Riyadh - Sharikat Mubasher: Around 22 Saudi companies were selected among top 100 sustainable companies in the Middle East, positioning the Kingdom at the second place following the UAE, a recent report by Forbes showed.
Forbes Middle East’s Sustainability Leaders list selected Adel Al-Jubeir, Minister of Foreign Affairs and Climate Envoy, and Abdulrahman AlFadley, Minister of Environment, Water and Agriculture, among the top 10 government leaders.
Furthermore, the Saudi National Bank (SNB) was ranked the fifth among top 10 leaders in banking and financial services sector, while the Saudi Awwal Bank (SAB) came at the seventh place.
Neom, the visionary sustainable regional development in northwest Saudi Arabia, took the lead among the top leaders in real estate and construction sector, while Red Sea Global and Roshn Group took the fifth and seventh places, respectively.
The Saudi leading digital enabler, stc Group, also headed Forbes’ list for top 10 leaders in technology and telecom sector, preceding regional and global giants such as Zain Group, Microsoft, Mastercard, and Visa.
The list covered 11 key sectors: banking and financial services, environmental services, energy and utilities, food and agriculture, investments, manufacturing and industries, oil and gas, real estate and construction, technology and telecom, transport and logistics, as well as travel and tourism.
In regards with environment services, the Saudi Investment Recycling Company (SIRC) was selected the sixth among the top 10 leaders.
Meanwhile, the Saudi Electricity Company (SEC) was ranked the fourth among top five leaders in energy and utilities sector.
The report shed lights on the Kingdom’s endeavors to tackle climate change challenges, including the launch of Sustainable Development Steering Committee, the Saudi Green Initiative, and the Middle East Green Initiative (MGI).
Moreover, Forbes hailed the Kingdom’s efforts to increase regional cooperation in mitigating climate change impact; Saudi Arabia allocated $2.5 billion to support MGI projects and governance.
