Embracing your ESG reporting narrative
Examining sustainable value creation for your organisation in the evolving Middle East ESG landscape. In order to advance the sustainability agenda, regulators in the region have responded by putting in place requirements for disclosing the ESG performance for businesses by issuing guidelines on ESG reporting. The ESG reporting requirements are mandatory for certain entities in the UAE and Egypt, whereas they are voluntary in Qatar and KSA. We expect that the reporting requirements are going to be more stringent with sector-focus, entity-focus (public vs private and/or financial scale) providing the reporting context. These are expected to eventually be made mandatory in the near future to support the national ambitions on ESG - something businesses need to be ready for.
