While the prevalence and effectiveness of non-governmental sustainability initiatives remains low in a region historically reliant on government policies and spending, there are nonetheless important positive trends that can be noticed.
In this context, Oliver Wyman surveyed more than 60 decision makers in the region to study the role that private and non-profit sectors across the GCC are playing when it comes to social and environmental sustainability in the region. The report outlines key insights drawn from this research and highlights the range of social impact opportunities that are available for the private and nonprofit sector in the region.
It also covers examples of best practices from companies showing how to effectively implement such models.
The report suggests that though some key steps have been taken towards sustainability ,it is not enough in the current scenario and urgency of the region's challenges. The coming years will be critical to consolidate and build on these early gains, while ensuring reinforced support accelerates the pace of change.
The Social Impact Imperative
Greg Rung, Dubai based FS Partner and Social Impact Leader in the MEA region, discusses about the key findings in the report.