News

Mena companies falling short in ESG data disclosure

ESG, Clarity AI, More than 80% of publicly-listed Mena-based companies do not report any quantitative sustainability metric, according to recent research. The study, commissioned by Clarity AI, took a sample of 40,000 publicly-listed companies and found that just 30% disclose at least one quantitative sustainability metric. However, the companies in Mena fell well below this global average. While 44% of North American and 40% of European public companies are fulfilling this reporting obligation, the figure drops to just 11% for the Mena region. The study also shows that Mena companies lag others in terms of their sustainability performance. This includes the presence of females in senior executive positions. For example, there are three times as many female directors in European companies as opposed to Mena companies. The report comes just weeks before European fund managers are due to file their reports for the EU’s Sustainable Finance Disclosure Regulation, which comes into force in January 2023. The lack of available data will force managers to use estimated data to complete their reports. “Public companies worldwide have a long way to go in reporting even the simplest sustainability metrics,” said Patricia Pina, head of product research and innovation. ©2022 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.