ESG And Sustainability Reporting In Zimbabawe

It is common cause that the chief aim of any company or enterprise is to make a profit. Global consciousness has however moved on from this profit-centric approach and stakeholder pressure has seen the rise to prominence of ESG- Environment, Social and Governance- standards that seek to measure sustainability and impacts of businesses. Globally the utility of these set of standards has proved popular with an emerging class of institutional investors; aptly named ESG investors, coming to the fore and a general will for corporations/companies to be considered good corporate citizens. In the Zimbabwean context ESG or Sustainability reporting in not a new phenomenon particularly to listed companies who have been obligated to commission such report in terms of the Securities and Exchange (ZSE Listing Requirements) Rules 2019. Notwithstanding the stated statutory provisions, it is opined that the culture fro sustainability reporting is yet to cascade throughout Zimbabwe's