United Nations (UN)’s Brundtland Commission defines sustainability as development that meets the needs of the present without compromising the ability of the future generations to meet their own needs. It involves the accounting framework of the triple bottom line involving the economy, the environment and society also known as Profit, Planet and People.
The recent Carbon Tax Act of 1 June 2019 demonstrates South Africa’s commitment to the environmental challenges of Climate Change as a global citizen, player and signatory to the Paris Agreement. As financial markets in South Africa embrace the reality of climate change, the implications thereof have a good-news-bad-news effect.
From the end-to-end value chain beginning with producers and ending with consumers, all economic players need to understand Sustainability in the local context of the Carbon Tax Act 15 of 2019. Producers and manufacturers will be able to align their productive technologies with carbon tax liabilities while consumers can use their purchasing power to cast an economic vote on environmentally friendly economic players. This will ensure the planet is available for future generations.
In particular, this programme is designed for all economic participants in the value chain of South Africa economy as follows:
Industrial: Manufacturers, Suppliers, Retailers, Consumers
Financial: Investors, Lenders, Borrowers, Regulators, Asset managers, Financial Journalists, Financial advisors, Analysts, Portfolio managers, Traders, Speculators, Hedgers etc