As per the Muscat Stock Exchange (MSX) Guidelines
Oman is entering a pivotal phase in its commitment to sustainable business practices. As part of its national Vision 2040 and broader alignment with global ESG (Environmental, Social, Governance) trends, the Muscat Stock Exchange (MSX) is setting new expectations for corporate transparency and accountability.
Why Is Sustainability Reporting Now Crucial?
In 2022, the MSX joined the United Nations Sustainable Stock Exchanges (SSE) Initiative. This marked a significant step toward aligning with global sustainability efforts. Starting in 2025, ESG reporting will become mandatory for all listed companies—no longer just a voluntary option. This move reflects growing investor demand for transparency and Oman’s long-term development goals.
What’s the Timeline?
- 2024: Voluntary ESG disclosures covering 2023 activities
- March 31, 2025: First official deadline for mandatory ESG reporting (covering 2024 activities)
- June 1, 2025: Implementation of new regulations under Administrative Decision 77/2025
What Do Companies Need to Report?
The new requirements mandate disclosure across 30 ESG metrics, categorized into three main pillars:
- Environmental: Carbon emissions, energy consumption, and waste management
- Social: Labor practices, workplace diversity, and community engagement
- Governance: Board structure, ethics, and compliance
All disclosures must adhere to the Global Reporting Initiative (GRI) Standards, ensuring consistency and credibility.
What Makes a Report Compliant?
To meet MSX guidelines, companies must:
- Clearly define material ESG issues
- Outline stakeholder engagement processes
- Benchmark performance against previous years
- Ensure full transparency—partial disclosure or greenwashing will not suffice
Reports must be standalone documents, not embedded within annual financial reports. They are to be published on both the company website and the MSX ESG portal.
Deadlines and Format
- 30 days after fiscal year-end for standalone companies
- 45 days for company groups or holding structures
Timely and accurate reporting is not just about compliance—it’s about positioning your company as a responsible, forward-thinking leader.
Why This Matters for Your Business
Proper ESG reporting can:
- Attract sustainability-focused investors
- Improve corporate governance and risk oversight
- Enhance your reputation with stakeholders
- Align your operations with both GCC and international best practices
Suggested Report Structure
- Executive Summary
- Governance Overview
- Materiality and Stakeholder Engagement
- ESG Metrics and KPIs
- Case Studies and Lessons Learned
- Targets and Areas for Improvement
- Assurance and Board Approval
Final Takeaway
Sustainability is no longer a trend—it is a requirement. Oman’s new ESG regulations reflect a serious commitment to transparency and responsible growth. Businesses that prepare early, disclose clearly, and act responsibly will lead the way in shaping Oman’s sustainable future.
