This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
Norton Rose Fulbright logo
  • Global
  • About
    • Back
    • About
    • Our firm
      • Back
      • Our firm
      • Clients
      • Global coverage
      • Vision, culture and people
      • Governance structure
      • Risk management
      • NRF Transform
      • Alumni
    • Diversity, Equity & Inclusion
      • Back
      • Diversity, Equity & Inclusion
      • Our people
      • Recognition
      • Governance
    • Corporate responsibility
      • Back
      • Corporate responsibility
      • Pro bono
      • Volunteering
      • Fundraising
      • Sustainable practice
      • Global charitable initiatives
    • Photo montage
      RE:

      Read our magazine
  • People
  • Services
    • Back
    • Services
    • Services A-Z
    • Key industries
      • Back
      • Key industries
      • Consumer markets
      • Energy, infrastructure and resources
      • Financial institutions
      • Life sciences and healthcare
      • Technology
      • Transport
    • Practices
      • Back
      • Practices
      • Antitrust and competition
      • Banking and finance
      • Bankruptcy, financial restructuring and insolvency
      • Climate change and sustainability
      • Consulting
      • Corporate, M&A and securities
      • Employment and labor
      • Energy
      • Environmental, social and governance (ESG)
      • Financial services and regulation
      • Information governance, privacy and cybersecurity
      • Intellectual property
      • Litigation and disputes
      • Private equity and venture capital
      • Projects
      • Real estate
      • Regulation and investigations
      • Risk advisory
      • Tax
      • Banking and finance
      • Climate change and sustainability
      • Corporate, M&A and securities
      • Energy
      • Financial services and regulation
      • Intellectual property
      • Private equity and venture capital
      • Real estate
      • Risk advisory
    • NRF Transform
    • Transform image

      Find out more
  • Insights
    • Back
    • Insights
    • NRF InstituteProfessional developmentResources and tools
    • PublicationsBlogsVideos
    • EventsWebinarsPodcasts
    • colorful light particles
      Sustainability and ESG

      Visit the hub
  • News
    • Back
    • News
    • Press releases
    • Market recognitions
    • Media information
  • Locations
  • Careers
    • Back
    • Careers
    • Graduates and students
    • Search current vacancies
      • Back
      • Search current vacancies
  • Change
  • Global
    • Back
    • global site
    • North America
      • Canada (English)
      • Canada (Français)
      • United States
    • Latin America
      • Latin America
      • Brazil
      • Mexico
    • Europe
      • Belgium
      • Deutschland (Deutsch)
      • France
      • Germany (English)
      • Greece
      • Italy
      • Luxembourg
      • Poland
      • The Netherlands
      • Turkey
      • United Kingdom
    • Middle East
    • Africa
      • Africa
      • Burundi
      • Kenya
      • Morocco
      • South Africa
      • Uganda
      • Zimbabwe
    • Asia Pacific
      • Australia
      • China
      • Hong Kong SAR
      • Indonesia
      • Japan
      • Singapore
      • Thailand
    • Regional practices
      • India
      • Israel
      • Korea
      • Marshall Islands
      • Nordic region
      • Pakistan
      • Vietnam
Lake in the forest

Connections

Insights, perspectives and viewpoints from our lawyers on topical issues

All Posts Subscribe
print-logo
11/23/2023 8:54:52 AM | 1 minute read

COP28 the catalyst for increased international investment in the Middle East?

close up shot of a digital stock market tracking graph follwing a recent crash in prices. Bear market 3D illustration
2
2
39

Get in touch

Avatar
Hamed Afzal
Partner

Get in touch

Avatar
Hamed Afzal
Partner
2
2
39

In January 2023, the Financial Markets Committee of the Gulf Cooperation Council (GCC) announced unified ESG metrics for regional listed companies, representing an important step towards standardising ESG disclosure across the Middle East.

COP28 kicks-off in Dubai next week, and the expectations and urgency for action have never been greater.

