South African Breweries (SAB) launched its ESG strategy at an event held at its Headquarters in Johannesburg. VP of Corporate Affairs at SAB, Zoleka Lisa said, “We have been thinking long and hard about what it means to be a sustainable company. We need to create growth and value for all our stakeholders and know…
Despite an increase in consumer products designed with environmental, social and governance (ESG) factors in mind, there are still few options available to the average retail investor who wants exposure to responsible investments. The global population is becoming increasingly aware of the rising threat of runaway climate change, resource depletion and pollution growth on our…
South32’s Hillside Aluminium operation has partnered with Solana Energy to bring sustainable energy to one of South Africa’s most important commercial hubs. Launched in June 2022, the multi-phased project will see the establishment of renewable solar power infrastructure in the Richard’s Bay and King Cetshwayo District (KCD) economic regions, which is expected to add between…
The South African Wind Energy Association (SAWEA) is calling on players in the wind sector to work together to deliver more for South Africa through the just energy transition. Under the rallying call of ’Wind Power Spearheading the Energy Transition for Accelerated Growth’, SAWEA is set to showcase progress to date and chart a way…
With a possible recession looming, Bill Gates is preparing to raise a new fund for Breakthrough Energy Ventures (BEV) to back innovative climate start-ups, on the heels of two billion-dollar funds that have together helped finance roughly 100 companies. “Even as the ebullience in investing in tech and climate companies is down a bit, I…
Bloomberg reports that Zimbabwe Minister of Finance has called on mining companies in the country to pay royalties in cash and commodities. Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its…
The ongoing turmoil in global financial markets is a symptom of global developments driven by three main mega-trends: climate change, technological advancements and an increase in geopolitical tension. These issues are fundamentally transforming the business environment. While it may be too early to announce “de-globalization”, manufacturing players are fundamentally rethinking their business agendas and global…
Rio Tinto this week announced it will join the First Movers Coalition, a global initiative to help commercialise zero-carbon technologies by harnessing purchasing power and supply chains. More than 50 companies with a collective market value of about $8.5 trillion across five continents now make up the coalition to create early markets for innovative clean…
Global challenges amplified by the COVID-19 pandemic have made Environmental, Social and Governance (ESG) issues even more pressing for policymakers, boards and executives. To promote alignment among existing ESG frameworks, the World Economic Forum, with Partners including Deloitte, EY, KPMG and PwC, has identified a set of universal metrics and disclosures – the Stakeholder Capitalism Metrics. During the Sustainable Development Impact Meetings…
Mining and Energy Minister Gwede Mantashe says the Mpumalanga towns of Ermelo, Middleburg, Witbank, Hendrina and those within range of the coal-fired power stations would perish if the power stations were to be switched off. Addressing investors at the Limpopo Provincial Mining, Energy & Industrialisation 2022 Investment Conference on Thursday morning, Mantashe told delegates that…
