ESG Awards South Africa

About ESG AWARDS AFRICA

The World Economic Forum recently published its draft ESG metrics, which incorporate elements of the earlier  Task Force on Climate-Related Financial Disclosure. These WEF metrics align with the United Nations sustainable development goals (SDGs) and look set to become the global standard for ESG reporting.

ESG encompasses the three pillars of performance, namely Environmental, Social, And Governance, by which a company’s impact on society, and its effect on environmental sustainability, can be evaluated. It is an approach to evaluating the extent to which a corporation works on behalf of social goals that go beyond the role of a corporation to maximise profits on behalf of the corporation’s shareholders to ensure that the returns extend far beyond the financial, to build a better, fairer, and more sustainable future for everyone.

THE THREE PILLARS OF ESG:

ENVIROMENT

Measures how the company interacts with the natural environment, the impacts of its operations, and the actions the company takes to mitigate negative effects. It includes the energy your company takes in and the waste it discharges, the resources it needs, and the consequences for living beings as a result.
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SOCIAL

Measures how an organisation’s activities affect people — from its own workforce to customers, local communities and those who work in its extended supply chain. It addresses the relationships your company has and the reputation it fosters with people and institutions in the communities where you do business.
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GOVERNANCE

Relates to the policies, structures, and procedures by which an organisation explores the decision-making process and the distribution of rights and responsibilities between elements of the organization. It is the internal system of practices, controls, and procedures your company adopts in order to govern itself, make effective decisions, comply with the law, and meet the needs of external stakeholders.
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About Tshikululu Social Investments

Established in 1998, Tshikululu Social Investments is a social investment fund manager and advisor, working alongside investors and other development partners to maximise the power of social investment. Social investment is defined as any financial commitment – from grant making to impact investing – that seeks to drive and measure social impact. Tshikululu’s service offering is underpinned by a deep and hands-on understanding of the complexities of development and social investment.

As agents of social change, Tshikululu partners with clients throughout South Africa to realise their social investment goals. Over more than two decades, Tshikululu has operated in every province in the country, covering urban and rural areas, and collaborated with social investors in various industries including mining, financial services, renewable energy, property development, banking, insurance, healthcare and logistics.