Page 101 - WGEO PR REPORT - November-December 2022

Climate Change And Family Business: The Tharawat

Family Business Forum And AW Rostamani Group
Launchreport Addressing Climate Action For Family

Enterprises

The Tharawat Family Business Forum launched a first-of-its-kind report to
address the realities of climate change and environmental sustainability in
the MENA and explore the role family-owned companies will play in
building a more sustainable future. The report “Climate Change and Family
Business: Action for a Sustainable Future in the MENA” was developed
with the support of the AW Rostamani Group, knowledge partner the
Global Compact Network UAE, and 12 contributing experts and business
leaders.

The report is a unique publication that explores urgent questions, such as
‘Are businesses in the MENA aware of and taking action against climate
change?’. It also highlights the latest climate developments globally and
regionally, outlines the role that family firms play in mitigating climate risks
and explores ways to implement mechanisms that will drive corporate
sustainability.

At the heart of this report are the three in-depth case studies on L’Oréal,
the Chalhoub Group and the Arrigoni Group, granting a deeper
understanding of how these notable organizations have envisioned and
implemented their environmental strategies. In addition, over 20 MENA
family businesses taking decisive climate action are highlighted as
champions of change throughout the report as well as a climate action
checklist to support enterprises in implementing environmental strategies
and explore opportunities.

An editor’s committee with members from five different MENA countries
was established to provide oversight and guide the further development of
the report.

The report was launched during a virtual session featuring experts and
family business leaders, such as Alfredo De Massis, professor of
entrepreneurship & family business – Free University of Bolzano, IMD
Business School and LUMS, Italy; Dr. Basma Al Zamil, GM, Group HR,

https://www.go-green.ae/climate-change-and-family-business-the-tharawat-family-business-forum-
and-aw-rostamani-group-launchreport-addressing-climate-action-for-family-enterprises/