GRAY MAGUIRE: Steps are being taken to reduce risk of greenwashing
JSE has launched its Sustainability & Climate Disclosure Guidance documents to guide listed firms on best practice ESG disclosure
The last few weeks has seen a wave of pushback from highly placed business leaders against environmental, social & governance (ESG) reporting. This hit a crescendo last week when the Financial Mail published a lengthy report that asked: “Can this nascent concept, already mangled by over-eager marketing graduates, be rescued?” (“How marketing departments hijacked ESG (../../../fm/features/cover-story/2022-06-09-greenwashed-how-marketing-departments-hijacked-esg/)”, June 9).
Much of this critique revolves around two key issues: the composition of ESG funds, and the veracity of company level ESG claims. Or more pointedly, who says what is good or bad in ESG terms? How do we know ESG performance is actually making a difference? ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.