Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The outbreak of the Novel Coronavirus (COVID-19) impacting global financial markets.
• Travel restrictions remain implemented by many countries.
• Businesses working remotely and business leaders focused on cost optimization and digitization.
• Budget deficit remains amounting to SR7.44 billion in the first quarter of this year.
• Cost of risk is likely to stay elevated in 2021 reflecting the volatile global health situation and international travel restrictions.

Mitigation Strategies

• The roll-out of vaccinations offer hope for life and business to get back to near normal.
• Recovery of oil price appears to be stable in KSA with positive trends going forward into 2021 and beyond.
• KSA economy appears stable within a recovery mode on the back of higher oil demand and private consumption along with KSA’s Vision 2030.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Taqeem Regulations (Saudi Authority for Accredited Valuers), International Valuation Standards Council (IVSCs’), International Valuations Standard (IVS)