Sustainability Reporting in Africa: A Comparative Study of Egypt, Equatorial Guinea, Kenya, Nigeria, Botswana and South Africa

In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, Forthcoming).

University of Oslo Faculty of Law Research Paper No. 2019-42

Posted: 15 May 2019

See all articles by Ondotimi Songi

Ondotimi Songi

CEPMLP, University of Dundee

Ayesha Dias

Independent

Date Written: May 6, 2019

Abstract

This chapter explores sustainability reporting regimes in six African countries representing sub-regions of the continent – Egypt, Equatorial Guinea, Kenya, Nigeria, Botswana and South Africa. It reveals that Africa is catching up on sustainability reporting as each jurisdiction is found to have a sustainability reporting regime with an identified regulatory model(s). However, the conflicting nature of sustainability reporting standards calls for a broader reform strategy or policy harmonisation. It thus argues that the African Peer Review Mechanism, Regional Economic Communities, and new African Continental Free Trade Area present opportunities for sustainability reporting policy harmonisation in Africa. It is further argued that African regimes should jettison self-regulatory sustainability reporting models and opt for sanctions-based models or hybrid models combining mandatory and voluntary approaches. It observes, however, that the future of sustainability reporting in Africa lies in integrated reporting with its impact not just on corporate performance but also on strong sustainability.

Keywords: Integrated Reporting, African Peer Review Mechanism, Regional Economic Communities, African Continental Free Trade Area

Suggested Citation

Songi, Ondotimi and Dias, Ayesha, Sustainability Reporting in Africa: A Comparative Study of Egypt, Equatorial Guinea, Kenya, Nigeria, Botswana and South Africa (May 6, 2019). In Beate Sjåfjell and Christopher M. Bruner (eds), Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability (Cambridge University Press, Forthcoming). ; University of Oslo Faculty of Law Research Paper No. 2019-42. Available at SSRN: https://ssrn.com/abstract=3383523

Ondotimi Songi (Contact Author)

CEPMLP, University of Dundee ( email )

Nethergate
Dundee, Scotland DD1 4HN
United Kingdom

HOME PAGE: http://www.dundee.ac.uk/cepmlp/

Ayesha Dias

Independent ( email )

No Address Available

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