With environmental, social and governance (ESG) criteria becoming increasingly critical to stakeholders, mining companies in Africa face more demanding reporting requirements and evolving standards. ESG disclosure practices are becoming essential for sustainable operations, as they influence investment, regulatory compliance and corporate transparency, reports global engineering and scientific consultancy SRK Consulting.
The Johannesburg Stock Exchange (JSE) has set a high standard for ESG disclosure, consequently spurring African mining companies to adopt rigorous risk and environmental management protocols, says SRK Consulting partner and principal environmental scientist Philippa Burmeister.
“Sustainability reporting in terms of the JSE’s ESG disclosure practices has encouraged companies to set challenging risk and environmental management targets, and then publicly report progress."
This shift has heightened the visibility of environmental issues in corporate strategy, as mining companies increasingly recognise the role these factors play in attracting investment, adds Burmeister.
The African Securities Exchanges Association (ASEA) has further bolstered sustainability reporting across African markets by partnering with global initiatives such as the United Nations Sustainable Stock Exchanges initiative.
Read the full article here.
