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ESG in Africa: Relevance and Applicability

In: Demystifying Environmental, Social and Governance (ESG)

Author

Listed:
  • Karamo NM Sonko

    (Heeno International)

  • Mariama Sonko

    (Jula Consultancy FZE)

Abstract

This chapter lays out the case and argues for the relevance of ESG in Africa. However, it points out that norms of international practices and conventions applied in the developed countries must not be expected overnight in Africa. This includes attention to ESG, which (as stressed and proven in this book) is a new phenomenon, about which there is little knowledge at the moment. Nevertheless, the knowledge is growing and ESG can play a very important role in tackling the continent’s environmental, economic, and social challenges and, thus, enhance economic growth and benefit the private sectorsector/businesses, communities and others in both the short and long runs. It draws attention to the possibilities that ESG offers for public–private partnerships for the national good, including the good of the businesses themselves, in Africa.

Suggested Citation

  • Karamo NM Sonko & Mariama Sonko, 2023. "ESG in Africa: Relevance and Applicability," Palgrave Studies in Impact Finance, in: Demystifying Environmental, Social and Governance (ESG), chapter 0, pages 37-75, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-031-35867-8_2
    DOI: 10.1007/978-3-031-35867-8_2
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