“Although ESG has proven its worth, much remains to be done to ensure we use it to its full potential. The low level of inclusion and participation of emerging markets in the development of ESG frameworks is counterproductive to global sustainability. Perhaps the most challenging task, and one that we will address during this event, is how we push ourselves to think beyond ESG as a risk management tool and deploy it to create a truly sustainable future.”

–Richard Attias, chief executive of the Future Investment Initiative (FII), in comments at the FII’s ESG (environmental, social, and governance) virtual event on Thursday. The PIF has already incorporated ESG principles into its $400 billion worth of global investments as the sector gains in prominence throughout the region. [Arab News]