The expert speakers delved into six critical topics, including themes on governance as a driver for ESG, integrating ESG into strategy, and ESG communications.
In his opening remarks, Bohang Mohale, Chancellor of the University of the Free State, emphasised the importance of ESG as a fundamental pillar of sustainable development. Participating in the panel discussion, which looked into making the case for ESG hard in times, he echoed the prevailing narrative that Africa is not poor; it is merely “poorly managed.” He further added that the continent possesses immense potential that can be unlocked through effective ESG practices.
Mohale argued that by prioritising ESG, African countries can create a more equitable and inclusive society while addressing pressing environmental challenges such as climate change, biodiversity loss, and pollution. He emphasised the need for a comprehensive and holistic approach to ESG that integrates environmental, social, and governance considerations into all aspects of business and policymaking.
“Africa will continue to lose investment unless these [environmental, social and governance] risks are adequately addressed.”
Ndidi Nnoli-Edozien, a board member of the International Sustainability Standards Board (ISSB), reiterated the importance of ESG in attracting foreign investment. She underlined that investors are increasingly scrutinising the environmental, social, and governance (ESG) risks associated with their investments, particularly those related to climate change.
“Africa will continue to lose investment unless these risks are adequately addressed, and investors can see tangible progress in mitigating them” Nnoli remarked.
While Africa faces significant challenges in implementing ESG practices, the conference also presented opportunities for collaboration and innovation. Participants discussed the need for stronger institutions, regulatory frameworks, and corporate accountability to ensure that the benefits of natural resources are equitably distributed.
The panel also spotlighted the growing importance of ESG in the global economy.
As African companies increasingly integrate into global supply chains, they face increasing pressure to comply with international ESG standards and regulations. Failure to meet these standards can result in reputational damage, financial losses, and limited access to global markets.
Looking ahead, the panel emphasised the need for a comprehensive and holistic approach to ESG. Nnoli-Edozien urged businesses to focus on the PPP – purpose, passion and people – as the foundation for sustainable development.
The experts agreed that Africa can position itself as a sustainable development and economic growth leader by investing in the future and prioritising ESG.
The ESG Africa Conference is a significant milestone in the continent’s journey towards a more sustainable future. By bringing diverse stakeholders together and fostering dialogue on critical issues, the conference lays the groundwork for future collaboration and action.
Present your company’s ESG groundwork in ESI Africa Issue 2-2025, which will again be distributed at the 2025 ESG Africa Conference.
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