Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have achieved a significant feat by becoming the first companies in the country to receive independent assurance on their environmental, social, and governance (ESG) information.
This accomplishment highlights the companies’ dedication to transparency and accountability in their ESG reporting.
ESG reporting involves the disclosure of an organization’s environmental, social, and governance performance.
It encompasses various aspects such as greenhouse gas emissions, water usage, employee wages, and board diversity.
As investors, customers, and stakeholders increasingly seek detailed information on how companies manage their environmental and social impacts, ESG reporting has gained importance.
Toxiconsol Consultancy, operating as African Sustainability Consultants, a prominent consulting firm specializing in environmental sustainability, conducted the independent assurance process on Econet and EcoCash Holdings.
Toxiconsol thoroughly reviewed the ESG reporting process of these technology giants and concluded that the information provided was fair, accurate, and comprehensive.
In a joint statement, Econet and EcoCash Holdings expressed their pride in obtaining independent assurance on their ESG information.
They recognized it as a testament to their commitment to transparency and accountability, stating that ESG reporting is crucial for building trust with stakeholders and contributing to a sustainable future.
As listed technology companies on the Zimbabwe Stock Exchange, Econet and EcoCash Holdings are dedicated to supporting their customers in realizing the benefits of a connected life through their sustainability framework.
They view ESG management and performance as an opportunity to achieve their vision of creating a connected future that leaves no one behind, embracing responsible economic, environmental, and social practices.
Market analysts believe that by obtaining independent assurance, Econet and EcoCash Holdings are demonstrating their commitment to meeting the demands of investors, customers, and stakeholders, providing them with the necessary information to make informed decisions.
This achievement is expected to enhance the investment climate in Zimbabwe and attract more investment to the country.
Jane Kariuki, an African corporate governance expert, commended Econet and EcoCash Holdings for adhering to internationally recognized reporting standards, setting a remarkable example not only for businesses in Zimbabwe but also for those beyond its borders.
This milestone not only fosters trust among their stakeholders but also encourages the wider business community to prioritize sustainability, contribute to societal development, and strive for a more sustainable future.
The independent assurance of ESG information has become increasingly important as stakeholders demand greater transparency regarding companies’ environmental and social practices.
Econet and EcoCash Holdings have been at the forefront of holistic sustainability reporting, exemplifying that economic success and ethical practices can coexist harmoniously.
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