The Bahrain Bourse is collaborating with the Oxford Business Group or OBG to monitor companies listed on it, said local reports on Thursday, September 23.
As part of the deal, OBG is expected to produce a series of individual reports and other research tools to track the environmental, social and governance (ESG) reporting of the aforementioned companies.
The ESG research tools will be available alongside OBG’s other business intelligence resources, including a range of country-specific growth and recovery outlook articles and interviews.
Bahrain Bourse issued its ESG Voluntary Reporting Guideline for listed companies in June 2020.
The guideline was aimed at increasing awareness and understanding the importance and benefits of ESG reporting.
It was also meant to help listed companies address ESG issues in their reporting to meet the requirements of institutional investors for material ESG information.
The bourse, also known as BHB, has been reporting on its own ESG disclosures for the second consecutive year.
Bahrain Bourse also issued recently its Investor Relations Best Practice Guide.
OBG research is expected to analyze the steps that publicly listed companies are taking to adopt and fully embrace ESG disclosures.