Abdur Sharjeel
Business Advisory
What is ESG?
At BDO, we view sustainability through the universally recognised ESG framework - environmental, social and governance matters. Using the ESG framework helps to unpack the wide-ranging risks and metrics that fall under the term ‘sustainability’. ESG cuts across the functions of a business to assess how an organisation manages risks and creates long-term value.
Overview:
Saudi Arabia is undergoing a sustainability transformation under Vision 2030, which places sustainable growth at the heart of the Kingdom's agenda and aligns with the global Sustainable Development Goals (SDGs). In this context, Environmental, Social, and Governance (ESG) factors have become critical for organizations to create long-term value and meet the expectations of all stakeholders – from regulators and investors to customers and communities. Regulatory bodies like the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul) are introducing ESG disclosure guidelines, signaling a shift towards sustainability reporting. At the same time, new global standards (such as the ISSB’s IFRS S1 and IFRS S2 for sustainability and climate disclosures) are ushering in a new era of transparency, fully incorporating frameworks like SASB and TCFD to improve trust in company disclosures. BDO Dr. Mohamed Al Amri & Co. in Saudi Arabia offers comprehensive ESG and sustainability services to help businesses navigate this evolving landscape, integrate sustainability into strategy and operations, and contribute to national and global sustainability targets.