The Rwanda Stock Exchange (RSE) in collaboration with the Capital Market Authority (CMA) organised a training session on ESG Reporting Guidelines on Wednesday, 18 December 2024. This event brought together corporate leaders, policymakers, and stakeholders to promote the adoption of Environmental, Social, and Governance (ESG) reporting practices in Rwanda’s capital market industry.
Dr. James Ndahiro, Technical Advisor at the Capital Market Authority, delivered the keynote address. He stressed that “Our markets must lead the way in transparency and accountability. ESG reporting serves as a cornerstone for building businesses that not only deliver financial returns but also contribute to environmental stewardship and social development.”
Dr. Ndahiro added “This training reflects Rwanda’s commitment to aligning with global best practices in corporate governance. ESG compliance strengthens investor confidence and positions Rwanda as a regional hub in sustainable finance.”
Pierre-Célestin Rwabukumba, CEO of the RSE noted “ESG is not merely a trend but a fundamental pillar for attracting global investment. By adopting ESG reporting, we ensure that Rwanda remains competitive and aligned with international standards for responsible investing.”
Bhongolwethu Sonti, Africa Program Manager for the Global Reporting Initiative (GRI), offered practical insights into the implementation of ESG reporting frameworks. He stated, “Effective ESG reporting enables businesses to align their operations with global sustainability goals while addressing local challenges. This is the way we create resilient and impactful organisations.”
Loise Wangui Musyoka, Managing Partner at Protos Capital LLP, highlighted the importance of integrating ESG into business strategy “ESG reporting is more than just a compliance exercise; it is a powerful tool for driving innovation and building trust with stakeholders. Organisations that embrace ESG are better positioned to navigate challenges and seize opportunities in a fast-changing world.”
The training covered essential elements of ESG reporting, including aligning ESG principles with corporate strategy, ensuring transparent and comprehensive disclosures, and leveraging ESG to attract sustainable investment. Participants engaged in discussions on the long-term benefits of adopting ESG practices, which include enhanced corporate accountability, improved investor confidence, and contributions to national development goals.