News Formal

Global Market Scan: The construction industry under an ESG microscope - constructconnect.com

  • 📰 DCN_Canada
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 74%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

In addition to using profitability as a measure of success, the public and many investors are now looking at ESG (Environmental, Social, Governance) standards when evaluating companies and their business models. “Environmental” guidelines help companies

September 29, 2023

The history of ESG began in the 1960s when investors decided to filter out companies involved in businesses that supported the South African apartheid regime or were engaged in tobacco product manufacturing., initiated by UN Secretary-General Kofi Annan. The report stated adhering to ESG guidelines would allow businesses to manage their risks more effectively. However, critics of this approach claimed regulations would limit profitability and deter businesses from reaching their full potential.

Based on today’s reporting requirements, publicly listed companies must disclose detailed information, including ESG-related risks, on a regular basis. According to Sustainalytics, the ESG ratings for Lennar, D.R. Horton, Rio Tinto and Caterpillar range from mid to high., with the highest risk value of 8.9 allocated to its environmental-impact behaviour.

With respect to its governance position, 43 per cent of the company’s employees are female, and 50 per cent of its board directors are ethnically or gender diverse.The company has a high ESG Risk Rating of 34

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nestle Says Global Food and Beverage Market Has Been ShrinkingNestle SA said the total amount of food and drink sold globally has been falling since the start of the year, highlighting the challenge for the sector.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Market mind: Dollar glimmers in broad market gloomGerman and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that's enveloped markets in recent days. Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. The greenback stands at a 10-month high against a basket of other majors, and 10-year Treasury yields are hovering at a 16-year peak.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Market mind: Dollar glimmers in broad market gloomA look at the day ahead in European and global markets from Tom Westbrook German and Spanish inflation data and European consumer confidence data due today ...
Source: SaltWire Network - 🏆 45. / 63 Read more »