As corporates proactively implement measures to operate more responsibly and improve their Environmental, Social and Governance (ESG) performance, 2020 is shaping up to be a watershed year for sustainable finance in Africa.
The continent’s mining sector is likely to be among the adopters of sustainable finance products, particularly as mining groups and their supply chains seek to demonstrate their positive societal and environmental impacts – and secure their social licenses to operate for the long-term.
Pursuing ESG policies and responding to the challenges of climate change are both seen as more important priority areas than growth for the global mining and metals sector this year, according to law firm White & Case’s latest annual survey. Less than 9% of respondents are pursuing growth as their leading goal for 2020.