× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

NSE sets up how-to manual for ESG topics

By Jael Mboga | June 30th 2021

The Nairobi Securities Exchange (NSE) has put together an ESG disclosures guidance manual for application by listed companies and any other company that would like to integrate environmental, social and governance (ESG) into its strategies and report on its performance.

The project is supported by the global reporting initiative, a statement from NSE said. 

The manual is a "how-to" document that guides on how to identify material ESG topics, how to measure materiality of ESG topics, how to integrate ESG into strategy, and how to report on ESG performance, using an approach that meets international standards on sustainability reporting.

The move was informed by the fact that interest by investors and other corporate stakeholders in ESG matters has surged in the recent past.

NSE said the modern investor in the capital markets is more discerning and demanding more disclosure from listed companies.

"The Covid-19 pandemic, global environmental and social crises, the transition to renewable resources, and renewed focus on human rights practices has intensified the need and drive for ESG disclosures by corporates."

The manual is expected to help listed companies to address the shift in the assessment of corporate performance to a more wholistic view on both financial and non-financial performance.

To facilitate this assessment, listed companies would need to disclose both financial and non-financial performance metrics to an increasingly diverse set of stakeholders keen to understand the wider economic, social and environmental impacts the companies have on society while in pursuit of shareholder value.

"We invite stakeholders and the public to submit comments on the proposed ESG disclosure guidance manual available under the Market Regulations section on www.nse.co.ke."

Comments should be submitted to [email protected] by July 30.

Covid 19 Time Series


Share this story
What was inspired by muratina grew into a million-dollar firm
The Kenyan Originals plant in Baba Dogo processes over three tonnes of fruit monthly with a production capacity of 2,000 bottles daily.
Sh1.5b Mbita bridge now an 'open sore'
The bridge was opened in 2017. Vandals have torn apart the entire lighting system.