With all eyes on Dubai, local corporates can expect the global investment community to continue to pay close attention to ESG considerations. Just last week Bahrain introduced ESG reporting frameworks for financial firms, including investors, which will be effective next year. Will we see this trend spread throughout the Gulf post-COP28?

The UAE has made significant strides towards sustainability and ESG integration, and the Metrics are a concrete indicator that the GCC countries, all of which are oil-producing, are committed to creating more sustainable economies.

The Metrics are also a positive response by the GCC to regulatory, political and market pressures related to the ESG narrative, which is under considerable scrutiny as the region hosts COP28.

The IPO boom this year has put the Middle East firmly on the map for global investors. Against this backdrop, the publication of the Metrics aligns with the priorities of local and international investors.

Will COP28 bring increased interest from international investors in the regional markets? The proof will be in the outcomes and what is agreed at the conference.

Visit our COP28 hub for more insight from the conference.

While currently the Metrics serve as guideline for listed entities, they represent an important milestone in the region's move towards standardised ESG disclosure.
www.nortonrosefulbright.com/...

Subscribe to our Connections insights Sign-up now

Tags

financial institutions, banking and finance, capital markets, esg, cop28, esg and sustainability

Get in touch

Avatar
Hamed Afzal
Partner

Get in touch

Avatar
Hamed Afzal
Partner
Key takeaways from MIPIM 2025: Future-proofing data centres
3/25/2025 4:21:32 PM

Key takeaways from MIPIM 2025: Future-proofing data centres

By Kirsty Harrower
As the digital infrastructure landscape continues to evolve, increasing AI workloads present both challenges and opportunities for data...
1
35
36

Latest Insights

Shaping future successes: What I took away from "An evening with Annie Vernon"
5/8/2025 1:38:17 PM

Shaping future successes: What I took away from "An evening with Annie Vernon"

By Emma Humphries
Maritime decarbonisation: Current issues facing shipping companies
5/1/2025 1:36:52 PM

Maritime decarbonisation: Current issues facing shipping companies

By Kelli Bodal Hansen Philip Roche
10
10
Competition Policy and the Clean Industrial Deal: Let’s be friends
4/17/2025 3:26:12 PM

Competition Policy and the Clean Industrial Deal: Let’s be friends

By Alexandra Rogers Jay Modrall

Explore our site

  • About
  • Careers
  • Diversity, equity and inclusion
  • People
  • Services
  • Insights
  • News

Key industries

  • Consumer markets
  • Energy, infrastructure and resources
  • Financial institutions
  • Life sciences and healthcare
  • Technology
  • Transport

Locations

  • Global coverage

Norton Rose Fulbright © 2024. All Rights Reserved.

  • Amsterdam
  • ●
  • Athens
  • ●
  • Austin
  • ●
  • Bangkok
  • ●
  • Beijing
  • ●
  • Brisbane
  • ●
  • Brussels
  • ●
  • Bujumbura**
  • ●
  • Calgary
  • ●
  • Canberra
  • ●
  • Cape Town
  • ●
  • Casablanca
  • ●
  • Dallas
  • ●
  • Denver
  • ●
  • Dubai
  • ●
  • Durban
  • ●
  • Düsseldorf
  • ●
  • Frankfurt
  • ●
  • Hamburg
  • ●
  • Harare**
  • ●
  • Hong Kong SAR
  • ●
  • Houston
  • ●
  • Istanbul
  • ●
  • Jakarta*
  • ●
  • Johannesburg
  • ●
  • Kampala**
  • ●
  • London
  • ●
  • Los Angeles
  • ●
  • Luxembourg
  • ●
  • Melbourne
  • ●
  • Mexico City
  • ●
  • Milan
  • ●
  • Minneapolis
  • ●
  • Monaco
  • ●
  • Montréal
  • ●
  • Munich
  • ●
  • Newcastle
  • ●
  • New York
  • ●
  • Nairobi**
  • ●
  • Ottawa
  • ●
  • Paris
  • ●
  • Perth
  • ●
  • Piraeus
  • ●
  • Québec
  • ●
  • Riyadh*
  • ●
  • San Antonio
  • ●
  • San Francisco
  • ●
  • São Paulo
  • ●
  • Shanghai
  • ●
  • Singapore
  • ●
  • St. Louis
  • ●
  • Sydney
  • ●
  • Tokyo
  • ●
  • Toronto
  • ●
  • Vancouver
  • ●
  • Warsaw
  • ●
  • Washington DC *associate office **alliance
  • Legal notices and disclaimers
  • Impressum
  • Standard terms
  • Blog network terms and conditions
  • Cookies policy
  • Privacy notice
  • Website access conditions
  • Fraud alerts
  • Modern Slavery Statements
  • Health plan machine readable files
  • Anti-Facilitation of Tax Evasion Statement
  • Suppliers
  • History
  • Remote access
  • Sitemap
Offices and locations

