ASE ESG Scores: From Compliance to Measurable Performance

ESG adoption in the MENA region is no longer a question of whether companies disclose sustainability information, but how well that information reflects real performance. The Amman Stock Exchange (ASE) ESG scores highlight a market moving decisively beyond basic compliance, with listed companies strengthening governance practices and expanding the quality of ESG disclosures.

While ASE has made meaningful progress in standardizing ESG expectations, most ESG assessments in the region—including broad MENA ESG ratings and MENA ESG indices—still focus heavily on disclosure presence rather than performance depth. This creates challenges for investors and stakeholders seeking consistent, comparable, and decision-ready ESG insights.

When looking at these three stock exchanges together, we see a clear evolution in ESG maturity across the region.

• The Amman Stock Exchange (ASE) represents the stage of rapid acceleration — building governance consistency and expanding ESG data quality.
• The Muscat Stock Exchange (MSX) demonstrates consolidation and integration — companies moving from compliance to measurable performance, supported by strong alignment with national sustainability goals.
• Finally, the Bahrain Bourse (BB) stands as a benchmark of maturity and leadership, where ESG practices are embedded and transparency standards meet international expectations.

Together, these three stock exchanges form a regional continuum of ESG progress, showing how MENA markets are evolving from awareness to leadership — and how the WADI Rating methodology brings consistency, traceability, and comparability across this journey.

WADI Rating addresses this gap by applying a uniform, research-based ESG methodology across MENA markets, including companies listed on the ASE. Instead of ranking markets in isolation, WADI enables transparent comparison of ESG maturity, governance quality, and sustainability performance—regardless of where a company or exchange sits on its ESG journey.

As ASE ESG scores continue to evolve, the shift from compliance to measurable performance will define the next phase of sustainable capital markets in the region. Reliable, comparable ESG ratings will be essential in supporting that transition.