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5 clusters · 4 sources · 38 days · First seen · Last updated

Oman sustainability and ESG regulatory developments

Overview

Oman is advancing its sustainability and ESG regulatory landscape to meet Vision 2040 goals and its 2050 net zero commitment. The Muscat Stock Exchange is transitioning toward mandatory ESG reporting, with full IFRS sustainability disclosure compliance expected by 2029.

In the energy sector, Energy Oman has rebranded to reflect its role in the national economic ecosystem and the sustainable energy transition. The Ministry of Energy and Minerals has further expanded its international reach by joining an international hydrogen network. This move aims to enhance cooperation in hydrogen technologies across transportation, industry, and power generation, helping to develop green hydrogen value chains. Research into Muscat’s road network suggests that a 60% penetration rate of green hydrogen could reduce total greenhouse gas emissions by nearly 95%, though this would require an exponential increase in refueling infrastructure.

The construction industry is seeing increased demand for green building consultancy to navigate the Oman Building Code and the Roznah rating system. The Ministry of Housing and Urban Planning has introduced the Oman Energy Efficiency and Sustainability Code 2025, which includes a two-year voluntary trial for new building design standards before full enforcement in 2030. A priority of this initiative is retrofitting existing government buildings to potentially achieve energy savings of up to 26 percent.

Regional initiatives continue through the ‘Sustainable Dhofar’ campaign, which utilizes the ‘Amed’ platform to encourage green innovation and mobility proposals. Additionally, organizations continue to prioritize business continuity management (BCM) to mitigate cyber, supply chain, and weather risks. The Authority for Public Services Regulation mandates comprehensive risk management for electricity, water, and sanitation entities, with noncompliance penalties reaching 500,000 Omani riyals.

Entities

Oman · Oman Vision 2040 · LEED certification · Oman Financial Services Authority · Muscat Stock Exchange

Timeline

  1. 6 days ago

    [BUSINESS] 2 sources
    Oman expands hydrogen energy role through international network

    Oman has joined an international hydrogen network to advance its clean energy goals and economic diversification under Oman Vision 2040, while research highlights the massive emission reduction potential of the

  2. 21 days ago

    [BUSINESS] 2 sources
    Oman advances sustainability through new building codes and green campaigns

    Oman is implementing new energy efficiency building codes for 2025 and has launched the ‘Sustainable Dhofar’ campaign to promote green innovation and sustainable mobility.

  3. 27 days ago

    [BUSINESS] 2 sources
    Oman businesses adopt green building and continuity consultancy

    Omani organizations are increasingly adopting green building consultancy and business continuity management to meet Oman Vision 2040 goals and new regulatory mandates.

  4. about 1 month ago

    [BUSINESS] 2 sources
    Oman energy sector shifts toward sustainability and new corporate identity

    Energy Oman has launched a new corporate identity to support the nation’s energy transition, coinciding with a growing strategic focus on sustainable construction under Oman Vision 2040.

  5. about 1 month ago

    [BUSINESS] 4 sources
    Oman mandates ESG reporting and promotes LEED certification for businesses

    Oman’s Muscat Stock Exchange will make ESG reporting mandatory in 2025, with full IFRS S1/S2 compliance by 2029, while LEED certification is being pushed for greener buildings under Vision 2040.

Sources

evere.co · koris.lv · rock967online.com · thearabianstories.com

This summary has been updated 3 times: see revision history