ESG Mandate Readiness Tracker

Monitor ESG disclosure compliance across GCC stock exchanges. Track which listed companies meet exchange-mandated environmental, social, and governance reporting requirements.

Total Companies

80

Compliant

13

Partial

18

Non-Compliant

0

Exempt

0

Compliance by Exchange

ADX

42.9%adoption
8 compliant4 partial16 gaps

DFM

52.4%adoption
4 compliant7 partial10 gaps

TDWL

0.0%adoption
0 compliant0 partial11 gaps

QSE

37.5%adoption
0 compliant3 partial5 gaps

BK

33.3%adoption
0 compliant2 partial4 gaps

BHB

66.7%adoption
1 compliant1 partial1 gaps

ASE

33.3%adoption
0 compliant1 partial2 gaps

GCC ESG Regulation Timeline

2022

DFM

Dubai Financial Market mandates ESG disclosure for all listed companies, requiring annual sustainability reports aligned with GRI or equivalent frameworks.

2022

ADX

Abu Dhabi Securities Exchange introduces ESG disclosure guidelines, encouraging listed entities to publish sustainability metrics alongside annual reports.

2023

Boursa Kuwait

Boursa Kuwait launches voluntary ESG reporting guide, with phased mandatory requirements planned for Premier Market issuers.

2023

QSE

Qatar Stock Exchange publishes ESG guidance aligned with ISSB standards, targeting mandatory adoption for large-cap issuers by 2025.

2024

Tadawul

Saudi Exchange (Tadawul) requires listed companies to publish ESG disclosures under CMA Sustainability Reporting Rules, phased by market cap.

2024

ASE

Amman Stock Exchange introduces ESG reporting framework aligned with national green economy objectives and Jordan Securities Commission directives.

2025

MSM

Muscat Stock Exchange aligns ESG requirements with Oman Vision 2040, requiring phased sustainability disclosures for all listed companies.

2025

BHB

Bahrain Bourse adopts ESG reporting framework in line with Central Bank of Bahrain sustainable finance guidelines.

