In today’s business environment, companies are increasingly being judged not only on their financial performance but also on their environmental, social, and governance (ESG) practices. For South African SMEs, building a robust ESG framework is no longer optional—it’s essential for long-term sustainability, attracting investment, and gaining customer trust. Here are ten ways South African SMEs can develop a strong ESG framework.
1. Understand the Importance of ESG
Before implementing an ESG strategy, SMEs need to understand its significance. ESG focuses on environmental stewardship, social responsibility, and governance principles. This goes beyond compliance; it is about creating value, improving your business’s impact on society, and ensuring transparency and ethical decision-making. Embracing ESG can open doors to new markets, improve relationships with stakeholders, and help navigate regulatory environments. Continue here.
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