daniel chigunwe
Business Writer
Companies should make Environmental Social Governance (ESG) a priority in their operational strategies, as the concept is now a critical factor in the decision-making of discerning global investors.
In a speech at the 8th Zimbabwe National ESG and Responsible Business Achievements Awards 2024 on Friday, Minister of Environment, Climate and Wildlife, Dr Sithembiso Nyoni, said investors are now meticulously evaluating companies’ ESG criteria before committing their financial resources to any potential investment opportunities.
This year’s awards ceremony was themed “Creating a Better Future: ESG and CSR Awards for Sustainable Business Practices”, highlighting the importance of sustainability in today’s businesses.
The event brought together a diverse group of companies and individuals from various regions of Zimbabwe, to celebrate and recognise the remarkable achievements of entities that have shown exceptional commitment to integrating ESG practices into their operations.
The awards specifically honoured individuals and organisations that have successfully balanced economic growth with social responsibility and environmental stewardship, showcasing the integral role of sustainable practices in modern business.
In her address, Minister Nyoni said companies that proactively address these issues would enhance their appeal to both domestic and international investors, who are increasingly looking to put their money into businesses that prioritise sustainability and social responsibility.
“I am elated that the business community has not waited for the Government to enact ESG legislation but have taken it upon themselves to be responsible corporate citizens. I applaud your action in this regard.
“This is a reminder that as we work towards achieving our national vision, we should not forget the environment we live in, and the communities we live with.
“Your commitment to sustainability, social responsibility, and good governance is, indeed, inspiring. I am proud of the progress you have made in promoting CSR and ESG practices in Zimbabwe,” said Minister Nyoni.
Bongani Ndlovu