MSX has announced that all publicly listed companies in Oman will be mandated to report on their 2024 activities and initiatives, starting in 2025 as stated in the MSX ESG Disclosure Guideline document.
By following these guidelines, companies can publicly disclose ESG information that communicates their commitments and activities while addressing key stakeholders, including investors, clients, partners, suppliers, and employees.
What does this mean for your company?
Preparation is key, you have a small window to begin getting your ESG reporting processes in place (Whilst reporting is still voluntary) in preparation for mandatory reporting in 2025.
Now is the time to start reviewing options to support your reporting journey, digitalizing your ESG data and consolidating it all into one platform is proven to be the most cost-efficient and effective approach.
Digitalizing your ESG reporting has a whole host of benefits, one of the biggest being the time that is saved on preparing traditional reports that can be better spent on R&D and driving innovation to deliver greater sustainable results for your company.
Other important benefits include:
Saving cost: By automating your reporting process through a centralised system
Increased efficiency: Streamlined data collection through a centralized dashboard, resulting in reduced time consumption
GCC compliant: Being compliant with all 29 GCC ESG Disclosure Metrics to simply reporting for the GCC region
Comprehensive: Regularly updated with the latest frameworks & standards
Adaptable: Capable of being customized to suit individualized disclosure checklists (Adjust your reports for different authorities, in different formats with a few clicks)
Customizable: To suit individualized disclosure checklists, allowing you to adjust your reports for different authorities in various formats with just a few clicks
Languages: Available in multiple languages including Arabic, so reports can be generated for different countries when required
We work with a leading European software solution partner to provide our clients in the GCC with a comprehensive all-in-one solution for managing, analyzing, and reporting your ESG and sustainability-related data.
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If you’d like to find out more and book a complimentary demostriation today, simply reply to this email.
Sincerely,
Mayank Naithany
Business Development Manager, Middle East