BUSINESS REPORTER
DUBAI, dec 5
Oman Environmental Services Holding Company (be’ah), a subsidiary of Oman Investment Authority (OIA), signed a memorandum of understanding (MoU) with finance company MSCI Inc, to boost Environmental, Social and Governance (ESG) practices in Oman.
The agreement was signed by Eng Tariq al Amri, Chief Executive Officer of be’ah, and Henry A Fernandez, Chairman and Chief Executive Officer of MSCI.
In a statement, Al Amri outlined how the agreement will help achieve Net-Zero and sustainability objectives of Vision 2040. “We believe that through our new partnership with MSCI, we can deliver our strategies to scale sustainability across the country by supporting Omani companies to adopt innovative and effective ESG solutions. By improving ESG performance on an enterprise level, we can realise be’ah’s mission and enable the Net-Zero and sustainability objectives identified in Oman Vision 2040.”
MSCI CEO Henry Fernandez emphasised the role sustainability plays in global investing. “An increased focus on sustainability continues to reshape global investing, and MSCI is proud to help advance sustainable practices in Oman. Our solutions can provide a clear framework for understanding long-term risks and opportunities across industries,” he added.
ESG, which stands for Environmental, Social and Governance, refers to a framework used by investors in order to make socially responsible investments.
Oman Observer is now on the WhatsApp channel. Click here
