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UAE is the 5th most change-ready country in the world, KPMG’s 2019 Change Readiness Index finds

UAE is the 5th most change-ready country in the world..

Outranks UK, US and Australia in overall preparedness for geopolitical, technology and climate change.

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Dubai, 17 June 2019: The UAE has been ranked fifth out of 140 countries in KPMG’s 2019 Change Readiness Index (CRI), which ranks participating nations based on how effectively they prepare for – and respond to – major change events. The CRI measured countries across three key pillars of capability: enterprise, government, and people and civil society. The UAE is the only country in the Middle East and North Africa region to place in the top 10.

This year’s edition of the CRI focused on preparedness for climate change and nations’ capabilities to address and mitigate associated risks. In this regard, the UAE surpassed several other developed countries, including the United States, the United Kingdom and Australia, placing fifth behind Switzerland, Singapore, Denmark and Sweden.

Exemplifying the nation’s commitment to addressing environmental issues, the UAE has developed a robust National Climate Change Program to mitigate climate change by 2050. The National Climate Change Plan consolidates the country’s climate action under a single framework and identifies strategic priorities, covering both mitigation and adaptation measures. The UAE’s Vision 2021 also targets development of a sustainable environment and infrastructure.

Fiona Tullett, Director, People and Change, KPMG Lower Gulf, said: “The UAE continues to make great strides in its endeavour to build a sustainable and clean future for its citizens. The government aims to invest AED 600 billion by 2050 to meet the growing energy demand in the country and ensure sustainable economic growth. If the program is to have a chance of being successful, we will need to work together towards our common goal of a clean future.”

Timothy Stiles, Global Chair of KPMG's International Development Assistance Services, commented on the analysis: “Climate change is among the most pressing issues we face as a global society. Those countries failing to recognize the impact of climate change are likely to be unprepared for its growing costs, which will be levied on citizens, businesses and economies around the world. Our 2019 report aims to demonstrate that there isn’t a one-size-fits-all approach to responding to major change.”

The top ten performing countries of the CRI remain largely unchanged from the 2017 report, with the exception of Norway, which has climbed from 11th to 8th place, replacing Finland in the top ten. The EU performs above the global average in environmental sustainability compared with other regions. The 2019 CRI, however, noted that Europe’s financial sector is falling behind both the global average and North America, and is performing marginally better than developing markets.

About KPMG’s Change Readiness Index (CRI)

The 2019 CRI is structured around three pillars (enterprise capability, government capability and people & civil society capability), with subindices for each pillar. It covers 140 countries divided into four income levels, and assesses their underlying ability to manage change. Countries included in this index were selected based on KPMG’s ability to obtain sufficient or comparable primary and secondary data. For more information, visit.

About KPMG International

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 153 countries and territories and have 207,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

For media enquiries, please contact:

Mara Carpencu

+971 4 506 5563

mara.carpencu@bpgorange.com

 

© 2019 KPMG Lower Gulf Limited, registered in the UAE and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in the United Arab Emirates. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International.

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