In January 2021, HSBC published its Sustainable Financing and Investing Survey 2020 – Middle East, according to which, “(c)hanges in attitude towards green infrastructure, social welfare and sustainable finance are taking place in the Middle East, North Africa and Turkey (MENAT) region.”
The executive summary notes:
- “ESG factors are growing in importance across the Middle East region, with 93 per cent of issuers and 65 per cent of investors citing the benefits of incorporating them.
- Social welfare in the region has been brought into focus as a result of the COVID-19 pandemic.
- The region is seeing greater engagement with sustainable finance with 2 in 3 investors saying social issues specifically are more important than before.
- Reporting alignment to SDGs is high in the region.”
You can read key findings and download the survey from the HSBC internet site.