The Middle East Faces Growing Pains as Responsible Finance Starts to Gain Traction

A survey by HSBC of issuers and investors in the MENAT region and globally found that 44% of regional investors saw their adoption of ESG slowed by a lack of qualified staffRegulators in the region have been less active in providing structured guidance such as taxonomies to help bridge the gap between issuer and investorAs the Middle East continues to develop, it will have to build market capacity to address transitioning sectors, as well as to channel funding towards the green economy

HSBC has released the 2021 version of its Sustainable Financing & Investing survey, and the results from the Middle East, North Africa and Turkey (MENAT) show some notable progress in promoting responsible finance, particularly in the UAE and Saudi Arabia. There are three key observations tha...