ICAZ launches ESG reporting course in Zimbabwe
The Institute of Chartered Accountants of Zimbabwe (ICAZ) has announced a partnership with Bright Africa Consultancy Training to introduce a three-month course on environmental, social, and governance (ESG) reporting.
This initiative comes as investors worldwide are showing a preference for companies that actively implement ESG practices, reported NewsDay Business.
As capital within Zimbabwe becomes scarce, local businesses are recognising the necessity to adopt ESG policies, the institute notes.
ICAZ education manager Hope Mhindu said: 'ICAZ has partnered Bight Africa to offer a three-month ESG course designed for professionals who are seeking to enhance their understanding of sustainability and ESG reporting.'
'This course will cover key topics such as ESG Reporting Framework and Standards Concepts, the International Sustainability Standards Board, Global Reporting Initiative, Sustainability Accounting Standards Board, and Task Force on Climate-related Financial Disclosures, Sustainability Strategy and Reporting Processes.'
ICAZ aims to assist organisations in their transition towards integrated ESG reporting that adheres to international standards.
The institute is actively promoting a global ESG framework through educational initiatives, including certification courses and webinars, to enhance capabilities across various sectors.
In collaboration with Training and Advisory Services, ICAZ is also providing training on the International Financial Reporting Standards Sustainability (IFRS S), part of the IFRS Foundation's sustainability standards.
This aims to equip professionals with the knowledge required to navigate the landscape of sustainability reporting.
ICAZ has discussed two ongoing initiatives to establish a foundation for sustainability reporting within Zimbabwe.
The institute noted that by the year 2025, the importance of sustainability reporting will have increased, necessitating frameworks to guide companies in this field.
"ICAZ launches ESG reporting course in Zimbabwe " was originally created and published by The Accountant, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
5 hours ago
- Business Wire
Mitsubishi Electric Joins G7 Alliance on Nature Positive Economies
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has joined the G7 Alliance on Nature Positive Economies (G7ANPE) to promote investment in nature and nature-positive economies through knowledge sharing and the creation of information networks. The G7ANPE, which was established at the G7 Sapporo meeting in April 2023, is an international alliance that requires its member businesses, economic organizations, NPOs and NGOs to conduct activities that take connections between biodiversity and the economy into consideration, or to have the intention to do so. Mitsubishi Electric group has made sustainability a cornerstone of its business. The company promotes comprehensive strategic initiatives beyond the boundaries of its existing businesses and organizations in order to achieve 'Trade-On (mutual benefits)' that balance company growth and the enrichment of society and the environment. In addition to pursuing carbon neutrality and supporting circular economies, Mitsubishi Electric is particularly striving to be a frontrunner in the realization of nature-positive while also creating new businesses and strengthening its business foundation. In September 2024, Mitsubishi Electric group committed to disclose nature-related issues to investors and other stakeholders based on the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) and registered as a TNFD Adopter. The TNFD is an international initiative that provides a framework for companies and financial institutions to appropriately assess and disclose their dependency and impact on and risks to natural capital and biodiversity, as well as related business opportunities.
Yahoo
16 hours ago
- Yahoo
Camfil Releases 2024 Sustainability Report Emphasizing Transparency, Circularity, and Climate Action
The document offers a comprehensive, evidence-based account of the company's ESG progress, centered around measurable goals, rigorous data collection and alignment with the EU's CSRD. Riverdale, NJ, June 01, 2025 (GLOBE NEWSWIRE) -- In a year defined by heightened global expectations around corporate climate accountability, Camfil, a global leader in clean air technology, has published its 2024 Sustainability Report. The document offers a comprehensive, evidence-based account of the company's ESG progress, centered around measurable goals, rigorous data collection, and alignment with the EU's Corporate Sustainability Reporting Directive (CSRD). A Clear Shift from Rhetoric to Responsibility Camfil's latest sustainability report distinguishes itself with clear metrics and transparent reporting. The company disclosed total Scope 1 and 2 greenhouse gas emissions of 33,262 metric tons of CO₂ equivalent in 2024, up from 30,866 in 2023. The increase is attributed to business expansion, with mitigation efforts underway, including LED retrofit programs at its Conover facility in North Carolina and solar energy installations in Haslingden, UK and Ipoh, Malaysia. Camfil also advanced its commitment to circular design. Its AirCair Service—an end-to-end air filtration lifecycle solution—uses 100 percent renewable coconut-shell activated carbon and refillable CamCarb XG filters, significantly reducing landfill waste and industrial emissions. Global Standards, Local Actions With operations in more than 35 countries and a workforce of 5,700, Camfil's sustainability efforts go well beyond policy. The company's internal CamfilCairing 2024 campaign featured safety and health-focused activities across regional offices. Events ranged from emergency drills in Taiwan to employee wellness checks in the United Kingdom, all built around the theme 'Safety First.' Further, Camfil continues to influence industry-wide air quality benchmarks through its leadership in shaping ISO 16890, ISO 10121, and the upcoming Eurovent 4/26 standards. These contributions position the company not only as a manufacturer but as a global voice for clean air policy. Data-Backed Innovation Driving Results