sustainibilty-esg
SERVICES

Sustainability & ESG

Crowe Oman helps businesses integrate ESG principles to meet regulations, manage risks, and drive sustainable growth.

Sustainability & ESG (Environmental, Social, and Governance) have become fundamental considerations for businesses, investors, and policymakers worldwide. As global challenges such as climate change, resource scarcity, social inequality, and corporate accountability gain prominence, organizations are increasingly expected to integrate sustainability into their operations and decision-making processes.

What is Sustainability?


Sustainability refers to meeting present needs without compromising the ability of future generations to meet their own needs. It encompasses three key dimensions:

Environmental Sustainability

Managing natural resources responsibly and reducing ecological impact.

 

Social Sustainability

Ensuring fair and ethical treatment of employees, communities, and stakeholders.

Economic Sustainability

Supporting long-term economic growth while ensuring financial stability and equitable prosperity.

Understanding ESG


ESG is a framework used to evaluate a company’s performance beyond financial metrics. It helps investors, regulators, and stakeholders assess risks and opportunities related to sustainability.

Environmental (E)

Focuses on a company’s impact on the environment, including carbon footprint, energy efficiency, waste management, and climate change strategies.

 

Social (S)

Evaluates a company’s relationships with employees, customers, and communities, covering aspects like diversity & inclusion, labor practices, and human rights.

Governance (G)

Examines corporate policies, leadership ethics, board diversity, and transparency in decision-making.

Why ESG matters for Omani Businesses


As the global economy transitions toward sustainability-driven growth, integrating Environmental, Social, and Governance (ESG) principles is no longer optional—it is a strategic necessity. At Crowe Oman, we help organizations navigate this transformation, ensuring compliance, managing risk, and unlocking new opportunities aligned with both local mandates and global frameworks.

Regulatory Compliance

In Oman, the Muscat Stock Exchange (MSX) has introduced mandatory ESG disclosure requirements for listed companies, underscoring the Sultanate’s commitment to sustainable finance. This aligns with Oman Vision 2040, which emphasizes responsible business practices and environmental stewardship. Crowe Oman supports organizations in meeting these local mandates while also aligning with international standards such as the Global Reporting Initiative (GRI) and the UN Sustainable Development Goals (SDGs)—ensuring your ESG disclosures are credible, transparent, and globally benchmarked.

Risk Management

ESG factors help identify long-term risks, such as climate-related disruptions or reputational damage. Ignoring ESG-related risks can result in significant financial and operational consequences. In sectors such as agriculture, manufacturing, and logistics—core to Oman’s economic diversification—climate change, water scarcity, and supply chain ethics pose real threats. Our ESG advisory services are designed to help organizations proactively assess, mitigate, and disclose these risks. We work with clients to integrate ESG into their enterprise risk frameworks, thereby strengthening business continuity and regulatory resilience.

Investor Demand

Sustainable investments are growing rapidly, with investors favoring companies with strong ESG practices. Investors, both regional and international, are increasingly scrutinizing ESG metrics before making capital allocation decisions. ESG-aligned companies are not only more attractive to institutional investors and sovereign wealth funds but are also seen as lower-risk, future-ready assets. With our deep understanding of capital markets and MSX disclosure expectations, Crowe Oman helps you craft compelling sustainability reports that resonate with investor priorities and demonstrate your commitment to responsible growth.

Competitive Advantage

Companies with robust ESG strategies attract talent, build brand trust, and enhance stakeholder relationships. In today’s purpose-driven world, ESG is central to reputation management and stakeholder engagement. Organizations that prioritize environmental responsibility, social equity, and strong governance are better positioned to attract top talent, forge strategic partnerships, and earn the trust of consumers. Crowe Oman helps you leverage ESG as a catalyst for competitive differentiation—whether through transparent reporting, meaningful KPIs, or aligning sustainability efforts with business strategy and community impact.

 

Research Report

ESG Reporting and Disclosure in Oman

Insights from the First Year of the 2024 Muscat Stock Exchange Mandate.

Published in June 2025
Download Now!

Building a Sustainable Future


ESG is no longer a checkbox exercise—it’s a strategic lens through which companies must view growth and resilience.
As
Oman
charts a path toward sustainable and inclusive development under
Vision 2040
ESG integration plays a pivotal role in transforming industries and unlocking new value. By embedding ESG across operations and decision-making, businesses can improve performance, reduce risks, and become key contributors to national and global sustainability goals.
At
Crowe Oman
, we bring together global expertise and local insight to guide our clients on this journey—delivering ESG solutions that are data-driven, stakeholder-informed, and impact-oriented.

Regulatory Alert!!


The Financial Services Authority has announced a phased roadmap for the implementation of IFRS S1 and IFRS S2 Sustainability Disclosure Standards, targeting full compliance across Oman’s non-banking financial sector by 2029.

Aligned with Oman Vision 2040 and the national net-zero strategy, the policy aims to enhance transparency, attract sustainable investment, and align Oman’s sustainability reporting with global ISSB standards.

At Crowe Oman, we support organizations in building ESG readiness — from data alignment to full sustainability reporting under IFRS S1 & S2.

Phased implementation Timeline

Guiding your business through ESG with insight and purpose

Empowering sustainable progress through expert ESG insights and practical solutions.

Our Partner

Karl Jackson FCA
Karl Jackson
Partner – Audit, Assurance and ESG Services