RIYADH — Participants in the session "Environmental, Social and Corporate Governance (ESG): Developing Metrics and Processes to Drive Widespread Adoption of Sustainable Business", which was held Wednesday as part of the fifth edition of the Future Investment Initiative (FII).

They stressed that 80 ESG frameworks and reporting standards should be developed, which include different aspects of sustainability and different assessment methodologies which have been developed across the world.

The participants called to improve the transparency of ESG ratings, fully integrate financial and sustainability reporting, and minimize bias against emerging markets in order to ensure that markets are more sustainable and economic activities are aligned more consistently with the United Nations Sustainable Development Goals (SDGs). — SPA