As part of the commitments made by capital market players in terms of sustainable development, the Moroccan Capital Market Authority (AMMC) and the Casablanca Stock Exchange have developed a guide on corporate social responsibility and the ESG reporting to companies offering public offerings.
Presented to market players and public companies on Thursday, May 25th, 2017 this guide aims to disseminate and promote the CSR culture among issuers and professionals in the sector by clarifying the various related concepts (Sustainable development, CSR, SRI, ESG) and by providing a practical approach for the implementation of the CSR approach and the adoption of ESG reporting.
The ESG reporting allows companies to communicate on the CSR approach put in place by the company and its performance through the Environmental, Social and Governance pillars.
Today, several scientific studies support the positive correlation between ESG performance and the financial performance of the company. The integration of sustainable development objectives into the activities of market participants is of major interest for issuers who will find in CSR and ESG reporting a way to improve their risk / return profile, but also for investors who can better assess the risks of issuers and make better informed decisions while improving the efficiency of the market as a whole.
The publication of this guide also answers to the commitments made in the framework of the Sustainable Stock Exchanges Initiative, a United Nations-led initiative that brings together more than 60 stock exchanges around the world and aims to encourage the stock markets to promote sustainable investment, good governance and transparency at the level of companies or listed securities.