Reimagining our region through ESG: The 2022 Middle East report
October 27, 2022
PwC Middle East conducted a survey to better understand the level of ESG maturity in the Middle East region and to explore the main ESG issues facing organisations. Here is a summary of the findings:
- There is a lack of alignment between corporate and government ESG priorities. However, climate change and diversity & equality do rank highly for the government and corporates, which shows some synergies.
- Only 18% of respondents say their companies had teams and systems in place to cover the full remit of ESG functions.
- Businesses want clearer government policies and regulations to support ESG efforts. 86% of large companies said increased ESG regulation would strengthen and accelerate the implementation of their own ESG strategies.
- The top 3 priorities for Middle East organisations over the next 12 months are: Diversity & equality (32%); Climate change (31%); Safety & standards (29%); Organisational culture &values (27%); Transparency & reporting (26%).