ESG compliance tops investor checklist
Friday, May 26, 2023 | 420 Views |
ESG PIC: SHUTTERSTOCK
ESG considerations are an increasingly becoming crucial in the business world as investors and financiers increasingly look to sustainability criteria when making investing and underwriting decisions.
Waseem Thokman, Head of ESG research at Peresec Research Institution, said companies and investors need to adhere not only to regulatory requirements and standards, but also go beyond compliance and stakeholder relations to look at the implications of their business models or companies they invest in.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...