In a significant initiative, Ajman University, in partnership with the Ajman Department of Finance, launched a research competition focused on financial sustainability. The competition encouraged participants to explore how financial institutions can help the UAE achieve its ambitious Net-Zero and climate resilience goals, aligning with the UAE’s Vision 2050.
One standout project, "Factors A+ecting Financial Institutions' Strategies to Meet the UAE's Net-Zero and Climate Resilience Objectives," delved into the key strategies financial institutions can use to support these national objectives. The research highlighted the role of green finance, technological advancements, and climate risk management in driving sustainability eMorts across the financial sector. A central recommendation from the research was the establishment of a Sustainable Finance Innovation Hub (SFIH). This hub would bring together financial institutions, experts, and stakeholders to foster green investments and innovative financial solutions.
It aims to play a vital role in supporting the UAE’s transition to a sustainable and climateresilient economy.
Ajman University’s collaboration in this competition reflects its commitment to sustainability and highlights the importance of academic research in supporting the UAE's environmental and financial goals. The initiative also showcases the collaborative eMorts between educational institutions and government bodies in addressing key challenges in sustainable development.
To read the research paper, click here.
This research paper has won first place in the Financial Sustainability Academic Research Paper Competition by Masar Career Excellence and Department of Finance- Ajman Government.