• Program Climate & Sustainability Climate & Sustainability
  • Type Commentary
  • Date 21 March 2025
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Abstract

The paper explores the evolution of ESG reporting frameworks and taxonomies, focusing on their implications for Saudi Arabia. It discusses the challenges posed by global ESG practices, such as mandatory Scope 3 emissions reporting, materiality standards, and carbon management technologies. The paper highlights Saudi Arabia’s current reporting practices and guidelines, as well as the benefits of alignment with international standards, such as the ISSB and EU frameworks. It recommends developing a national support infrastructure, tailored to the Saudi context, to enhance global competitiveness and sustainability.

Authors

Claudia Belahmidi

Senior Fellow- Oil & Gas Claudia Belahmidi is a Senior Fellow in the Oil and Gas program, with a focus on the impact of ESG…

Claudia Belahmidi is a Senior Fellow in the Oil and Gas program, with a focus on the impact of ESG topics and Climate Finance on the hydrocarbon industry. Claudia has more than 13 years of research and industry experience analyzing energy markets, policies, and companies. Before joining KAPSARC, Claudia worked at S&P Global as an Equity and Strategy Analyst in the Commodity Insights Team, providing flagship and bespoke insights and analysis on a number of integrated oil companies as well as European independent producers. Previously, Claudia spent three years as an energy research analyst (Northern Europe and North America) with IHS. She holds a B.A. in Political Science and an M.A. in International Affairs from the Fletcher School, Tufts University.

Expertise

  • Oil & Gas ESG
  • Capital Costs
  • Sustainable Finance

Publications See all Claudia Belahmidi’s publications

Fatih Yılmaz

Senior Fellow-Climate & Sustainability Dr. Yilmaz currently works as a senior fellow I in the Climate and Sustainability program. His current research agenda aims…

Dr. Yilmaz currently works as a senior fellow I in the Climate and Sustainability program. His current research agenda aims to enhance our understanding of the financial and economic consequences of the sustainable energy transition and to design effective policies to balance risk and growth prospects.

Prior to joining KAPSARC, Dr. Yilmaz worked as an economist at the Central Bank of the Republic of Turkey, where he was actively involved in the research and the design of policies for the private and banking sectors. He also worked as a consultant for the World Bank and spent a year as an assistant professor of economics at ADA University.

He has authored various academic and policy articles and attended academic conferences and workshops. He holds a Ph.D. in economics from the University of Calgary.

Expertise

  • Sustainable Finance and Investment
  • Applied Banking and Finance
  • Corporate Taxation
  • Public Economics
  • Applied Micro-Econometrics

Publications See all Fatih Yılmaz’s publications

Faisal Yousef

Faisal Yousef

Norah Alorainy

Norah Alorainy

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