SMEs struggle to 'afford' ESG compliance
Friday, April 14, 2023 | 190 Views |
Speaking out: Keebine PIC: PHATSIMO KAPENG
ESG standards are increasingly preferred by investors globally and refer to a company’s behaviour and its commitment to the safeguarding of the environment, engaging or benefiting the community, and adhering to sound corporate governance.
ESG standards cut across areas such as climate change, relationships with employees and suppliers, sustainable sourcing, executive pay, shareholder rights and others.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...