The JSE released its first guide for companies reporting sustainability and climate-related impacts.
The Sustainability and Climate Disclosure Guidance documents are the first of their kind and are intended for use by both listed and unlisted companies, although not obligatory. The Climate Disclosure Guidance complements the Sustainability Disclosure Guidance - which is the overarching document on how and what information should be disclosed when it comes to Environmental, Social and Governance issues and climate change.
Daniel Mminele, head of the Presidential Climate Finance Task Force, delivered a pre-recorded keynote address noted that the guidance is a milestone on a continuous journey. "How do you as a citizen know that the company is polluting, and to what extent, if it does not disclose?" Makhubela put forward."Knowledge is power, and the availability of information empowers everyone to act," he added.
"Nobody wants to retire in a wasteland. The markets can give me the best financial return, but it does not help much if I am going to live and retire in a highly unequal and dysfunctional society, with unrest and floods."Stephan Bernard, ESG analyst at Allan Gray, noted that there has been a challenge in obtaining quality ESG data when it comes to assessing sustainability aspects of investments.
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