Legal regime
There is no specific legislation enacted to regulate ESG in
Zambia. Various pieces of legislation may relate to one or more
components of ESG but there is no particular single law that
regulates ESG as a concept.
The Environmental Management Act, No. 12 of 2011 provides that
certain activities require environmental impact assessments before
they can be implemented. These include activities like mining,
construction, power generation, etc.
In the mining sector, the Mines Act provides that mining
companies are required to promote the environment and human health
in carrying out mining operations.
Companies listed on the LuSE are required to meet sustainability
reporting and disclosure obligations under the LuSE Listing Rules.
However, these disclosure obligations are not mandatory.
