Why more than half of listed firms are yet to make ESG disclosures

Nairobi Securities Exchange trading floor. FILE PHOTO | NMG

More than half of listed companies have failed to comply with the new directive from Nairobi Securities Exchange requiring them to make environmental social and governance (ESG) disclosures ahead deadline due to a lack of strict enforcement rules.

Only 29 companies, representing 46 percent listed at Nairobi Securities Exchange (NSE) have integrated ESG disclosures in their financial or annual reports ahead of the November deadline.

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