Vision 2030 includes social development initiatives to empower micro-, small and medium-sized enterprises (MSMEs) and citizens, promote entrepreneurship and widen access to financing. Meanwhile, the Kingdom committed to net zero in 2021, and retains a focus on responsible governance for sustainable development.
This report outlines Saudi Arabia’s environmental, social and governance progress towards Vision 2030 aims and the UN Sustainable Development Goals. Details include the Saudi Green Initiative and solar energy targets; products that promote financial self-sufficiency and nurture a savings culture; corporate funding for MSMEs; and accountability and transparency mechanisms for responsible use of public funds.
The publication outlines the ways in which transparency, diversification away from fossil fuels, and a focus on personal and professional financial empowerment look set to facilitate Saudi Arabia’s sustainable development over the years from 2022.