Environmental, Social, and Governance

Deal by Design

Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.

This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.

Environmental, Social, and Governance (ESG)

At Al Tamimi & Company, it’s not just about being part of the conversation; we want to ensure our teams throughout all 17 of our offices across the region are doing their bit. As a business, we have identified specific areas where we can make an impact, such as recycling, energy consumption, reduction of business travel, and disposal of waste.

Law firms historically tended to look at ESG through the medium of CSR. Our thinking is different. We are in a process of mainstreaming the issues across our practice groups, sectors, jurisdictions and offices. Our goal is to ensure that we fully engage with the issues to ensure ESG considerations become pervasive across all of our activities.

Our ESG agenda in action

Implementation of ISO 14000 – an environmental management system to help improve our environmental performance through efficient use of resources, reduction of waste, and gaining the trust of stakeholders.
Project Tatweer – a firm-wide working group to share knowledge, best practice and insights from across the region on Climate/ESG.
Comprehensive ESG Policy and Framework to help us measure, report and track progress.

Waste Management and Recycling:

The Environmental, Social, and Governance (ESG) agenda continues to be a global priority across all industries. With the ongoing ESG concerns, there is an increasing need for accountability within our corporations, communities, and on an individual level.

Continuous investment and improvements are being made to the legal framework across the Middle East and North Africa (MENA) in order to support sustainable development and ESG compliance. Governments within our region are focused on growing sustainably (particularly UAE and KSA economies). The region has a proliferation of long-term “visions” and environment considerations are at the heart of these initiatives. The outcome of COP26 has also accelerated commitment and sustainable development plans.

Conference of the Parties (COP):

COP27 will take place in Egypt, and the UAE will host COP28.

Read our Latest Tamimi Blogs:

Climate Change: More Than a Conversation

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