{"id":30813,"date":"2022-07-07T10:56:41","date_gmt":"2022-07-07T10:56:41","guid":{"rendered":"https:\/\/sustainablesquare.com\/?p=30813"},"modified":"2022-07-07T11:17:29","modified_gmt":"2022-07-07T11:17:29","slug":"discussing-organisation-boards-and-their-roles-in-delivering-esg-success-sustainable-square-kenya","status":"publish","type":"post","link":"https:\/\/sustainablesquare.com\/wp.old\/discussing-organisation-boards-and-their-roles-in-delivering-esg-success-sustainable-square-kenya\/","title":{"rendered":"Discussing Organisation Boards and Their Roles in Delivering ESG Success: Sustainable Square Kenya"},"content":{"rendered":"\n

ESG has grown from a foreign concept to a well-accepted, much sought after, must-do<\/em> practice for all brands across sectors.<\/p><\/blockquote>\n\n\n\n

Sustainable Square Kenya had a chance to participate in this year\u2019s 21ST Century Boards Programme \u2013 2022, organised by The Leadership Group<\/a> from the 22nd<\/sup> \u2013 24th<\/sup> of June 2022 at Sarova Whitesands Mombasa – Kenya. <\/p>\n\n\n\n

This year\u2019s event brought together senior managers and board members of various business and government departments under the theme: 21st Century Boards: Building Effective Boards that Deliver Excellent Performance. The event invited a participatory approach where delegates were able to share their own experiences and expectations from the sessions.\u00a0<\/p>\n\n\n\n

Environmental Social and Governance Practices<\/strong><\/p>\n\n\n\n

During the event Sustainable Square Kenya discussed Environmental, Social and Governance practices in two of the sessions: Board Governance of ESG and Board\u2019s Role in Corporate Citizenship\/Stakeholder Relations. <\/p>\n\n\n\n

The presentations covered key areas of ESG; the Fundamentals of ESG, Business Case, Strategy and Integration, and Reporting.<\/p>\n\n\n\n

Highlights on ESG<\/strong><\/p>\n\n\n\n

  1. ESG has grown from a foreign concept to a well-accepted, much sought after, must do practice for all brands across sectors. This was evidenced by the enthusiasm and participatory nature of the participants throughout the event.<\/li>
  2. Covid-19 pandemic acted as a wake-up call for most organisations to self-assess on social risks that would affect a company\u2019s brand reputation, bottom line and with the persistence of climate change impacts across the globe, the need to consider ESG as a means of assessing and managing potential business risks.<\/li>
  3. Most or all of the participating organisations were engaged in some form of ESG practise (knowingly or not) and have made some progress in the implementation of the same. Participants were able to highlight various Environmental, Social and Governance topical areas being activated in their brands, selected from a provided set of topics in the presentation.\u00a0<\/li>
  4. There\u2019s a need for capacity building on the specifics of ESG integration and reporting \u2013 especially in Strategy Formulation, Stakeholder Engagement\/ Materiality and Disclosure<\/li>
  5. Brands\u2019 top management and boards need to embrace sustainability and champion it in their organisations for it to succeed. Participants whose top management had embedded sustainable business practices were already reaping the benefits in the value created.<\/li>
  6. There\u2019s still the concern of financial implications of implementing ESG practices in a number of organisations and thus the need for continued training on sustainability as a shared value concept.<\/li><\/ol>\n\n\n\n

    Over and above these observations, businesses in the East African region continue to commit to best practices in ESG integration and reporting. Regulatory bodies and business associations have also taken the initiative to provide guidelines and metrics for disclosures on various ESG issues such as;<\/p>\n\n\n\n

    1. The Nairobi Securities Exchange<\/a> has issued an ESG Disclosure guidance manual<\/li>
    2. The Central bank of Kenya<\/a> issued a guidance on Climate-related risk management and many other upcoming requirements<\/li><\/ol>\n\n\n\n

      We commend The Leadership Group<\/a> for their exemplary work in business leadership training and coaching, and in promoting responsible business practices in the region.\u00a0<\/p>\n\n\n\n

      <\/div>\n\n\n\n
      \n\n\n\n
      \n
      \n

      At Sustainable Square<\/a> we will continue to support organizations to identify Environmental, Social, and Governance (ESG) Risks, empower them to become more resilient, up-scale their impact, and assist them in conducting their operations in a responsible and inclusive manner through:
      ESG\/Sustainability Materiality Analysis
      Climate Change Scenario Analysis and Target Setting
      Climate Change, NetZero & ESG Strategy Development
      ESG & Climate Change Reporting and Disclosure
      ESG Benchmarking, Ratings and Investor Analysis
      Sustainable Finance & Responsible Investment
      Social Impact & Philanthropy<\/p>\n<\/div>\n\n\n\n

      \n

      For more information please contact:<\/p>\n\n\n\n

      Sustainable Square<\/strong><\/p>\n\n\n\n

      Enock Nyachae – Sr Advisor ESG and Social Investment <\/p>\n\n\n\n

      enyachae@sustainablesquare.com<\/a> <\/p>\n\n\n\n

      Enock Nyachae<\/a><\/p>\n\n\n\n

      <\/p>\n<\/div>\n<\/div>\n\n\n\n

      \n
      \n

      The Leadership Group<\/a> is an organisation that brings together industry experts to support current and upcoming leaders to develop and fully realize their potential in the ever-changing business market through 5 key pillars;
      Executive Coaching & Mentorship
      Governance and Board Practises
      Culture and Change Management
      Strategy and Business Advisory
      Leadership and Communication<\/p>\n<\/div>\n\n\n\n

      \n

      The Leadership Group<\/strong><\/p>\n\n\n\n

      Dr. Martin Oduor-Otieno – Executive Director<\/p>\n\n\n\n

      moduorotieno@leadershipgroup.co.ke<\/a><\/p>\n\n\n\n

      Dr. Martin Oduor-Otieno<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      ESG has grown from a foreign concept to a well-accepted, much sought after, must-do practice for all brands across sectors. Sustainable Square Kenya had a chance to participate in this year\u2019s 21ST Century Boards Programme \u2013 2022, organised by The Leadership Group from the 22nd \u2013 24th of June 2022 at Sarova Whitesands Mombasa – […]<\/p>\n","protected":false},"author":3,"featured_media":30814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"cybocfi_hide_featured_image":"","footnotes":""},"categories":[62],"tags":[63,68,80,67],"yoast_head":"\nDiscussing Organisation Boards and Their Roles in Delivering ESG Success: Sustainable Square Kenya - Sustainable Square<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sustainablesquare.com\/wp.old\/discussing-organisation-boards-and-their-roles-in-delivering-esg-success-sustainable-square-kenya\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discussing Organisation Boards and Their Roles in Delivering ESG Success: Sustainable Square Kenya - Sustainable Square\" \/>\n<meta property=\"og:description\" content=\"ESG has grown from a foreign concept to a well-accepted, much sought after, must-do practice for all brands across sectors. 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