Skip to main content

LIBF MENA releases whitepaper on how satellites, artificial intelligence and machine learning can help firms measure their ESG exposures

  • A whitepaper from The London Institute of Banking & Finance MENA examines how the current surge in 'environmental, social, and governance' (ESG) awareness in the Middle East has caused a major shift in the region's financial services ecosystem.
  • Given the upcoming UN Climate Summits (COP 27 and 28) will be hosted in the MENA, the region is expected to take even greater strides in ESG led practices.

 

Abu Dhabi, UAE -- (ARAB NEWSWIRE) -- The London Institute of Banking & Finance MENA (LIBF MENA) – an internationally recognised organisation delivering outstanding financial education to banks and other organisations in MENA – today released a whitepaper with the title How FinTech can help firms measure their ESG exposures.

 

There are several dimensions to this particular challenge. First, supply chains are large and complex. Globally, the average 'original equipment manufacturer' (OEM) has about 50,000 suppliers, many of which are small and medium-sized enterprises that have limited ability to collect data.

 

Second, regulations on disclosure of ESG matters are being tightened, in line with the requirements of the Task Force on Climate-Related Financial Disclosures (TCFD). For businesses, the potential costs of non-compliance are rising.

 

However, companies will be hard-pressed to meet ESG reporting standards. According to consultants McKinsey, carbon accounting systems now are much like cost accounting systems of 40 years ago. There is a lack of broadly accepted standards and software systems that can generate the reports that are needed.

 

Technology will provide the answers. Geo-analytic firm, Kayrros, for instance, uses satellites, artificial intelligence (AI) and machine learning (ML) to provide its clients with data on environmental issues. Bigtech firms like Salesforce could also have a key role to play.

 

 

Regional focus

 

This whitepaper examines how the current surge in environmental, social, and governance (ESG) standards in the Middle East has caused a major shift in the financial services industry. The region has been seeing an increase in sustainable finance transactions from the  private and the public sectors. Decision-makers in both are increasingly incorporating ESG considerations.

 

Given that the upcoming UN Climate Summits (COP 27 and 28) will be hosted in the MENA region, the region is expected to take even greater strides in ESG-led practices.

 

"There are positive business opportunities in the Middle East for corporations that are moving quickly to align their ESG priorities with the broader vision of their governments," said Kareem Refaay, Managing Director, The London Institute of Banking & Finance MENA.

 

"Corporates and entities in the region are embracing ESG not driven by the rationale of simply achieving energy efficiencies and cost savings, but the belief in the approach that embedding an ESG strategy will create value, including, but not limited to, environmental sustainability, staff welfare and engagement, as well as broader societal wellbeing," he added.

 

Read LIBF MENA whitepaper: How technology can be incorporated into ESG practices and systems

 

 

For media enquiries, please contact

Nigel Sillitoe

CEO and Founder

Insight Discovery

sillitoe@insight-discovery.com


###
This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™.

 




 

Comments

Post a Comment

Popular posts from this blog

Papio Establishes Qatari Subsidiary to Accelerate Industrial AI-Driven Digital Transformation in the Gulf Region

  Doha, Qatar – ( ARAB NEWSWIRE ) — Following its participation at Web Summit Doha, Papio , a global industrial analytics and AI company, today announced the establishment of its Qatari subsidiary through the Qatar Financial Centre (QFC). The new entity will serve customers across Qatar and the wider Gulf region. This marks a major milestone in Papio's global expansion and underscores its long-term commitment to helping industrial organizations build reliable data foundations and translate digital transformation strategies into practical results—delivering measurable improvements in performance, safety, compliance and efficiency across the region. "Papio ensures that digital initiatives translate into measurable business outcomes, sustainable operations, and long-term resilience," said Steven Jansen, Founder and CEO. "The company's Qatari subsidiary will serve as the regional capability center for industrial AI & analytics. Drawing...
Post a Comment
Read more

Sahm Investment Strategy Summit Panel Discusses Saudi Arabia’s 2026 Investment Outlook

Riyadh, KSA -- ( ARAB NEWSWIRE ) — As Saudi Arabia's capital markets continue to evolve, investors are increasingly focused on how regulation, innovation and workforce development will shape opportunities in the years ahead. These themes were explored at the Sahm Investment Strategy Summit 2026  in Riyadh, hosted by Sahm Capital, where a dedicated panel examined Saudi Arabia's investment outlook for 2026 and the key factors influencing capital allocation and long-term market development.  The panel brought together leaders from the regulatory, private equity and financial education sectors to discuss how macro conditions, innovation ecosystems and human capital are converging to shape the next phase of growth. The session was moderated by Huma Ejaz, Vice President of Advisory and Asset Management at Sahm Capital.  Opening the discussion, Niaz Ahmad, Executive Director at ewpartners, highlighted Saudi Arabia's macroeconomic stability and ongoing mar...
Post a Comment
Read more

Sahm Marks Second Anniversary with Grand Giveback Celebrating Investor Growth

Riyadh – ( ARAB NEWSWIRE ) -- Sahm Capital is marking its second anniversary with a two-month promotional campaign that rewards investor participation and reflects the company's rapid growth in Saudi Arabia's evolving capital markets. The campaign features weekly cash prize draws, exclusive incentives for new customers, and enhanced referral rewards, underscoring Sahm's commitment to long-term value creation for retail investors in the Kingdom. Running from January 5 to March 1, 2026 , the Sahm Second Anniversary Grand Giveaway  offers  participants the opportunity to win weekly cash prizes of up to SAR 27,777, alongside additional rewards including smartphones and trading incentives. As part of the campaign, Sahm is hosting a weekly lucky draw  with three winners selected each week: a first prize of SAR 27,777 in cash , a second prize of SAR 17,777 in cash , and a third prize of an iPhone 17 Pro Max . Customers may earn multiple entries througho...
Post a Comment
Read more