Wake Up Everybody: Preparing for the Next Global Emergency
In November 1975, Harold Melvin & The Blue Notes released a defining single entitled ‘Wake Up Everybody’. The song was written at a time of high unemployment, racial tensions, social and economic hardship, and environmental degradation. Fifty years on, the song still charges us to collectively address the pressing environmental, social and economic needs of our time. (more…)
Five Ways that Gender Diversity Creates Value for African Companies
In my last Reflection, I wrote about the importance of the ‘S’ in environmental, social and governance (ESG) and how employee welfare and development benefits African companies. This Reflection builds on the ‘S’ by focusing on how gender diversity creates value for individual companies.
The COVID-19 pandemic is disproportionately affecting women and girls. The limited gains that have been made in recent years on gender equality within Africa’s business sector are at risk and the patriarchal systems that restrict women’s economic empowerment could be strengthened. (more…)
Creating Shared Value: Optimising Community Investments
In today’s world, companies are increasingly understanding that they have a responsibility to their local communities and to society as a whole. For socially responsible businesses, this means using their resources and influence to shape the lives of citizens for the better. But it also means creating a fit between core business objectives and their external environment, thereby establishing a social licence to operate. (more…)
Creating Value from the S in ESG: Prioritising Employees
In my last Reflection, I wrote about how African companies should view sustainability – or Environmental, Social and Governance (ESG) best practice – as a tool for creating value, rather than a form of risk mitigation or compliance with standards imposed by investors and lenders.
I define ESG simply as a company taking care of its surroundings and natural environment (E); taking care of those impacted by their business operations, including their employees (S) and; doing business with integrity and efficiency (G). (more…)