As we become more aware of the importance of reshaping the way that the world does business and the fact that sustainability is essential and no longer optional, the role of ESG is establishing its place at the top of the investor and regulatory agenda.
Furthermore, investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities, making business sustainability practices a direct influence and meaning that most industry sectors need to improve ESG credentials if they are to remain viable.
Rafiq Ebrahiem, chairman for the Greater Kromme Stewardship, explains: “ESG issues are becoming increasingly more important to investors, with climate change and corporate governance being widely accepted as a reality and there is growing acceptance that business as usual is no longer an option.
“This shift has been further accelerated by the protracted global health pandemic and organisations have needed to prioritise the safety of their workers as well as taking care of their broader communities and society.”
A group of Eastern Cape wind power producers are doing more than just producing clean power. Through the Greater Kromme Stewardship (GKS) initiative, they are working in cooperation with local environmentalists to conserve natural habitats and protect local wildlife.
Through GKS, Tsitsikamma Community Wind Farm, Oyster Bay Wind Farm, Gibson Bay Wind Farm and Jeffreys Bay Wind Farm are stewarding the natural assets in the landscape in which they operate. The stewardship already has substantial bearing, with the initiative being described by an independent assessor as having secured more priority land for conservation in the region than any other initiative in the last fifty years.
“The group contracted a specialist conservation organisation, Conservation Outcomes, to identify and protect threatened plant and animal species in the Humansdorp/Clarkson area,” explained Maggie Langlands, of the Kromme Enviro-Trust.
Whilst the process may take time and require a long-term vision, often with extensive paperwork and administrative hurdles, it is essential to the sustainability of the area. “The goal is a worthwhile one and the declaration of new nature reserves and protected areas is cause for celebration,” added Langlands.
The GKS initiative has so far succeeded in taking four important areas to fully-protected status as well as four more areas in the final stages, awaiting only a signature from the MEC. This is in addition to nine more sites that are at various stages in the process of becoming formally protected.
