Webber Wentzel has collaborated with Linklaters to compile an ESG guide that covers key Environmental, Social and Governance (ESG) trends as well as what is on the horizon for 2024 in various jurisdictions, including South Africa.
Fuelled by a wave of global advancements in 2023, ESG considerations become a strategic requirement for businesses, with most businesses leaders taking proactive approaches to meeting ESG-related standards.
In 2024, African businesses will navigate a complex landscape shaped by critical developments. Our experts unpack key trends impacting the continent, including stricter international regulations on supply chain ethics and environmental impact. Mandatory ESG reporting and disclosures will become more common, alongside increased scrutiny of greenwashing practices. A carbon border adjustment mechanism could further impact trade. Businesses will also need to adapt to evolving regulations regarding transition disclosures, biodiversity protection, and sustainable finance. The outlook explores South Africa's specific situation with the Just Transition, while highlighting broader social considerations like business and human rights. Developments in competition law, healthcare reform, and global ESG disputes are also on the horizon. Finally, the report dives into the latest governance trends shaping responsible business practices.
See below the South Africa chapter that was authored by Garyn Rapson, Paula-Ann Novotny and Dalit Anstey.
