ESG reporting is becoming compulsory for exporters in particular, either through local legislation or global non- tariff barriers. South Africa’s Companies and Intellectual Property Commission (CIPC) introduced mandatory ESG reporting in Q4 of 2023, alongside XBRL filing.
This initially applies to public companies and state-owned companies, with voluntary filing currently open.
From the financial year 2025- 26, digital disclosure of ESG data by these companies will be compulsory, according to Gary Allemann of consultancy Master Data Management.
Dalit Anstey, knowledge lawyer at Webber Wentzel, points out that ESG disclosures and reporting are currently addressed in the King IV Code on Corporate Governance (King IV) as part of the integrated reporting framework approach adopted in King IV.
- Read the full article our Freight Features edition on “ESG”.