Harnessing Africa’s Potential: advancing ESG strategies for a sustainable future
The opportunities for building a sustainable future for Africa are at least as great as the challenges, writes Christian Toben, Head of Financial Institutions for Emerging Markets at Commerzbank. Here, he discusses some of the positive initiatives that are helping to drive forward the continent’s ESG agenda and the crucial role of financial institutions in supporting Africa’s potential to step onto the global stage as a green energy hub.
According to a survey by the African Private Equity and Venture Capital Association, some 97% of respondents believe that environmental, social and governance (ESG) principles are a key consideration when making decisions on investments. ESG, it seems, is now as important in developing Africa as it is in mature markets such as Europe and North America.
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