FKE Member Briefing

ESG and what it means for your Business

Recording of the meeting can be accessed here.

Environmental, Social and Governance (ESG) investing has grown exponentially in recent years. Globally this type of investing accounts for somewhere between 1 and 2 out of every 4 investment dollars. More than 2,250 money managers who collectively oversee $80 trillion in assets have now signed on to the United Nations-backed Principles for Responsible Investment.  

Kenya is not a bystander. In November 2021 the Nairobi Securities Exchange (NSE) published the ESG Disclosures Guidance Manual. The Guidelines are aimed at improving and standardizing ESG information reported by listed companies in Kenya. Similarly, the Central Bank of Kenya (CBK) published its Guidance on Climate-Related Risk Management. The CBK Guidance contains requirements that ensure banking institutions adapt to effectively integrating climate-related financial risks in their management frameworks as well as business decisions and activities.  

ESG and its legal implications are for all companies including small companies not listed on stock exchanges. ESG legislation is increasing, and it has direct implications for smaller and medium sized companies. To explain these trends and what they mean for Kenyan business, large and small, Mrs. Jacqueline Mugo, EBS, FKE Executive Director & CEO, is hosting a briefing webinar for FKE members. The 90-minute webinar will hear from Wendy Boit Senior Officer, Corporate Affairs & Investor Relations Nairobi Securities Exchange on the NSE’s new ESG disclosure guidance manual; John Paul Ongeso, Senior Associate from Bowmans, a law firm with a presence across the Continent will give an overview of ESG Legal trends. From the International Labour Organization, Gary Rynhart and Bruce Ravesloot will outline why firms of all sizes need to engage in the ESG agenda and how they can successfully do that. Finally, FKE will give an introduction of FKEs new LEADER training programme – designed to support businesses on their ESG journey.

The bottom line is that if Kenyan enterprises want to access capital markets either locally or internationally or do business with these larger corporates, they will be subject to ESG screening

To participate at the Briefing please register at this link.