Oman International Development and Investment Company (Ominvest) has announced a partnership with Sustainable Square, a UAE-based consultancy, as it seeks to accelerate its sustainable value creation.
The partnership will see Ominvest adopt Sustainable Square’s ESG monitoring platform, Squarely, to bolster its sustainability monitoring and disclosure practices.
‘A pivotal step’
“Our strategic partnership with Sustainable Square and the implementation of the Squarely platform represent a pivotal step in our journey to redefine investment through the lens of responsible stewardship,” commented Waleed Al Yarubi, chief people, corporate communication and sustainability officer at Ominvest.
“Ominvest’s vision is to be a catalyst for sustainable development, and we aim to drive positive change across our portfolio and beyond. Our ambition is to set a new standard for ESG excellence in the region, demonstrating that financial success and environmental and social responsibility are not mutually exclusive, but intrinsically linked.”
Ominvest said that by leveraging Squarely’s streamlined and AI-powered approach to ESG monitoring, it will be able to optimise its data accuracy and drive strategic decision-making in alignment with its long-term sustainability goals.
Feras Al Farsi, Senior Manager – ESG at Ominvest, described the partnership as a “strategic investment in our ESG capabilities”, adding that it will “provide us with deeper insights, enabling more transparent reporting, informed decision-making, and an even stronger commitment to responsible business practices.”
‘Elevate ESG reporting’
Elsewhere, Monaem Ben Lellahom, founding partner and group CEO of Sustainable Square, added that the company has “developed innovative technology to elevate ESG reporting and disclosure practices. We take great pride in our four-year partnership with Ominvest and its subsidiaries, and we look forward to achieving new milestones together through Squarely.”
The partnership also aligns with Ominvest’s broader vision of using technology and data-driven insights to advance sustainable development and corporate stewardship across its diversified portfolio, it noted. Ominvest is listed on the Muscat Securities Exchange. Read more here.
