Firms urged to get reporting house in order
Zack Fineberg - Head of ESG and Sustainability at PKF Octagon
The recent signing into law of the Climate Change Bill is an essential step in SA’s fight to protect the environment.
However, a greater effort is still needed to get companies to track and report their emissions and improve their broader sustainability reporting practices.
Mitigation through a formalised law has, until now, been lax, as most SA companies are behind the curve in complying with legislated emissions reporting requirements, let alone proactive sustainable reporting measures and practices. Decarbonisation strategies have become increasingly urgent as other jurisdictions, such as the EU, look to impose carbon border mechanisms that account for the embedded carbon content of imports and prevent the relocation of local companies to regions with lax emission regulations.