The rapid growth of ESG and sustainable finance in the GCC region offers substantial opportunities, but also entails significant associated risks.

Introduction -

The Gulf Cooperation Council1 region (GCC Region) is particularly vulnerable to the challenges of sustainability and the impact of climate change. 2 Various GCC Region member states have announced ambitious public commitments to achieve sustainability targets and reorientate their economies away from hydrocarbons towards renewables, clean energy, and sustainable technology.3 ESG and sustainable finance are critical to attract and facilitate the investments required to meet these targets. These investments will ultimately help the GCC Region to achieve its long-term economic and sustainability goals.