With investors and stakeholders increasingly looking for companies credible environmental, social and governance (ESG) ratings across the African continent, PwC and Risk Insights have formed a collaboration to assist stakeholders in their decision making regarding companies' ESG ratings.
Source: ©Rabia Elif Aksoy 123rf
From strategy to transformation to reporting, environmental, social and governance (ESG), or sustainable development, has undoubtedly become a business imperative and investors and other stakeholders are looking for companies with a robust approach to ESG.
PwC will use Risk Insights’ ESG GPS tool to access the underlying ESG GPS ratings reports and leverage ESG GPS database to advise companies on how to improve their ESG strategies, transformations, performances and reporting. ESG GPS currently covers the three major stock exchanges across the African continent - South Africa, Nigeria and Kenya.
PwC, through its New Equation strategy, aims to create value through ESG initiatives and green investments. The company is well-placed to support businesses and other organisations with their ESG efforts and initiatives, unlocking value for clients, shareholders, stakeholders and wider society.
It’s a revolutionary approach in how PwC sees opportunities to serve their clients as they work to build trust and deliver sustained outcomes and rising expectations for ESG performance.
Risk Insights has been providing AI-powered ESG ratings, using its proprietary rating tool ESG GPS.
In 2020, Risk Insights was a Winner of World Economic Forum (WEF) New Champions Award in Agile Governance and in 2021 Risk Insights were honored by WEF for Excellence in Sustainability as the first company in Africa to create an AI-powered tool for rating the ESG performance - ESG GPS.
The relationship between PwC and Risk Insights remains one of independent contractors and does not result in the verification or provision of assurance on each other's services.