Camfil's proprietary Life Cycle Cost (LCC) software remains a cornerstone of its customer engagement strategy. The tool, backed by decades of real-world data, allows commercial clients to optimize their HVAC filter choices for energy efficiency and cost savings. According to the report, HVAC systems can represent up to 50 percent of a commercial building's energy consumption. Case studies in Thailand and Mexico demonstrated real-world impact, with CO₂ reductions exceeding 8,800 tons annually and energy savings that translated into hundreds of thousands of euros in cost reductions. Policy Meets Practice The report also addresses risks and areas for improvement. Camfil's first Double Materiality Assessment identified product recyclability, energy use, and labor conditions in global supply chains as priority areas. The company has responded by enhancing its supplier contracts, expanding whistleblower protections, and developing new governance frameworks to monitor these risks. On the social front, Camfil has implemented a group-wide Code of Conduct training, expanded anti-corruption programs, and set gender equity targets, including increasing women in leadership roles to 35 percent by 2030. 2024 Sustainability Highlights at a Glance Environmental Sustainability Camfil's guiding vision is rooted in the belief that 'Clean Air is a Human Right.' 55% of Eurovent-rated comfort filters achieved A+ or A energy ratings. The Life Cycle Cost (LCC) software continues to help clients reduce energy usage and cost. CO₂ Reductions: GPSC Thailand saved 8,800 tons CO₂/year—equivalent to 4,400 cars removed from roads. Pesquería, Mexico reduced CO₂ by 1,100 tons/year while adding €555,000 in annual profit. Refillable, recyclable products like CamCarb XG promote circular design. Solar and LED energy projects in the U.S., UK, and Malaysia are cutting emissions and costs. Social Responsibility Camfil employs 5,700 people across 35+ countries. CamfilCairing 2024 featured safety-focused events globally, including Malaysia, Sweden, and China. OSHA incident rate dropped to 1.7 in 2024 from 2.8 in 2023. 100% of new hires enrolled in Code of Conduct training; 75–85% completion rate reported. Over 70% participation in updated anti-corruption and trade compliance training. Resource & Waste Management Total waste decreased 8% year over year; 67% of waste was diverted from landfills. The AirCair Service uses renewable coconut shell carbon for VOC capture. The world's largest AMC filter regeneration center opened in Taiwan, creating 300 jobs. Clean Operations Total energy use for 2024: 101 GWh. Scope 1 & 2 emissions: 33,262 metric tons CO₂e, up due to operational expansion. 100% of Camfil sites are ISO 9001 certified; 40% have ISO 14001 environmental certification. Governance & Transparency A Double Materiality Assessment identified key ESG risks including recyclability and labor conditions. Camfil has aligned sustainability governance with EU CSRD mandates. Conflict mineral policies and a multilingual whistleblowing system support ethical sourcing and reporting. Source Links and Media Contact Official Press Release and Source Citations: MyNewsDesk: Contact: Lynne Laake Director of Marketing, Camfil USA Inc. Riverdale, New Jersey T: 888.599.6620 E: F: Friend Camfil USA on Facebook T: Follow Camfil USA on Twitter Y: Watch Camfil Videos on YouTube L: Follow our LinkedIn Page
Business of Fashion
17 hours ago
- Business of Fashion
This Week: Reviving the Sustainable Fashion Movement in Copenhagen
What's Happening: On June 3 in Copenhagen, the Global Fashion Summit kicks off three days of speeches and debate on mitigating fashion's impact on people and the planet. On the Defensive: This year's theme is 'Barriers and Bridges,' an acknowledgment that environmental and human rights efforts are on the back foot right now (past themes tended to take an 'onward and upward' tack; last year's was 'Unlocking the Next Level'). The second Trump administration has been a disaster for sustainability advocates, targeting environmental regulations, renewable energy and ESG investing. Aid cuts have kneecapped on-the-ground nonprofit work that both supported fashion's climate and labour initiatives and created a degree of accountability. Tariffs also are expected to squeeze both brands and manufacturers, diminishing funds for worthy environmental and social projects. Careful What You Say: In Copenhagen, relatively few representatives of big brands will take the stage, part of a wider pattern where the industry is choosing not to speak up for fear of becoming Trump's next target, even for causes they continue to support financially. ADVERTISEMENT One speaker to watch is Jessika Roswall, an EU commissioner whose purview includes circularity, who will address 'advancing the European Green Deal while simultaneously strengthening the EU economy.' Earlier this year, that framing led the EU to push to water down regulations that would impose strict reporting and monitoring requirements on fashion supply chains. But even in their current state, the rules are among the most aggressive attempts by a major economy to address fashion's toll on the planet. Bangladeshi labour rights advocate Kalpona Akter will also be headlining. Akter has been pushing the industry to change for decades, but she's speaking at a particularly precarious moment, with economic and political instability threatening the fragile gains that have been made. High-profile scandals, like the ongoing ruckus over luxury brand's links to sweatshops in Italy, highlight just have far the industry still has to go. Laying Low: The sustainable fashion movement is licking its wounds after a decade of big promises and underwhelming followthrough from the industry and governments. To re-secure buy-in from big brands and politicians, advocates need to win the argument that there is a business case for sustainability. The industry must also find a message that resonates with consumers who have learned to tune out talk of emissions and waste. Perhaps the 16th Copenhagen Fashion Summit will be where this new narrative begins to emerge. The Week Ahead wants to hear from you! Send tips, suggestions, complaints and compliments to
