Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Finance
• Social Considerations
• Good Governance
• Human Rights
• Diversity and Inclusion
• Data Privacy
• Ethical Use of Technology

Environmental Achievements

• Numerous "E" (environmental) related commitments from some governments in the region with net zero emissions target announcements.
• Increased investment in renewable energy (solar plants, green hydrogen plants).
• KSA's Green Initiative endorsing a circular carbon economy and commitment to plant 10 billion trees in KSA and a further 40 billion in the Middle East region.
• UAE's Net Zero 2050 Strategic Initiative with associated funding commitments valued at US$163 billion for investment in clean energy.

Social Achievements

• Issuance of data protection laws.
• Regulations on ethical use of technologies like artificial intelligence.
• Government initiatives related to human rights, diversity and inclusion.
• Launching the “Closing the Gender Gap Accelerator” action plan in Egypt.
• The development of new mechanisms for youth participation in decision-making in Egypt.

Governance Achievements

• UAE regulatory initiatives included mandatory ESG reporting, female board appointments, and public awareness and capacity building webinars and conferences.
• UAE government appointed a dedicated Climate Change Special Envoy.
• UAE announced a detailed Sustainable Finance Strategy issued by its Ministry of Climate and Environment.
• UAE passed a law concerning enhanced accountability of government ministers and officials.
• SCA requirement for ESG reporting for publicly listed companies in UAE.
• SCA requirement of min 1 woman board member for publicly listed companies in UAE.

Climate Goals & Targets

Environmental Challenges

• Stark divisions between thriving countries, countries in crisis, and those in between with limited inter-regional cooperation on sustainability-related projects.
• Failure to consider ESG as an integrated approach.
• Carbon Net Zero commitments generally lack specificity in the implementation plans.
• Large funding requirements and difficult social and fiscal policy decisions for ‘greening’ economies.
• Differences in climate finance and climate-related disclosures standards and carbon market pricing.
• Need for more reliable, standardized, and secure data.

Mitigation Strategies

• Investments in clean energy transitioning, economic diversification, and carbon capture/recycling/offsetting with more regional cooperation.
• Leveraging the young population and emerging entrepreneurs and fintech industry using technology/innovation.
• Further developing integration of human rights, digital and data privacy ethics, and gender parity.
• Dedicated education tracks and curriculum enhancements in the schooling and university systems.
• Encourage more civic engagement and consumer education on zero-waste lifestyles.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Investments in clean energy transitioning

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Zayed Sustainability Prize

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Climate Change
• Circular Economy
• Diversity, Equity, and Inclusion
• Pro Bono and Community Engagement
• ESG Client Services
• Employee Welfare, Human Rights, and Labour Practices
• Talent Attraction, Retention, and Engagement
• Sustainable Procurement and Supply Chain
• Corporate Governance
• Compliance and Ethical Conduct
• Anti-Corruption and Anti-Bribery
• Data Privacy and Cybersecurity

Environmental Achievements

• Achieved ISO 14001 certification for Environmental Management Systems in four regional offices. Progressing towards extending this certification to all offices by the end of 2024.
• Implemented energy-efficient technologies (motion-sensitive lighting) in new office spaces.
• Integrated water-saving technologies (aerators and filtration systems) to reduce water wastage.
• Reduced printers by 76% in Dubai office through Printer Consolidation Strategy.
• Implemented Dual Screen Initiative to decrease printing needs.
• Promotes electronic distribution of reports over printed copies (Report Dashboard Initiative).

Social Achievements

• Launched Al Tamimi Academy offering diverse training programs, including ESG principles.
• Increased female representation in workforce by over 11% (46% of total team).
• Increased women's presence in senior and middle management to over 36%.
• Implemented a comprehensive Diversity and Inclusion policy.
• Increased legal pro bono hours by 32% in 2023 (4,105 hours).
• Increased value of pro bono work to AED 8.6 million (nearly 40% increase from 2022).
• Increased volunteering hours by 100% in 2023 (129 hours).

Governance Achievements

• Established an ESG Working Group to set KPIs and targets, foster ESG awareness, and evaluate ESG integration across legal practices.
• Increased proportion of female partners to over 14% (44% increase from previous two years).
• Conducted an external audit confirming alignment of compliance policies with best practices.
• Implemented a comprehensive range of policies and procedures to ensure compliance with relevant laws and regulations.
• Maintained a clear record with no instances of convictions, disbarments, or penalties concerning bribery and corruption.

Climate Goals & Targets

Environmental Challenges

• Increase in energy consumption in 2023 due to business expansion.
• Modest increase in water consumption in 2023, despite mitigation efforts.
• Need to further enhance data gathering processes and systems for accurate ESG reporting.

Mitigation Strategies

• Continuous improvement and innovation in energy management strategies.
• Continued enhancements and adoption of more sustainable practices to reduce water usage.
• Refining and enhancing data gathering processes and systems.

Supply Chain Management

Responsible Procurement

• Comprehensive due diligence and life cycle assessments of products.
• Suppliers mandated to demonstrate commitment to ESG principles.
• Prioritising sourcing from local suppliers (increased spending by over 25% in 2023).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, IFRS, SASB, UN Global Compact, UN Sustainable Development Goals

Certifications: ISO 14001 (four offices), ISO 27001 (Information Security, Cybersecurity and Privacy Protection), Cyber Essentials

UN Sustainable Development Goals

• Goal 5
• Goal 13
• Goal 16
• Goal 17

Initiatives align with UN Global Compact principles and contribute to these goals.

Awards & Recognition

• Law Middle East and Africa (MEA) Awards: Regional Firm of the Year
• LexisNexis Women in Law Awards: Corporate Lawyer of the Year, Structured Finance Lawyer of the Year
• Managing Intellectual Property (IP) Awards: United Arab Emirates Practitioner of the Year
• Asian Legal Business (ALB) Super 50 Lawyers
• Law MEA Awards: Regional Managing Partner of the Year, Banking and Finance Lawyer of the Year, Capital Markets Lawyer of the Year, Data Protection Lawyer of the Year
• Oath Awards: Dispute Resolution and Litigation – Team of the Year, Law Firm of the Year (Bahrain, Kuwait, Oman), Regional Firm of the Year – Honourable Mention (Qatar)
• Legal Era Middle East Awards: Middle East Law Firm of the Year, Managing Partner of the Year, Banking, Finance and Restructuring Law Firm of the Year, Corporate Structuring – Team of the Year, Law Firm of the Year (Bahrain, Kuwait, Qatar)
• International Employment Lawyer Awards: Middle East Law Firm of the Year