Norton Rose Fulbright © 2024. All Rights Reserved.

  • Amsterdam
  • ●
  • Athens
  • ●
  • Austin
  • ●
  • Bangkok
  • ●
  • Beijing
  • ●
  • Brisbane
  • ●
  • Brussels
  • ●
  • Bujumbura**
  • ●
  • Calgary
  • ●
  • Canberra
  • ●
  • Cape Town
  • ●
  • Casablanca
  • ●
  • Dallas
  • ●
  • Denver
  • ●
  • Dubai
  • ●
  • Durban
  • ●
  • Düsseldorf
  • ●
  • Frankfurt
  • ●
  • Hamburg
  • ●
  • Harare**
  • ●
  • Hong Kong SAR
  • ●
  • Houston
  • ●
  • Istanbul
  • ●
  • Jakarta*
  • ●
  • Johannesburg
  • ●
  • Kampala**
  • ●
  • London
  • ●
  • Los Angeles
  • ●
  • Luxembourg
  • ●
  • Melbourne
  • ●
  • Mexico City
  • ●
  • Milan
  • ●
  • Minneapolis
  • ●
  • Monaco
  • ●
  • Montréal
  • ●
  • Munich
  • ●
  • Newcastle
  • ●
  • New York
  • ●
  • Nairobi**
  • ●
  • Ottawa
  • ●
  • Paris
  • ●
  • Perth
  • ●
  • Piraeus
  • ●
  • Québec
  • ●
  • Riyadh*
  • ●
  • San Antonio
  • ●
  • San Francisco
  • ●
  • São Paulo
  • ●
  • Shanghai
  • ●
  • Singapore
  • ●
  • St. Louis
  • ●
  • Sydney
  • ●
  • Tokyo
  • ●
  • Toronto
  • ●
  • Vancouver
  • ●
  • Warsaw
  • ●
  • Washington DC *associate office **alliance
Policies and disclaimers
  • Legal notices and disclaimers
  • Impressum
  • Standard terms
  • Blog network terms and conditions
  • Cookies policy
  • Privacy notice
  • Website access conditions
  • Fraud alerts
  • Modern Slavery Statements
  • Health plan machine readable files
  • Anti-Facilitation of Tax Evasion Statement
  • Suppliers
  • History
  • Remote access
  • Sitemap
Visit our global site, or select a location
North America
  • Canada (English)
  • Canada (Français)
  • United States
Latin America
  • Brazil
  • Mexico
Europe
  • Belgium
  • Deutschland (Deutsch)
  • France
  • Germany (English)
  • Greece
  • Italy
  • Luxembourg
  • Poland
  • The Netherlands
  • Turkey
  • United Kingdom
Middle East
Africa
  • Burundi
  • Kenya
  • Morocco
  • South Africa
  • Uganda
  • Zimbabwe
Asia Pacific
  • Australia
  • China
  • Hong Kong SAR
  • Indonesia
  • Japan
  • Singapore
  • Thailand
Regional practices
  • India
  • Israel
  • Korea
  • Marshall Islands
  • Nordic region
  • Pakistan
  • Vietnam