While the economic scene is rapidly changing in terms of regulations, together with heightened SEC scrutiny and unprecedently increasing competition globally, the financial services industry is becoming more and more under pressures with hedge funds struggling with new regulations, to insurance agencies fronting cyber-security concerns, and companies, working in different sectors facing new many challenges. This entire situation is putting many entities in confrontation with both financial and operational implications on their businesses.
The global focus on environment-friendly solutions is accelerating due to the impacts of the accumulative irresponsible attitudes towards environment that led to serious negative implications on many aspects of both life and economies. This inclination towards combatting climate change has been further fortified by the supportive policies being increasingly adopted by governments around the globe with ambitious clean energy goals. Further, the dangers surrounding the availability and cost of traditional sources of energy, as well as the ethical questions raised in this regard, motivated many industries to consider adopting green energy. Technological advancements are playing a role as well in proposing new tools, business models, policies, and investments that address environmental challenges added up to the decreasing costs of renewable energy resources; collectively made renewables one of the most competitive energy sources in many areas in view of the increased focus on sustainability. With BDO global network joining the Net Zero Financial Service Providers Alliance (NZFSPA), BDO Jordan is exerting valuable efforts as to the fight against climate change. We adopt an environmental policy with the growing market demands, and the urgent need to substitute the present economic activities with the new green activities to achieve a green investment. BDO Jordan helps individuals, companies, and communities to address predicted risks brought on by climate change, and overcome any obstacles in the way of sustainability. We observe links between financial issues and environmental elements, to decrease the greenhouse gas emissions from business activities, reveal business activities’ effects on the environment to build plans and procedures for mitigating risks, ensure that projects implemented for clients comply with the local and international environmental standards, help create applicable governance structures to manage risks at the managerial levels, and develop procedures and practices to increase the revenues for the business, among other benefits.
Today’s banking industry faces a myriad of challenges, including fierce sector competition, heavy regulation by government authorities and central banks and the ever-increasing pace of technological advancement. To keep up, banks are seeking support to help them manage risk, meet regulatory requirements, ensure their cybersecurity, and satisfy evolving customer demands. Maintaining a healthy banking industry is crucial to society at large. Banks, when they perform well, stimulate economic growth and foster public trust. Moreover, they allow their customers to improve their financial lives through savings, loans and investments, propelling them towards a secure and prosperous future. BDO Jordan provides a wide range of services to support the banking industry, including but not limited to audit and tax assurance, regulatory advisory services and support, tax structuring advice, support for banking license applications, due diligence on foreign–owned banks, internal audit services, systems and control manuals, post-implementation systems reviews, valuations of financial investments, IFRS accounting, advice on all aspects of financial instrument standards and sustainable financial risk management.