Abdul Rashid Thomas’ Post

Embracing ESG metrics is indeed transforming corporate accountability and aligning Kenya’s financial sector with global sustainability goals. As financial institutions and regulators step up, Kenya has a unique opportunity to lead on environmental governance within the region. The ongoing conversation around mandatory ESG disclosures raises important legal questions, especially as companies adapt to transparent reporting. Setting these standards could position Kenya as a regional pioneer, attracting responsible investment and fostering a business environment where sustainability drives growth. It’s exciting to watch this momentum build!!

Boards in South Africa need to be aware of impending changes to the Environmental, Social and Governance reporting landscape, which will make #sustainability more than just a tick-box exercise. #ESG reporting has significantly evolved globally, with integrated reporting becoming common. Insights by Dalit Anstey. Read more: https://bit.ly/46iZOmm

Kenya’s shift toward ESG standards is driving corporate accountability and aligning investment with sustainability goals. Our insight below highlights the growing role of financial institutions and regulators in promoting ESG metrics, the legal questions surrounding mandatory disclosures, and the potential for Kenya to lead in environmental governance. #ESG #ESGStandards #CorporateAccountability #KenyaCorporateGovernance #Sustainability

The Council today adopted a new regulation on environmental, social and governance (ESG) rating activities. The new rules aim at making rating activities in the EU more consistent, transparent and comparable. More details to follow! #ESG #Regulation #ESGRatings #ESGRatingProviders #Consilium #EULaw #SustainableFinance #FinanzaSostenibile

First Nations Affairs has partnered with Australian Sustainable Finance Institute to advance the inclusion of First Nations specific minimum social safeguards within Australia's Sustainable Finance Taxonomy. This marks a significant milestone for First Nations communities in this country. The first of it's kind, this pioneering work sets a high standard and underscores the critical role First Nations will play in the transition to net zero. Stay tuned for upcoming consultations to ensure a comprehensive approach. #SustainableFinance #MinimumSocialSafeguards #Taxonomy #FirstNationsandFinance

🌍 EU Council Adopts New Rules to Regulate Environmental, Social, and Governance (ESG) Ratings Providers 📜 Landmark legislation passed ESG ratings providers in the EU will now be supervised by the European Securities and Markets Authority (ESMA), ensuring greater transparency and reliability. 🔍 Boosting investor confidence New rules aim to improve comparability and trust in sustainable financial products. 🌱 Global implications Non-EU providers must meet strict equivalence or recognition standards to operate in the EU. 🛡️ Conflict prevention Stricter guidelines on methodologies and conflict of interest management. 🚀 Next steps Rules to be enforced 18 months after publication in the EU Official Journal. Sources: Council of the EU, ESGTODAY #ESG #Sustainability #Finance #Regulation #Transparency #Sustainable #Investing #Strategy #Impact #Investment #Green #Responsible #Regulation #Future #Ethical #Climate #Environmental #Social #Governance #CSR #ECOFIN

IWA 48:2024, Framework for implementing environmental, social and governance (ESG) principles https://lnkd.in/dFxbutMe

The EBRD has updated its E&S policy and is accepting comments. I've attended a public consultation workshop and left my feedback. EBRD is a development bank Aspiro works a lot with. I've had a chance to observe and participate in the sustainability efforts within the projects it finances. It's curious how such policies seem too difficult to the organizations in developing countries, and at the same time inefficient in the eyes of advanced sustainability community. But maybe it's a bridge between the two worlds ) Key points of improvement in the current ESP (https://lnkd.in/eC9HEnHA), in my opinion: 🏭☁ stricter GHG emission mitigation 🙋♀️🙋♂️ including people-centric guidelines into the policy, to facilitate understanding and adoption of its concepts by the Clients #sustainability #developmentbanks #EBRD #ESP #GHG #carbonregulations #sustainableleadership

https://lnkd.in/d-YCqFRP Always exciting to have a #thoughtleadership piece in the Mail & Guardian! It's based on my recent webinar presentation to The South African Institute of Chartered Accountants (SAICA), making the point that for all the whinging about the 'alphabet soup of ESG standards', there are none of legal force in SA. Corporate SA (enterprises and their funders) have the luxury of designing and implementing innovative, locally responsive, impactful #ESG strategies and investments, resonating with #SDG's, and putting some meat on the bones of our rather wobbly looking #NationalDevelopmentPlan. I fear we will wait for European and other foreign regulation of off-takers of SA products to overwhelm us with rules which we can then complain about again. Please don't! Take advice, and do impactful things! Bowmans (Law Firm) ESG Africa Conference EBnet