Company ESG Disclosure Status

TickerCompanyExchangeYearStatusFrameworkScope 1+2 (tCO2e)Board Female %Independence %
Riyad BankTDWL2022Exempt
Saudi Awwal BankTDWL2024Exempt
Arab National BankTDWL2024Exempt
Al Rajhi BankTDWL2021Exempt
Saudi National BankTDWL2024Exempt
Saudi Basic Industries Corp.TDWL2024Exempt0.0%33.3%
ACWA PowerTDWL2024Exempt
Saudi Arabian Oil Co.TDWL2022ExemptWorld Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD) GHG protocol guidelines20.0%50.0%
Americana Restaurants International PLCTDWL2024Exempt
Saudi Telecom Co.TDWL2024Exempt
Bupa Arabia for Cooperative Insurance Co.TDWL2025Exempt
Arab Banking Corporation B S CBHB2023Exempt
Abu Dhabi Commercial BankADX2023CompliantGRI29,88722.2%55.6%
Abu Dhabi Islamic BankADX2023CompliantGRI23,43830.0%60.0%
Abu Dhabi National Insurance CompanyADX2023Exempt
ADNOC Drilling Company PLCADX2024Exempt
ADNOC Drilling Company PJSCADX2024ExemptADX ESG Guide
ADNOC Gas plcADX2023Exempt
ADNOC Logistics & Services plcADX2023Exempt
Abu Dhabi Ports Company PJSCADX2023Exempt
Agility Global PLCADX2023Exempt
AGTHIA GroupADX2023Exempt
Air Arabia PJSCDFM2023PartialDFM ESG Reporting Guide
Ajman Bank PJSCDFM2023PartialDFM ESG Reporting Guide
Aluminium Bahrain B.S.CBHB2023CompliantGRI1,876,00060.0%
Al Dar PropertiesADX2023PartialADX ESG Reporting Guide25.0%67.0%
Americana Restaurants International PLCADX2024ExemptADX ESG Guide288,836
Arab Bank PLCASE2023PartialGRI27.0%67.0%
Aramex PJSCDFM2023PartialDFM ESG Reporting Guide
Borouge PLCADX2023CompliantGRI5,140,00025.0%60.0%
Boubyan Bank K.S.C.BK2024Exempt
BURJEEL HOLDINGS PLCADX2024ExemptADX ESG Guide, GRI Standards43,454
Commercial Bank of Dubai(PSC)DFM2023PartialDFM ESG Reporting Guide20.0%60.0%
Commercial Bank of Kuwait K.S.C.BK2023PartialGRI20.0%67.0%
DAMAC Properties Dubai Co. PJSCDFM2023PartialDFM ESG Reporting Guide
DANA GAS PJSCADX2024ExemptHSSE & SP Policy aligned with IOGP Life Saving Rules
Dubai Electricity and Water Authority (PJSC)DFM2023CompliantDFM ESG Reporting Guide18,900,00020.0%60.0%
Dubai Financial Market (DFM) - PJSCDFM2024Exempt
Doha BankQSE2023Partial22.0%67.0%
Dubai Islamic Bank PJSCDFM2024Exempt9,224.54
Emirates Integrated Telecommunications Company PJSCDFM2023CompliantGRI419,00022.0%67.0%
Dukhan Bank Q.P.S.C.QSE2023Exempt
Emirates Telecom. Group Company (Etisalat Group) PJSCADX2023CompliantGRI1,490,00020.0%67.0%
Emirates Investment Bank PJSCDFM2023Exempt
Emaar Properties (P.J.S.C)DFM2024ExemptGlobal Reporting Initiative (GRI) Standards666,60011.1%44.4%
Emirates NBD Bank (P.J.S.C)DFM2023CompliantDFM ESG Reporting Guide31,43820.0%67.0%
Emirates Central Cooling Systems Corporation PJSCDFM2023Exempt
Emirates NBD Bank PJSCDFM2023CompliantGRI36,53630.0%60.0%
Emirates Telecommunications Group Company PJSCADX2023CompliantGRI1,542,00033.0%67.0%
First Abu Dhabi BankADX2024ExemptGroup Climate Risk Framework
Fertiglobe plcADX2023CompliantGRI11,080,00020.0%60.0%
Fertiglobe PLCADX2023CompliantGRI5,480,00025.0%67.0%
GFH Financial Group B.S.CADX2023Exempt
Jordan Telecom Group (Orange)ASE2023Exempt
Jordan TelecomASE2024Exempt
Gulf Pharmaceutical IndustriesADX2023Exempt
Kuwait Finance House K.S.C.BHB2023PartialGRI20.0%67.0%
AlRayan BankQSE2023Exempt
Mashreqbank PSCDFM2023PartialDFM ESG Reporting Guide20.0%60.0%
National Bank of Kuwait K.S.C.BK2023PartialGRI20.0%60.0%
National Mobile Telecommunications Company K.S.C.BK2023Exempt
Ooredoo Q.P.S.CQSE2024Exempt
Parkin Co. PJSCDFM2024Exempt
Qatar Fuel-Woqod QSCQSE2023Exempt
Qatar Islamic BankQSE2023Partial
Qatar National Bank QPSCQSE2023PartialGRI20.0%80.0%
RAK Properties PJSCADX2023Exempt
The National Bank of Ras Al KhaimahADX2023PartialDFM ESG Reporting Guide20.0%60.0%
RAK Ceramics PJSCADX2023PartialDFM ESG Reporting Guide
Islamic Arab Insurance Co. (Salama)DFM2023Exempt
Salik Company PJSCDFM2024ExemptUAE Green Agenda 2030, UN Sustainable Development Goals, UN Global Compact
Sharjah Islamic BankADX2023PartialADX ESG Disclosure Requirements22.0%67.0%
Kuwait Telecommunications Co.BK2023Exempt
National Central Cooling Co. (P.S.C.) (Tabreed)DFM2023PartialDFM ESG Reporting Guide
Takaful Emarat - Insurance (PSC)DFM2023Exempt
Abu Dhabi National Energy CompanyADX2023CompliantGRI70,800,00020.0%67.0%
TECOM Group PJSCDFM2024ExemptADX ESG Guide40,283
Vodafone Qatar QSCQSE2023Exempt
Al Yah Satellite Communications Company PJSCADX2023Exempt
Mobile Telecommunications Company K.S.C.PBK2024Exempt

Methodology

ESG mandate readiness is assessed by comparing each company's published sustainability disclosures against the specific requirements of their listing exchange. Each GCC exchange has different timelines and stringency levels for ESG reporting.

Compliant: The company publishes a standalone sustainability report or integrated report that meets all exchange-mandated disclosure requirements, typically aligned with GRI, ISSB, or equivalent frameworks.

Partial: The company discloses some ESG metrics (e.g., emissions, diversity, safety) but does not fully satisfy all exchange requirements or lacks a structured framework alignment.

Non-Compliant: The company has not published any meaningful ESG disclosures despite being subject to exchange mandates.

Exempt: The company is not yet subject to mandatory ESG disclosure, typically due to market cap thresholds or phased adoption schedules.

Emissions data covers Scope 1 (direct) and Scope 2 (electricity/energy) greenhouse gas emissions measured in tonnes of CO2 equivalent (tCO2e). Governance metrics include board gender diversity and independence ratios extracted from annual reports.

Related Insights

This analysis is based on available data and disclosed methodology. Our models estimate outcomes using specific inputs and assumptions — the methodology is described on this page. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.

Data sources · Full disclaimer

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