Africa-Press – Mauritius. The Intercontinental Hotel in Balaclava hosted yesterday a workshop on Environment Social and Governance (ESG), aiming to reflect on a shared vision, good industry practices and caring leadership in building a better future for Mauritius.
The Minister of Financial Services and Good Governance, Mr Mahen Seeruttun, the Chief Executive Officer of Mauritius Institute of Directors (MloD), Mrs Sheila Ujodha, the Chairperson of CARE Ratings, Mr Najib Shah, the Second Deputy Governor, Bank of Mauritius, Mrs Sewraj-Gopal, and other personalities were present.
In his address, Minister Seeruttun emphasised on the importance of sustainable business practices. The workshop, he said, will provide stakeholders of the public and private sector an appropriate platform to share thoughts and solutions on caring leadership which satisfies the needs of today as well as tomorrow’s generation.
It will also raise greater awareness on ESG imperatives and showcase ESG Strategies in Action in Mauritius, he underlined. The Minister announced that the National Committee of Corporate Governance, which operates under the AEGIS of his Ministry, is currently working on the design and development of an ESG Framework for Mauritius to ease the process for Government to raise financing on the international market
Mr Seeruttun observed that there is a paradigm shift from profit to purpose, and corporate ambition to a much wider community-wide ambition. Organisations which evaluate their success against a measure broader than financial performance are attracting increasing attention from investors, he highlighted.
He added that Boards which embrace the concept of long-term shareholder value and adopt ESG metrics and strategies stand a better chance of corporate success.
He also dwelt on the purposeful role played by the Stock Exchange of Mauritius in providing reassurances to investors that our markets are safe and secure for them to invest. The Minister moreover enunciated several Government Actions in the ESG and Sustainability space.
They are: Mauritius being signatory to the Paris Agreement to be climate-change resilient and a low emission country; developing the “Mauritius 2050 Pathways Calculator” to reduce Green House Gas emissions; and issuance of the Green Bond Framework for private issuers by the Financial Services Commission
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