UAE Virtual Asset Regulatory Authority (VARA) Regulations
Company Rulebook – UAE Virtual Asset Regulatory Authority (VARA) Regulations

UAE Virtual Asset Regulatory Authority (VARA) Regulations CO-V: Company Rulebook V: ESG disclosure

What does CO-V require?

VARA sets each firm's ESG disclosure level at licensing (voluntary, compliance or mandatory) based on staff, turnover and business model, and the firm should apply one ESG standard across its group at the highest applicable level. Voluntary level follows VARA best-practice guidance; compliance level explains ESG strategies (including mining or staking) and may have to publish them; mandatory level requires awareness practices and an annual ESG report on governance, metrics and targets for sustainability, diversity and inclusion, their place in strategy, and the climate impact of data-intensive activities, plus published diversity initiatives. VARA may publish ESG information anonymously.

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