Materiality and double materiality are two critical concepts in business sustainability reporting, and they play a vital role in ensuring the effectiveness and credibility of sustainability reporting. These concepts determine which sustainability topics are relevant to a business and its stakeholders and the level of detail that should be reported about them. Materiality refers to...
The global economy started cooling off in 2022 and it is expected that we might end up in a recession in 2023. However, there is nothing new about recessions and the cyclical manner in which the world economy operates over the years. What we are currently experiencing has been experienced before and governments, businesses and...
Accounting for 70% of its 1.4 billion population and with a median age of 19.7 years, youths in Africa are its most valuable asset and resource in the region’s economic development. The continent’s massive youth population represents a huge opportunity for inclusive economic growth, but only if they are properly empowered to reach their full...
Smart Green Infrastructure (SGI) presents a huge investment opportunity globally, with an estimated USD100 trillion worth of climate action infrastructure required by 2030; in order to meet the Paris Agreement emissions reduction targets. However, there is a shortage of finance as well as a shortage of identifiable, investment-ready, and bankable projects. There is also lack...
In 2021 the world was coming out of the 2020 Covid-19 induced slowdown in the global economy; and the focus was on how to build resilience in countries across the world, to avoid plunging into a prolonged recession. At the United Nations Climate Change Conference (COP 26) held in Glasgow in the fourth quarter of...
The carbon credit market was established in 1997 as part of the Kyoto Protocol to limit greenhouse gas emissions. It is a market-based system that allows investors and corporations to trade both carbon credits and carbon offsets simultaneously to reduce their environmental carbon footprint. Emission trading is one of the key mechanisms outlined in Article...
The Africa Continental Free Trade Area (AfCFTA) agreement is an important instrument in helping Africa realize its economic integration and development goals. It builds up on the progress realized by the Regional Economic Communities (RECs) to establish a USD 3.4 trillion market of goods and services with over 1.3 billion people. The scope of the...