SMEs struggle to 'afford' ESG compliance

Friday, April 14, 2023 | 190 Views |

Speaking out: Keebine PIC: PHATSIMO KAPENG

Small to Medium Enterprises (SME) are battling to catch up to the global demands for greater Environmental, Social and Governance (ESG) standards, Business Botswana president, Gobusamang Keebine says.

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.

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