The recent news of Financial Times Stock Exchange
("FTSE") 100 companies failing on credible climate
transition plan has wider implications in the context of the
current environmental, social and corporate governance
("ESG") reporting landscape in the MENA region. This
raises questions about how large firms and companies in the region
compare regarding credible transition plans.
To unpack the criteria for 'credible', we can look at
various factors, such as company's commitment to reducing its
carbon footprint, its efforts to adopt renewable energy sources,
its support for sustainable practices, and its transparency in
disclosing its climate risks and impacts.
The business environment in this area has been mostly concerned
with financial issues. Corporate Social Responsibility
("CSR") activities, which were mostly comprised of
voluntary efforts by specific governmental entities and stock
exchange authorities to encourage compliance, played a significant
role in
