Encouraging companies to integrate financial, environmental, social &
governance information into their reporting frameworks
The Pearl Initiative has established strategic partnerships with HRH The Prince of Wales Accounting for Sustainability (A4S) and the Abu Dhabi Sustainability Group (ADSG)on this programme, which strives to improve transparency in corporate reporting in the Gulf Region by focusing on encouraging businesses to integrate financial, environmental, social & governance information in their annual reports.
Achievements include the establishment of the Gulf Finance Leaders Circle of Practice (COP) which is a group of regional CFOs that come together to develop finance practices and gain insights from one another. The group shares practical approaches and oversees the development of case studies and guidance materials to share with the broader business community. The COP has established a board of leading CFOs that have convened in four roundtables events in the past. The first resource developed by the COP was a case study report, titled “Managing Future Uncertainty” highlighting the good reporting practices of four companies (Etihad Airways, National Bank of Abu Dhabi, Masdar and Abu Dhabi Airports).
Looking forward, the Circle of Practice, with the support of the Pearl Initiative, will conduct a regional benchmarking exercise and publish case studies. This project will provide the opportunity to benchmark existing practice across all key areas, develop regional case studies, as well as help to identify future projects.