Government Initiatives: The South African government has implemented policies aimed at promoting sustainable practices across supply chains. Initiatives like the National Development Plan and the Industrial Policy Action Plan encourage…
Definition of ESG Criteria: Environmental: Focuses on a company's impact on the environment, including energy use, waste management, pollution control, resource conservation, and climate change initiatives. Social: Concerns the company's…
Mandatory Reporting: Companies Act: South African companies are required to report on their financial performance, including disclosures related to their ESG practices. The act encourages transparency regarding environmental impact and…
Climate Change Mitigation and Adaptation: Companies are encouraged to assess their carbon footprints and develop strategies to reduce greenhouse gas emissions. This includes transitioning to renewable energy sources, improving energy…
Labor Practices: Basic Conditions of Employment Act (BCEA): This act sets the minimum working conditions, including hours of work, overtime pay, and leave entitlements. It ensures fair labor practices and…
