Lately i had an opportunity of attending a presentation where Sustainability reporting trends in Zimbabwe were presented. It was amazing to note that not much is being done by Zimbabwean companies to comply with the Requirments of the Enviromental Management Act , Green Reporting Initiatives (GRI) and other sustainability reporting initiatives globally.
Unfortunately there could be serious compliance costs in the future if companies do not position themselves in this important area. With the world looking at green reporting and pressure groups such as Green Peace and Friends of the Earth pushing governments to the limit, African companies need to consider sustainability reporting as an integral part of their risk assessments and corporate strategy.
Dony Mazingaizo has an interest in IFRS and Financial Management
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