Context:
A multinational corporation sought to implement an ESG strategy in South Africa but faced misalignment with local socio-economic priorities.
Challenge:
The initial strategy was developed using a global framework, overlooking South Africa’s B-BBEE requirements and localised employment needs.
Solution Provided:
Applying Emerging Dynamics, we conducted:
- Socio-Economic Scoping: Aligning ESG goals with South Africa’s economic realities.
- Impact Mandate Definition: Shaping social investment to maximize local impact.
- Stakeholder Consultations: Ensuring alignment with government, civil society, and local communities.
Outcome & Impact:
The corporation’s ESG strategy was restructured, leading to improved compliance, stronger local partnerships, and greater business resilience.