance