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2023 | Buch

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Demystifying Environmental, Social and Governance (ESG)

Charting the ESG Course in Africa

verfasst von: Karamo NM Sonko, Mariama Sonko

Verlag: Springer International Publishing

Buchreihe : Palgrave Studies in Impact Finance

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Technik" , Springer Professional "Wirtschaft"

Inhaltsverzeichnis

Über dieses Buch

Addressing a topic at the forefront of global interests in business and development, this book is the first comprehensive book in the world that addresses ESG wholistically. It combines academic and practical content through multidisciplinary analysis, integrating economics, statistics, finance, strategic management and mathematics with an African focus. The book argues that ESG is largely in the interest of the firms/companies themselves, in addition to benefitting the larger society in which they exist. It also makes it everyone's responsibility to play a part in addressing global climate challenges. Thus, the book views the survival of the corporations, economies and the larger societies as interlinked. It will be of interest to researchers, policymakers and business persons in and outside of Africa.

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Inhaltsverzeichnis

Frontmatter

Global Overview and Relevance in Africa

Frontmatter

Chapter 1. ESG: Global Importance, Origins, and Emergence

Abstract

This chapter introduces ESG, defines it, outlines its evolution, and clarifies misunderstandings with regard to the topic. It reviews the literature, caused for its rapid rise and carries out an extensive survey of related concepts and activities in different parts of the world. The complex web around the topic is unravelled and the reader is taken on the journey of sustainability which leads to Africa through the rest of the book.

Karamo NM Sonko, Mariama Sonko

Chapter 2. ESG in Africa: Relevance and Applicability

Abstract

This chapter lays out the case and argues for the relevance of ESG in Africa. However, it points out that norms of international practices and conventions applied in the developed countries must not be expected overnight in Africa. This includes attention to ESG, which (as stressed and proven in this book) is a new phenomenon, about which there is little knowledge at the moment. Nevertheless, the knowledge is growing and ESG can play a very important role in tackling the continent’s environmental, economic, and social challenges and, thus, enhance economic growth and benefit the private sector/businesses, communities and others in both the short and long runs. It draws attention to the possibilities that ESG offers for public–private partnerships for the national good, including the good of the businesses themselves, in Africa.

Karamo NM Sonko, Mariama Sonko

The Strategic Management of ESG during and after a Global Pandemic

Frontmatter

Chapter 3. Applying Strategic Management to ESG: Relevance of a Multipronged Approach Through the African PESTLE Analysis (APA)

Abstract

In this chapter, we present the African PESTLE Analysis (APA), an innovative strategic management framework, based on the values of the African woman and deriving from the structure of the traditional PESTLE Analysis. We take the reader through the application and we show how it can be used at the organization and personal levels. We further demonstrate the relevance to ESG.

Karamo NM Sonko, Mariama Sonko

Chapter 4. The COVID-19 Pandemic and ESG Reporting Priorities: Far Beyond Business as Usual

Abstract

This chapter assesses the impact of Covid-19 on African economies and the implications for ESG reporting. In the process, we discuss the incidence of COVID-19, the measures that have been or are being undertaken to contain and eliminate it in the continent. We also make recommendations for broader measures as well as ESG-specific actions necessary for the purposes of containment and elimination.

Karamo NM Sonko, Mariama Sonko

Chapter 5. Designing and Reporting ESG Disclosures

Abstract

In this chapter, we take the reader through the practical design and application of ESG reporting. We explain concepts that are essential and opportunities for sustainability that can be utilized in the process. We explore the list of reporting formats and rating agencies that dominate the international ESG reporting landscape. We also present actual ESG/sustainability reports of different organizations and end up with one that we have designed and applied to a unique and operating project of empowerment and inclusion for the benefit of persons of special needs in Africa.

Karamo NM Sonko, Mariama Sonko

Regional Case Studies

Frontmatter

Chapter 6. ESG in Egypt, Kenya, Nigeria, and South Africa

Abstract

This chapter carries out a survey of the reality and potentiality of ESG in Africa’s main regions—East, West, South, and North. The biggest economy in each region is looked at through its international agreements, national laws and stock markets, and NGOs. The interest and activity in each of the countries are found to be high and increasing, although recent, and affected by global developments.

Karamo NM Sonko, Mariama Sonko

Chapter 7. An Empirical Analysis of ESG and Corporate Performance in South Africa

Abstract

An empirical analysis of the relationship between ESG and corporate performance is carried out in this chapter, using South Africa as a case study. We cover the period from 2008 to 2018, using data for a total of 140 companies on the Johannesburg Stock Exchange (JSE). Our findings reveal that ESG disclosures are positively associated with financial and environmental performances and corporate governance is also positively related to financial performance.

Karamo NM Sonko, Mariama Sonko

The Way Forward

Frontmatter

Chapter 8. ESG: The Way Forward for Stakeholders

Abstract

In this chapter, we first summarize the seven earlier ones of this book. Then we make very important additions to the contents at the institutional/organizational and individual levels in Africa, whilst incorporating global implications too. Further contributions are made to the topic of ESG through discussions of the role of governments, Africa’s ESG priorities, avoidance of copy and paste, decoupling, stakeholder engagement, mutual benefit, greenwashing, corporate governance, carbon capitalism, technology, and the common guilt. It is argued that the responsibility for a better world, particularly through better environmental management, is everyone’s because the guilt is everyone’s.

Karamo NM Sonko, Mariama Sonko

Backmatter

Titel: Demystifying Environmental, Social and Governance (ESG)
verfasst von: Karamo NM Sonko
Mariama Sonko
Copyright-Jahr: 2023
Verlag: Springer International Publishing
Electronic ISBN: 978-3-031-35867-8
Print ISBN: 978-3-031-35866-1
DOI: https://doi.org/10.1007/978-3-031-35867-8

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