Story by Stanley James, Business Editor
Zimbabwe’s economic sectors are embracing a culture of disclosing their Environmental, Social and Governance (ESG) systems in their 2025 business plans to attract global capital.
The ZBC News has gathered that firms in key sectors of the economy have submitted modalities to their shareholders on how they will respond to community needs and manage the environment they operate in.
Green Building Council of Zimbabwe president, Mr Mike Juru confirmed that the ESG roadmap is in motion.
He said, “The mining, agriculture, manufacturing, retail and food processing are making inroads or strides in as much as compliance to the principles of ESG are concerned to the extent that continuous review of the principles will further accelerate economic development policies.”
Economic sectors also stand to benefit by complying with ESG principles.
“Zimbabwe’s industry has a role to play in terms of the ESG standards while compliance is still low the next year presents opportunities in which businesses can embrace the principles that are vital in macro- economic sustainability,” added Mr Juru.
Under the environmental pillar, companies are expected to implement measures that sustain operations in response to climate change, natural resources and pollution.
The social aspect includes health and safety, human capital development and labour management, while governance is linked to business ethics and accountability.
