Abstract/Summary

The purpose of the study was to explore how firms are adopting the ESG agenda and the challenges, tensions, dilemmas, and approaches faced by firms in integrating ESG factors in the strategy cycle. This report is the result of a research collaboration between Risk Insights and Henley Business School Africa. The research programme comprises three stages: i) an in-depth literature review; ii) interviews with senior business leaders from JSE listed organisations; and iii) a survey of the JSE listed firms. This white paper systematises the insights obtained by the research team from the literature review and 15 in-depth interviews with senior business leaders from JSE listed firms. Various key themes emerged from this analysis, which are explored, supported by data from the interview material, and complemented by literature insights. The report is organised into five parts: The nature of ESG: interpretations and motivations for adoption; • The board of directors and ESG strategy development; • Implementing the ESG strategy: progress, challenges, and barriers; • Communicating the ESG strategy performance; and • Conclusion.