Karnataka, India, 24th October 2023, ZEX PR WIRE, Updapt, a SaaS based ESG Solution Co., announced today that Ms. Maryam Telmesani has joined their Advisory Board to provide strategic guidance for solving key sustainability issues of the market it addresses and expansion in Middle East region.

Ms. Maryam Telmesani is the appointed Chair board of the UN Global Compact Local Network Saudi Arabia & Advisory board member of Prince Sultan University Centre for Sustainability & Climate Change, Global Ambassadors of Sustainability Riyadh and Earth Academy Netherlands. A Sustainability Leader, she has been on Chief Sustainability Officer positions in leading firms such as MBL, Al-Dabbagh Group and Red Sea International (RSI). She holds an EMBA from HULT International Business School alongside numerous sustainability certificates from ISSP & Cambridge Judge Business School. Ms. Telmesani was also chosen amongst the top 50 power list for the most influential ESG leaders in the Middle East and Africa regions.

Speaking on this development, Ms. Maryam Telmesani, said “It’s a pleasure to join the Advisory Board of Updapt and support the company in their efforts of providing Climate Tech solutions for businesses, across the globe including Middle East, to simplify their decarbonization and sustainability journey”.

She added that “I believe in collaborative efforts and merging AI and advanced tech with ESG reporting is a key to advancing the companies’ reporting development with accurate materiality. Hence, ESG reporting must evolve, matching the rigor and significance of financial disclosures, enabling all stakeholders including regulators and investors to understand the implications of ESG strategies and actions. The quality and consistency of ESG data is currently the biggest challenge and with the right technology tools, businesses can use ESG data to improve the impact and outcomes of ESG plans. Updapt has multiple and evolved digital ESG solutions under its product portfolio such as GHG accounting, scope 3 measurement, monitoring, reporting including AI and ML driven analytics enabling businesses in achieving their net-zero goals”.

To support ESG reporting and transparency, The United Arab Emirates Securities and Commodities Authority (SCA) now requires public joint stock companies listed in the UAE to adhere to specific ESG disclosure requirements. Saudi Arabia too has established reporting mechanisms and frameworks. The Capital Market Authority (CMA) in Saudi Arabia introduced the ESG Disclosure Guidelines in 2019, which require listed companies to disclose ESG-related information. The Saudi Stock Exchange (Tadawul) also launched an ESG index, encouraging companies to improve their ESG performance.

Mithun Suvarna, Co-Founder & CEO, Updapt, said “We welcome Ms. Maryam Telmesani on our Advisory Board and look forward to her insights on sharpening our solutions for companies in Middle East and penetrating the market. Her deep experience as Chief Sustainability Officer in reputed businesses would add a lot of value to our think tank”.

Satish Ramchandani, Co-Founder & Chief Business Officer of Updapt, added “Updapt is committed to Middle East market and as demonstrated through formation of a subsidiary in UAE including our participation in Gitex Impact Conference 2023 at Dubai World Trade Centre. Ms. Maryam Telmesani’s presence with us would help in honing our efforts for these markets and support the companies in their net-zero efforts through our SaaS based ESG tools”.

Ms. Telmesani further stated that “Saudi Arabia has demonstrated its commitment to sustainability through various initiatives. Under the Kingdom’s Vision 2030, Saudi Arabia has set ambitious targets, including increasing the share of renewable energy, enhancing environmental protection, and improving social welfare. And in recent years, Saudi Arabian companies have become increasingly aware of the importance of ESG factors in their operations. The kingdom is keen on achieving higher rankings on the SDG index and reporting will help capture traceable and credible data. UNGC overlooks sustainability in the private sector, and we see increasing demand in the region to follow sustainability measures and issue reports. While there are still challenges to fully integrating ESG considerations into business processes, climate tech solutions are going to play a pivot role in quickly and effectively addressing these challenges”.

About Updapt – an ESG Tech Co.:

Updapt is an ESG Tech Co. providing comprehensive, easy-to-use SaaS based ESG solutions to address end-to-end sustainability needs of enterprises and funds of varied sizes across industries and geographies. With clients in multiple countries, Updapt has a diverse product suite comprising of various digital ESG solutions for GHG accounting, reporting, AI and ML driven analytics, supply chain assessment, enterprise risk management, net-zero journey management. The digital tools support businesses in their climate change management goals and productive engagements with stakeholders such as Regulators, Investors, Rating Agencies, Lenders, Board, Customers, Supply Chain. For more details, visit www.updapt.com