Reference no: EM134002948
Contemporary issues in Accounting
Sustainable materiality for UAE based company- Non FWA project
Company - FAB
Project Overview
The United Arab Emirates has positioned itself at the forefront of global sustainability efforts through a comprehensive framework of environmental initiatives and strategic commitments. Central to this transformation is the nation's ambitious Net Zero by 2050 strategy, which serves as the cornerstone for decarbonizing the economy and reducing greenhouse gas emissions across all sectors. This long-term vision is supported by an accelerated renewable energy expansion program that aims to significantly increase the country's clean energy capacity while reducing dependence on fossil fuels.
The UAE's Green Agenda 2030 provides a medium-term roadmap for achieving key environmental milestones, encompassing targeted climate action plans that address both mitigation and adaptation strategies. These initiatives extend beyond energy transformation to include sustainable agriculture practices designed to enhance food security while minimizing environmental impact, comprehensive water conservation programs that address the region's water scarcity challenges, and the systematic implementation of circular economy principles that promote resource efficiency and waste reduction. This multifaceted approach demonstrates the UAE's commitment to international environmental cooperation, ensuring full alignment with globally recognized frameworks including the Paris Agreement on climate change and the United Nations Sustainable Development Goals. Through these coordinated efforts, the UAE is not only working toward national sustainability objectives but also contributing to collective global action for a more sustainable and resilient future.
Task A
Each group must analyse the financial performance of their chosen company by calculating the required financial ratios for 2024 and 2025 (listed at the end of the project). Use the company's annual reports to compute all ratios, compare the results across the two years, and explain the key trends. Finally, provide insights into the company's financial health, debt management, profitability, and sustainability to highlight both strengths and areas for improvement.
Task : Critical Discussion Requirements
Students need to critically discuss the company's financial performance based on these calculations. Refer to the formulae sheet provided at the end of this document. No AI shortcuts — Get genuine assignment help from experienced, real tutors.
Task B
For the selected company, each group must analyze the company's Environmental and Social performance using GRI Standards and SDG indicators, focusing on the quality and implementation of its sustainability reporting (see Project - Table 2).
Task: Critical Discussion Requirements
Students are required to:
Complete the scoring sheet (Environmental and Social sections) provided in Table 2 at the end of the project, using the company's 2025 Integrated Report/ESG/Sustainability report.
Critically evaluate and discuss the extent and quality of Environmental and Social disclosures in the company's annual report.
Complete the scoring sheet (Governance Metrics) provided at the end of the project, using the company's 2025 Integrated Report/ESG/Sustainability report
Critically evaluate and discuss the extent and quality of Governance disclosures in the company's annual report.
Task C: Conclusion & recommendations
Using the information from Parts A and B of the project, students must provide a comprehensive analysis of the company's financial and sustainability performance, supported by specific improvement recommendations.
Presentation Requirements The presentation should:
Synthesize findings from tasks 1, 2, and 3, with a strong focus on SDG analysis and integration.
Provide an overview of the key findings, conclusions, and actionable recommendations from the report.
Demonstrate how the company's financial performance is linked with its sustainability initiatives, highlighting the creation of long-term value.