sustainability

The United Kingdom has released exposure drafts of its new UK Sustainability Reporting Standards (UK SRS). The proposed framework draws heavily from the International Sustainability Standards Board’s (ISSB) global baseline, namely IFRS S1 and S2, and is intended to provide high-quality, decision-useful sustainability-related financial information to capital markets.

Tanzania’s top banking executives, capital market leaders, and climate finance experts gathered in Dar es Salaam this week for the Green Finance Forum, issuing a unified call to fast-track sustainable investment and close the funding gap threatening the country’s climate goals. The high-level meeting, convened by the CEO Roundtable of Tanzania (CEOrt), focused on mobilizing private capital to accelerate the country’s green transition—amid mounting evidence that climate inaction could cost the continent trillions in lost productivity and deepening poverty.

The newly launched Carbon Markets Africa Summit (CMAS), organized by the VUKA Group, is expected to position Africa at the center of a fast-evolving global carbon economy. Scheduled for October 21 to 23, the summit comes at a moment of both urgency and opportunity: the world is recalibrating its approach to climate finance under the Paris Agreement’s Article 6, while Africa holds some of the richest, yet underutilized, carbon assets.

As carbon markets face mounting scrutiny, a new international coalition spearheaded by Kenya, the UK, and Singapore aims to restore integrity and trust, offering African economies a path to climate finance without the burden of debt.

KQ, ‘the pride of Africa’ has launched its 2024 Sustainability Report, announcing an ambitious plan to begin local production of Sustainable Aviation Fuel (SAF) within the next five years. The move signals a pivotal shift in the airline’s approach to decarbonization and comes at a time when global aviation is under mounting pressure to accelerate climate action.

Britam Holdings Plc has launched its 2024 Sustainability Report, disclosing a KSh2.4 billion spend on local and minority-owned suppliers, one of the largest such commitments in Kenya’s financial sector to date. The report, released this week, signals the insurer’s deepening alignment with environmental, social, and governance (ESG) priorities, and underscores the shifting role of insurance firms in shaping Africa’s sustainable development landscape.

The European Union has taken a decisive step to scale back its landmark sustainability and due diligence regulations, a move that could have far-reaching implications for African economies increasingly aligned with responsible trade and ESG reporting.

Lagos, Nigeria is set to host its first-ever national ESG summit as momentum builds across Africa to integrate sustainability into core development strategies. The Financial Institutions Training Centre (FITC) will convene key stakeholders on June 26 at The Art Hotel in Lagos for a landmark event focused on Environmental, Social, and Governance (ESG) innovation.

In a major step toward digital sustainability, the Global Reporting Initiative (GRI) has launched a new machine-readable Sustainability Taxonomy, offering African companies a timely opportunity to modernize and harmonize ESG reporting.

Africa’s critical role in the global mining and energy transition is set to take center stage this October as Cape Town prepares to host African Mining Week (AMW) 2025, a high-level forum expected to accelerate investment, innovation, and sustainable practices across the continent’s mineral economies.