THE Insurance and Pensions Commission (IPEC) says it is set to come up with an Environmental, Social and Governance (ESG) guideline for the industry.
This comes as the country’s financial services sector has started integrating sustainability and climate change principles, while regulators around the world are shifting ESG principles from a moral responsibility to a mandatory legal requirement.
ESG covers the major aspects of socially-responsible investments, and it is a framework for assessing the impact of the sustainability and ethical practices of an organisation.
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IPEC board chairman Albert Nduna
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