WSP Middle East’s Corporate Sustainability Lead, Daniel Gribbin recently penned a thought leadership article offering insights and solutions about how organisations in the Middle East can improve transparency as the global investing community increases its appetite for improved financial disclosures and greener horizons.
Featuring in Arabian Business, the article discusses the environmental and economic merit of Environmental, Social and Governance (ESG) investments and projects the need for a firmer pledge from companies in the Middle East to reduce emissions, disclose financial risks related to climate change, and intensify the actions and investments needed for a sustainable low carbon future.
The opinion article also links to WSP’s recent study titled ‘Advancing Meaningful Climate Action Through TCFD Disclosure’, which found that whilst climate-related financial disclosures are gaining popularity, more work needs to be done. “Regionally, the Middle East has only two entities, First Abu Dhabi Bank and the UAE Insurance Authority, which have committed to supporting the TCFD. This highlights that whilst we have an increased level of companies reporting on ESG topics, we still have a long way to go,” Daniel said.
To find out more about WSP’s ‘Advancing Meaningful Climate Action from TCFD Disclosures’ white paper, click here or contact [email protected].
To read Daniel’s full article in Arabian Business, click here.