Sustainability-related disclosure is evolving rapidly across Africa, driven by increasing awareness of environmental, social, and governance (ESG) issues and the need for greater transparency and accountability in business practices. “The African Securities Exchanges Association (ASEA) is also behind this important agenda and is working towards harmonising sustainability reporting standards across member exchanges – promoting best practices and consistency in ESG disclosures,” said Burmeister. “Climate-related transitional risks refer to risks that companies face as a result of the transition to a lower carbon economy. “For transitional risks, clients need access to skills such as greenhouse gas quantification and transitional risk assessment,” she said. These tools will be critical in the identification of potential physical risks and inform measures required to adapt to the changes.

Source: The North Africa Journal October 15, 2024 08:10 UTC