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In its latest report, KPMG Professional Consulting in Saudi Arabia has revealed in its Chief Executive Officers<\/a> In Saudi Arabia 2021, the majority of CEOs are incorporating environmental, social and corporate governance (ESG) practices into their business strategies in Saudi Arabia to achieve sustainable growth, as their perceived risks shift towards climate change and disruptive technology. <\/p>\n\n\n\n The KPMG report is based on a global survey of 1,325 CEOs, including 50 CEOs in Saudi Arabia, as well as personal interviews with business leaders. The CEOs surveyed in Saudi Arabia represent companies with revenues of more than US$500 million, including 60 percent of companies with revenues of more than US$1 billion.<\/p>\n\n\n\n Due to increasing pressure from stakeholders, CEOs are now prioritizing people to drive social return, and 92 percent of those surveyed in Saudi Arabia confirmed that the pandemic has caused them to shift their focus to ESG programs. On the flip side, only 30 percent of CEOs in Saudi Arabia feel they will struggle to meet expected diversity and inclusion requirements, compared to 56 percent of their peers globally.<\/p>\n\n\n\n On climate change, 42 percent of CEOs in Saudi Arabia plan to invest more than 10 percent of their revenue to become more sustainable, and action needs to come from both business and government. Six out of ten CEOs in Saudi Arabia reported that their ESG programs help improve financial performance.<\/p>\n\n\n\n Dr. Abdullah Hamad Al Fouzan, Chairman of KPMG Saudi Arabia, commented: \u201cWe have observed that CEOs are placing ESG at the center of their organizations\u201d long-term growth strategies, and it is encouraging to see this trend and to see business leaders linking the economic success of their organizations to the success of their ESG agendas; confirming that CEOs can be drivers of positive change.\"According to the KPMG report, ESG leaders are optimistic and confident and expect strong growth through acquisitions, as well as other methods, with nearly 86 percent of CEOs in the Kingdom looking to M&A as a means of growth in the next three years and 88 percent saying they need to accelerate their investments into digital opportunities.<\/p>\n\n\n\n Al Fouzan continued: \u201c84% CEOs are confident in Saudi Arabia's economic growth, while 90 percent expect their companies to exceed pre-pandemic levels. Although the pandemic is not over yet, CEOs are increasingly confident about economic growth in Saudi Arabia and globally.\u201d With so much potential, CEOs are hoping to be ahead of the curve so they can capitalize on various opportunities to support their businesses. Unnatural growth strategies are a popular choice to seize these opportunities, as business leaders look to expand organically and continue to assess the future of work to ensure they are able to attract the best talent.<\/p>\n\n\n\n CEOs emphasize the importance of leading by objectives, focusing on Digital Transformation<\/a> According to the report, CEOs in Saudi Arabia are strengthening their organization's digital advantage by building a more flexible work future and working as part of digital ecosystems. Although CEOs are not making any fundamental changes to their office space, they are becoming more agile, with 32 percent expecting most employees to work remotely at least two days a week and 28 percent considering hiring talent to work remotely.<\/p>\n\n\n\n KPMG suggests three areas that CEOs can focus on as they look to grow beyond the impact of the pandemic: Growth and Resilience, ESG, Financial Value and the Future of Work.<\/p>\n\n\n\n Many organizations have handled the pandemic well and have shown remarkable resilience in dealing with significant change and uncertainty,\u201c he added: \u201dResilience will be key to economic recovery, along with other inputs such as talent acquisition risks and building cyber defenses, as CEOs will need to surround themselves with resilient people. They will also need to identify their ESG investments, such as efforts to reduce carbon emissions, which will be essential for long-term value creation. \u201dCEOs need a people-first mindset, investing in new technologies and human capabilities, and then need to lead by objectives to earn the trust of stakeholders and help build a prosperous and sustainable world.\u201d<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>\u0641\u064a \u0623\u062d\u062f\u062b \u062a\u0642\u0631\u064a\u0631 \u0644\u0647\u0627\u060c \u0643\u0634\u0641\u062a \u0643\u064a \u0628\u064a \u0625\u0645 \u062c\u064a \u0644\u0644\u0627\u0633\u062a\u0634\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u0647\u0646\u064a\u0629 \u0641\u064a \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0645\u0646 \u062e\u0644\u0627\u0644 \u062a\u0642\u0631\u064a\u0631\u0647\u0627 “\u0631\u0624\u0649 \u0627\u0644\u0631\u0624\u0633\u0627\u0621 \u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a\u064a\u0646 \u0641\u064a \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0644\u0639\u0627\u0645 2021″ \u0623\u0646\u064e\u0651 \u063a\u0627\u0644\u0628\u064a\u0629 \u0627\u0644\u0631\u0624\u0633\u0627\u0621 \u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a\u064a\u0646 \u064a\u0639\u0645\u0644\u0648\u0646 \u0639\u0644\u0649 \u062a\u0636\u0645\u064a\u0646 \u0645\u0645\u0627\u0631\u0633\u0627\u062a \u0627\u0644\u062d\u0648\u0643\u0645\u0629 \u0627\u0644\u0628\u064a\u0626\u064a\u0629 \u0648\u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629 \u0648\u062d\u0648\u0643\u0645\u0629 \u0627\u0644\u0634\u0631\u0643\u0627\u062a (ESG) \u0641\u064a \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0623\u0639\u0645\u0627\u0644\u0647\u0645 \u0641\u064a \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629\u060c \u0645\u0646 \u0623\u062c\u0644 \u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0645\u0633\u062a\u062f\u0627\u0645\u060c \u0648\u0630\u0644\u0643 \u0645\u0639 \u062a\u062d\u0648\u0644 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 \u0645\u0646 \u0642\u0628\u0644\u0647\u0645 \u0646\u062d\u0648 … Read more<\/a><\/p>","protected":false},"author":10,"featured_media":74034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[144],"tags":[],"class_list":["post-33902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mergers-acquisitions"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post 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and corporate governance:<\/span><\/strong><\/h4>\n\n\n\n
Confidence in Saudi Arabia's economic growth:<\/span><\/strong><\/h4>\n\n\n\n
The importance of growth and resilience:<\/span><\/strong><\/h4>\n\n\n\n
Building Cyber Defenses<\/span><\/strong><\/h4>\n\n\n\n