By Edward Mungai
As we wake up to the news of more companies being cramped due to their environmental footprint and non-compliance, one is left to wonder if the role of business is changing. In the last four decades, there has been an intense debate on the role of business, and it is only recently that we have seen a shift where more Kenyan companies are looking beyond making money and maximize profits for their shareholders. There is a clear move by companies to have a clear duty of care to all stakeholders. More companies are now talking of sustainability, which is a concept that extends beyond compliance with legal mandates or even charitable donations and good deeds to embedding doing good into business strategy.
In 2016, the Climate Change Act came into effect in Kenya with the need to help the country head toward its commitments as well as make a better world for the future generation. The goal of the Act is to provide a regulatory framework for an enhanced response to climate change and to provide mechanisms and measures to improve resilience and promote low carbon development. This is a precursor for environmental sustainability in Kenya and businesses ought to have evaluated the consequence of the Act to their ventures.
Environmental sustainability generally addresses how the needs of the present can be met without compromising the ability of future generations to meet their own needs with the protection of natural resources and the environment…Read more>>