ESG Reporting In The Ghanaian Ecosystem

Introduction

ESG has quickly become the new buzzword, particularly in corporate circles. In the last decade or so, the concept has grown rapidly and continues to grow especially across major financial markets.¹ A 2022 study on ESG's momentum showed that more than a quarter of global investors consider ESG as vital to their investment approach.² Beyond financial markets, businesses and organizations have moved from a place of pure business profitability to focusing on the impact of their operations on the community at large. This requires transparency with various stakeholders, prime amongst them being investors and financiers. As part of the drive towards transparency and disclosure, 'ESG reporting' also known as 'Sustainability reporting' is being championed by stakeholders across the globe. Various metrics and standards have been developed in different countries to serve as a guide for companies in ESG reporting. Ghana is not left out of this drive as ESG