Africa Outlook Post COP28: Transcript
This is the podcast transcript of the ESG and Sustainability podcast's first episode.
The impact of climate change and resource scarcity, accelerating urbanisation, increased population, changing demography and inequality, technological breakthroughs, and other megatrends are causing unprecedented disruption locally and globally.
There is an increased need for business leaders to embed sustainability into their operations, as financial factors are no longer deemed the primary drivers of value. Governments are increasingly aligning long-term national priorities, including the stabilisation of the macroeconomic environment, achieving agriculture and food security, ensuring energy sufficiency (power and petroleum products), with sustainability and a regulatory drive for ESG practice.
The global shift in the last two decades has revealed the importance of ESG factors in value creation and business resilience. Shareholders and other stakeholders are becoming more concerned about the consideration of environmental, social, and governance (ESG) factors in business operations and risk management.
ESG is a balanced scorecard for assessing non-financial implications and impacts as well as risks and opportunities.
Today, the emphasis on ESG is growing steadily as stakeholders across the business spectrum now see ESG as a window into a company’s future. Investors are factoring ESG criteria into their decision-making and rating/ranking agencies are assessing businesses using their ESG performance.
As ESG data and information are growing in disclosure and awareness, many organisations are getting lost in the wave of trends in ESG. Some of the common challenges organisations face today include:
At PwC, our purpose is to build trust in society and solve important problems. Our Sustainability/ Environmental, Social, and Governance (ESG) team leverages broad industry knowledge and experience as well as the empirical capability of our people to address clients' needs and deliver sustainable value.
We aim to help clients understand and execute on the options available to transform their organisation from strategy through execution to ensure relevance and profitability in a world undergoing dramatic transition.
Climate Change pose three risks to business continuity - transition risk, physical risk and liability risk. Inaction is not an option for any business at this time.
Learn more about Climate change.
This is the podcast transcript of the ESG and Sustainability podcast's first episode.
The ESG and Sustainability podcast highlights the issues on Environmental, Social Governance and Climate changes across the world.
Implementing Green Public Finance Management (PFM) in Debt Distressed Countries.
This report highlights key sustainability issues across the different sectors and its impacts on government, private and public organisation with respect to people, planet and prosperity. The issues covered shares insights to how we can achieve a greener Nigeria.