PWC: Environmental, Social and Governance: Reimagining our region
April 12, 2022
We believe that Environmental, Social and Governance (ESG) imperatives will accelerate the massive and fast transformation of our region.
Curious to know more? Explore market-based data and indicators driving urgent ESG action. Then, access industry insights based on your unique challenges—so that you can learn, assess and plan your next move.
Step 1. What’s ESG all about?
- Environmental - Take action on climate issues to minimise impacts, capture opportunities and deliver value to all stakeholders.
- Net zero and decarbonisation - Achieving this means tackling emissions from a company's entire value chain.
- Circular economy - It's predicted the GCC could save $138 billion by 2030 through following circular economy framework.
- Waste management - Saudi Arabia has announced a huge investment into waste recycling as part of the Vision 2030 strategy.
- Water resource and management - With the MENA region being the most water scarce worldwide, we believe this should be higher on the ESG agenda.
- Biodiversity - An increasing priority on Government agendas, Middle East's biodiversity threats are concerningly high in some countries - spanning across plants, mammals, marine life and birds.
- Social - Create enterprise value and enhance public trust by addressing, managing and communicating societal commitments.
- The future of work - Big regional investment plans are taking place over the next 3 years.
- Localisation - Over 5 years, Saudi Arabia's defense sector had a rise in local content to 2% to 8%. Successful ESG will have a similarly significant impact.
- Diversity and inclusion - It's high on Middle East CEO agendas. Is your company tackling D&I issues head on?
- Data privacy - Double digit investment figures are in the 3-year plans for cybersecurity and new data privacy legislations are driving consumer demands around transparent use of personal data.
- Governance - Without governance and oversight, ESG won't unlock your company's potential. Learn how leading firms set the pace.
- ESG reporting - As ESG reporting rises in importance in the region, this can't be overwhelming. We're able to help you realise your reporting agenda.
- Board diversity - Most corporate directors agree that companies should be doing more to promote gender racial diversity in the workplace.
- Corporate governance - Directors say that companies should prioritize a broader group of stakeholders - not just stakeholders. Does your full board understand your ESG positioning and risk stance?
- Cyber security - More than half of the Middle East CEO's surveyed say that cyber risks will have a negative impact on their company in the next 12 months; Are you protected against cyber threats?
Step 2. What are the latest ESG insights?
- Reimagining our region through ESG: The 2022 Middle East report
- ESG Impact Centre: Regional expertise delivering meaningful insights
- The agenda of the future for GCC banks - Environmental, social, and governance awareness represents a business opportunity for many.
- Greening the barrel - Translating net-zero ambitions into action in the oil and gas industry
- Society 5.0 - Explore the human centric virtual world of the future
Step 3. What's on your ESG agenda?
- Sustainability and environment - We help clients in the Middle East unlock opportunities for growth and innovation in the transition towards a green, sustainable future.
- Local content - We help clients bolster local content to drive in-country value creation, strengthen resilience amid global economic uncertainty, and stimulate sustainable growth.
- Economics and sustainability - We help business and government leaders to navigate some of their most critical questions.
- Navigating data privacy regulations - New data privacy and protection legislations, both globally and within the region, are driving consumer demands around trustworthy and transparent use of personal data. Privacy regulations protect the rights of the individual (the data subject) with respect to fair and lawful collection and use of their personal information by organisations. Non compliance can result in fines and reputational damage.