What do ESG guidelines mean for corporates?

Stakeholders during the launch of the Nairobi Securities Exchange (NSE) Environmental, Social and Governance (ESG) Disclosures Guidance Manual at the Nairobi Serena Hotel on November 29, 2021. PHOTO | DIANA NGILA | NMG

Kenya’s strive to be a sustainability thought-leader was yet again demonstrated by the recent issuance of the Nairobi Securities Exchange (NSE) #ticker:NSE Environmental, Social and Governance (ESG) Disclosure Guidance Manual.

This was a strong indicator that Kenya will not be left behind as other global markets such as the UK announced their net-zero aligned financial centres making listed companies publish plans towards a net-zero economy by 2050. In Africa, NSE was the fourth stock exchange after Egypt, Nigeria and Botswana to release an ESG guidance manual that aims at improving and standardising information listed companies report.

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Note: The results are not exact but very close to the actual.