The Environment Fund (EF) announces compliance with the Global Investment Performance Standards (GIPS®) from the Chartered Financial Analyst (CFA) Institute. This announcement comes in line with the Environment Fund's commitment to implementing the best global practices in investment performance by complying with the Global Investment Performance Standards (GIPS®), reflecting its continuous commitment to applying the best global practices and the principle of transparency in all its investment activities. The GIPS standards, introduced in 1999, are global voluntary standards based on the fundamental principles of full disclosure and fair representation of investment performance. The CFA Institute administers the GIPS standards globally, and over 1,700 firms and asset owners in 48 markets worldwide have adopted them. The Environment Fund is among the first Asset Owners in Saudi Arabia and the region to claim compliance with the GIPS Standards (GIPS®). The EF Acting Chief Executive Officer, Muneer Al-Sahli, said: "The Environment Fund's compliance with the Global Investment Performance Standards (GIPS®?) reflects the fund's commitment to apply best practices in Asset Management and provide investment performance reports to the Board of Directors and stakeholders in accordance with best practices globally which are based on the principles of transparency and full disclosure." Taghreed Alhurasen, EF's Chief Investment and Treasury Officer, said, "The Environment Fund is committed to continuously achieving the highest levels of efficiency in managing its investments. Complying with these standards is an indicator of the quality of governance procedures, performance measurement systems, and risks associated with investment portfolios." The President of CFA Society Saudi Arabia, Fahad Kordi, said in a statement. "We applaud the Environment Fund for making the voluntary decision to comply with the GIPS® Standards and being among the first Asset Owners in Saudi Arabia and the region to claim compliance with the Stand ards, which contributes to the development of the investment industry in Saudi Arabia." The Environment Fund was established to achieve the goals of the Kingdom of Saudi Arabia's Vision 2030 by contributing to the financial sustainability of the environment and meteorology sectors, providing the necessary resources for their development through optimal capital investment, supporting environmental programs, studies, and initiatives, promoting environmentally friendly technologies, enhancing environmental performance and rehabilitation programs, and supporting operational budgets for environmental and meteorological centers. Source: Saudi Press Agency