A Defining Step Toward Sustainable Finance

Oman has taken a bold and forward-looking step toward integrating sustainability into its financial and corporate landscape. The Oman Financial Services Authority (FSA) has announced that all private sector institutions will be required to adopt the IFRS Sustainability Disclosure Standards (S1 & S2) by 2029.

This move places Oman among the progressive economies recognizing that environmental, social, and governance (ESG) performance is no longer a voluntary commitment, it is a financial imperative.

Why This Matters

Mandatory ESG Reporting
Oman’s Financial Services Authority (FSA) has mandated all private sector institutions to adopt IFRS Sustainability Disclosure Standards (S1 & S2) by 2029 – a landmark move embedding Environmental, Social, and Governance (ESG) principles directly into financial reporting.

Global Alignment
This transition places Oman’s financial and corporate ecosystem in alignment with global sustainability and climate accountability frameworks, paving the way for greater investor confidence and international competitiveness.

National Vision
The adoption reinforces Oman Vision 2040 and the National Strategy for Net Zero, supporting an orderly, transparent, and sustainable economic transition.

Regulatory & Financial Risk
ESG risk is now financial risk. Boards, CFOs, and compliance leaders must begin preparations well before the 2029 deadline, ensuring data systems, reporting processes, and governance structures are ESG-ready.

GreenFi: Powering Oman’s ESG Transition

To support Oman’s private sector in this crucial transformation, GreenFi provides a comprehensive suite of ESG Technology and Advisory Services that help organizations transition smoothly towards IFRS S1 & S2 compliance.

Our mission is to simplify sustainability for organizations-integrating technology, analytics, and strategy to help you track, measure, and mitigate ESG risks effectively.

1. Track Compliance

Understand the regulations. Build the systems. Stay ahead.

• Map Oman-specific ESG and climate disclosure requirements under the FSA’s  framework.
• Establish data pipelines that connect operational, environmental, and financial information seamlessly.
• Deploy AI-powered ESG monitoring dashboards for real-time oversight of compliance indicators.
• Execute phased implementation plans, ensuring your teams gain the awareness, training, and resources to meet IFRS standards effectively.

GreenFi’s compliance solutions ensure that your ESG disclosures are accurate, consistent, and audit-ready well before the 2029 deadline.

2. Measure Performance

What gets measured gets managed.

GreenFi provides the tools and frameworks to help organizations measure and manage their sustainability performance with precision:

• Carbon, energy, and waste management systems aligned with GHG Protocols  and ISO standards.
• ESG metrics covering workforce diversity, occupational safety, governance ethics, and community engagement.
• Data integration and visualization tools to track KPIs against IFRS S1 & S2 metrics.

By embedding these measurement systems into your operations, your organization gains not only regulatory compliance but also efficiency, cost savings, and competitive advantage.

3. Mitigate Risks

From risk identification to sustainable resilience.

GreenFi’s AI-driven risk intelligence solutions help companies identify and mitigate potential environmental, social, and reputational risks before they escalate:

• Early-warning signals for ESG and climate-related vulnerabilities.
• Predictive analytics to forecast potential non-compliance or reputational events.
• Tailored response and recovery strategies that strengthen your organization’s sustainability resilience.

In a world where investors, regulators, and customers demand accountability, GreenFi helps organizations move from reactive reporting to proactive ESG leadership.

Benefits for Oman’s Companies

• Clear roadmap to achieve IFRS S1 & S2 compliance by 2029.
• Reduce ESG compliance risks, costs, and complexity.
• Strengthen your market position as a sustainability leader.

Next Step: Prepare for the Future of ESG

Oman’s adoption  of IFRS S1 & S2 represents a transformative moment for the nation’s financial and corporate community. The time to act is now-to build internal capacity, align your strategy, and ensure your organization leads, not lags, in the sustainability revolution.

Schedule a Free Knowledge Session on Oman’s IFRS S1 & S2 Mandates.
Our ESG experts at GreenFi  will walk your team through the requirements, timelines, and practical steps to begin your compliance journey.

Connect with GreenFi’s ESG Tech & Advisory team today to get started. – hello@greenfi.ai