How ESG framework will drive sustainable growth for businesses in Africa-ETK Group

ETK Group, the leader in African business development, is building an Africa-focused Environmental, Social, and Corporate Governance (ESG) framework that will help companies to meaningfully measure how they are performing with respect to the non-financial risks and opportunities inherent to their day to day operations.

Speaking at the recent ETK ConnectXperience event that was held at the Wheat Baker Hotel in Ikoyi, Mrs Bolaji Sofoluwe, Group Managing Director of ETK Group unveiled the new framework, which has been developed for assessing companies using a series of guided questions and assessments.

She added that “while none of the existing frameworks have implemented a scoring system, we intend to align ourselves with best practice so that the scoring system will be reflective of what is adopted internationally”.

Brent Barnette, Operations Director at ETK Group also spoke about the importance of an Africa-focussed ESG approach as he highlighted a range of services that could drive better results for businesses, including a variety of baseline assessments such as materiality, risk and impact of supply chain challenges, as well as strategy development, implementation of mitigation and adaptation plans and other services to ensure meaningful results for businesses.

The event also explored the need for managed services solutions to support businesses and entrepreneurs to successfully run their operations while they are temporarily or permanently away from the country their businesses are located in.

ETK Group is a market expansion, trade, and development consultancy provider positioned to contribute to the growth of the African business market by bringing great business opportunities from around the world.

It is the leader in Africa market entry and business expansion and is the go-to-market entry partner for businesses globally. The company supports global and local businesses with effective strategy, planning, implementation, and e-consultancy to enable seamless and successful expansion into and across Africa.

ETK Group is strategically connected to international markets, which offers unique and lasting value to its clients. It has also delivered projects in 34 African markets and influenced over $1 billion worth of deals, making us one of the most prolific service providers in the African space.

ETK ConnectXperience was ETK Group’s second event in Nigeria and it presented various partnership and networking opportunities to enhance businesses’ competitive edge and fuel their growth in the global marketplace.

Notable guests at the event included representatives of Bank of Industry, International Finance Corporation, Africa Finance Corporation, Mastercard Foundation, General Electric, Africa Prudential and other reputable organisations.