GCC firms are formalising sustainability efforts with CSO appointments
48% of GCC companies now have a Chief Sustainability Officer or plan to name one in the next 12 months.
Almost half of large firms in the Gulf Cooperation Council (GCC) already have a Chief Sustainability Officer or plan to appoint one in the next 12 months, according to a PwC survey highlighting sustainability progress in the region.
The survey, which mostly focused on firms with more than US$100 million in revenue in the United Arab Emirates (UAE), Saudi Arabia and Qatar, suggests that Dubai’s COP28 served as a catalyst for sustainability action in the region: more than three-quarters of respondents have now either made a net zero commitment or are working towards it, compared to 66% last year and 60% in 2022.
