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Matching organisation values with ESG compliance in insurance sector
More than half of East Africans reported to have experienced economic crimes including sustainability fraud in the last two years. FILE PHOTO | SHUTTERSTOCK
There has been increased interest in ESG, as listed companies and financial institutions realise they have a leading role in making sure that their legal risk and compliance ecosystem matches their stated values and objectives.
The better a company’s ESG performance is, the lower the probability of it experiencing incidents such as workforce-related accidents, being involved in reputation-damaging controversies or being fined by regulators or government bodies.