BrazilOmani investor Ominvest partners with Sustainable Square to boost ESG impact
Ominvest has inked a partnership with Sustainable Square, aimed at embedding ESG principles into its strategy and unlocking the value of ESG for its investments and stakeholders.
Formally known as Oman International Development and Investment Company, Ominvest a leading investment company listed on the Muscat stock exchange. The group has assets under management totalling over $3.3 billion, with most of its investments and portfolio companies in the insurance, banking, private equity, capital markets, real estate and technology sectors.
While Ominvest has a strong presence in the Omani market, it also has investments across the GCC, Asia and other international markets.
The new partnership with Sustainable Square is in line with the company’s ESG strategy, said company leaders Waleed Al Yarubi and Feras Al Farsi.
Waleed Al Yarubi, who is Chief People, Corporate Communication and Sustainability Officer, said: “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.”
“Our strategic partnership with Sustainable Square represents a pivotal step in our journey to redefine investment through the lens of responsible stewardship.”
Feras Al Farsi, who is a Senior Manager for ESG, added: “At Ominvest, we are committed to building a resilient and sustainable future. Our partnership with Sustainable Square represents a strategic investment in our ESG capabilities.”
Headquartered in the UAE, Sustainable Square is a regionally operating sustainability consultancy firm with award-winning status. The consulting firm supports its clients with topics such as ESG, sustainability, climate strategies, and decarbonization, and also has a proprietary platform (‘Squarely’) that helps its clients monitor their ESG performance.
“We take great pride in our four-year partnership with Ominvest and its subsidiaries, and we look forward to achieving new milestones together,” said Monaem Ben Lellahom, Founder and CEO of Sustainable Square.
A key part of the engagement will see Ominvest use Squarely to elevate its ESG reporting and disclosure practices. “This state-of-the-art technology will provide us with deeper insights, enabling more transparent reporting, informed decision-making, and an even stronger commitment to responsible business practices,” noted Al Farsi.
