SIX Financial information organized on February 3, 2022, a webinar dedicated to ESG (Environment, Social, Governance) performance data. ESG practices are an innovation developed to facilitate the emergence of socially responsible investment.

ESG practices should be at the heart of any future responsible and sustainable investment. Faced with new market demands, there is a need for a rapid shift towards environmental, social and governance business strategies, because rhetoric is no longer enough, especially in developing countries.

Taking ESG performance data into account makes it possible to incorporate social and environmental issues and its responsibility in terms of governance into its overall management. Thus, this measure can not only increase the performance of a company but also enhance its image.

Large companies will not be the only ones to have to commit to respecting ESG performance data. Startups, SMEs / ETI have every interest in anticipating now. A company that integrates ESG performance data into its CSR approach has real meaning for potential investors. These criteria are at the heart of the labeling process between the search for performance and the responsible orientation of one's savings.

To make it easier for these clients, SIX group has updated its SIX ID application to simplify the analysis, evaluation and comparison of issuers with each other for a more socially responsible investment. According to Eric Loudenot, senior data consultant at SIX group, a latest version of SIX ID has been made available with ESG data that can be found in a new tab in the rating section. This window gives access to several comparable values.

With ESG performance data in SIX iD, users can benefit from ESG Scoring based on social media reactions directly on SIX ID. in other words, ESG data can be used to assess a company's CSR approach. Beyond the simple economic aspect, these criteria take into account the social and environmental impacts of the activities. ESG data thus reflects the actions of a company or a sector in terms of ecology, labor law and governance.

Testimony

In an Opinion-Editorial published on Financial Afrik, Souleymane Traoré, Chief Executive Officer, Compagnie des Bauxites de Guinée (CBG), Conakry, Guinea indicates that the governance aspect of ESG also means that players in the sector must reassess their own policies in light of government legislation and take responsibility for ensuring that environmental management and community development remain at the forefront of their activities.

“ CBG, we use ESG as a core development strategy because we want to make sure we leave behind a better world – balancing the need to create economic opportunity, but also making sure to avoid exploitative practices. environmental ," stresses Souleymane Traoré.

Then he will say, “ while CBG recognizes the inherent value of African mining value chains, these can only be developed sustainably – and profitably over the long term – through the principles adopted in ESG strategies ”.

According to him, the difference between ESG and typical corporate social investment work is that ESG requires transparent action plans and concrete numbers that can be seen by investors and the public. These quantifiable indicators must be proof of the work being done to change lives, which means that an organization cannot hide behind empty promises. ESG performance data is like a core development strategy, balancing the need to create economic opportunity.

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