Sustainability Reports: From Optional to Mandatory
Dr. Hisham talks about the global shift toward mandatory disclosure of sustainability information (ESG), and how Saudi and Gulf businesses now face the necessity of understanding and adopting these standards, especially with the directives of the Capital Market Authority and the aspirations of Vision 2030.
Key Topics of the Conversation
- The concept of sustainability reporting and environmental, social, and governance (ESG) disclosure standards
- The difference between traditional financial reports and integrated sustainability reports
- How companies use financial data as a strategic decision-making tool
- The role of accounting in measuring and reporting social and environmental impact
- The Saudi Capital Market Authority’s direction toward mandatory sustainability reports
- How sustainability reports improve companies’ ratings in the eyes of investors
- The practical challenges of applying sustainability standards in local companies
Accounting and Its Role in the Future of Sustainable Business
The core message of this episode: financial data is no longer confined to shareholders and accountants, but has become a tool for dialogue between companies and society, the environment, and investors. The business that masters reading its financial figures from a sustainability perspective has a clearer vision of its future.
