Overview
The term Sustainability has developed through the years to become an indisputable tool that financial institutions now use to examine their business operations and activities. Ghanian Financial Institutions began their journey into promoting a sustainable economy through sustainable banking about 2 years ago. A committee was inaugurated in 2015 by the Governor of the Bank of Ghana (BoG) to establish a sustainable banking framework that will drive innovation, market resilience and sustainable economy. The result was the establishment of Ghana Sustainable Banking Principles (GSBPs) launched in 2019.
This article explores areas such as current global development around ESG, the development of ESG in Ghana financial institutions as well as a review of what the future of ESG entails and how stakeholders like investors, regulators, employees, lenders, rating agencies, customers and the society at large will play a significant role in future ESG conversations.
