Global mainstream ESG platforms often don't cater to the unique needs of African markets, particularly smaller companies in illiquid stock markets.
Our research into 300 listed African companies reflected that less than 1 in 3 companies publish sustainability information.
Globally, companies have realised the importance of communicating their sustainable value to stakeholders. It would follow that the conversation around ESG and sustainability is also on the board agenda in African organisations.
High company profits and the disparity between the rich and poor is a strategic PR risk to African listed companies
Now more than ever companies need to display and communicate long term, sustainable value to stakeholders.
A focus on stakeholder capitalism means that increasingly companies’ working for profit is viewed negatively.