key measure of SA companies’ ability to improve ESG outcomes through their activities.
SA companies are generally well-governed and conscious of environmental and social impact but the country scores poorly on carbon emissions per unit of economic activity, and on certain corruption and government quality indices. This affects how SA businesses score on ESG, which seriously affects our ability to attract international investment. At the same time, we need huge amounts of investment to finance the decarbonisation of the economy.
“The barometer will be among the first in the world to measure and demonstrate how JSE-listed companies are taking an active approach to ESG and how they are incorporating ESG in their decision-making processes.This focus will come through an assessment of how companies go beyond the expectations and incorporate ‘additionality’ in their ESG execution.”In principle, ESG integration in the business strategy of organisations should make the world a better place for the most vulnerable.
While SA still needs to transition to sustainability, “every ESG model that we've studied in use around the world has no way to factor that consideration in”.
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