The Experience of Governance Innovations in South Africa

This paper, The Experience of Governance Innovations in South Africa, explores whether the extent to which Regulation 28, CRISA and JSE Integrated Reporting Standards (referred to as governance policy innovations) have influenced the level of investment that integrates Environmental, Social and Governance (ESG) in its decision making process.

It finds that while governance innovations have increased actors’ awareness about interrelationship between ESG factors and financial performance it has not resulted in the systematic integration of ESG issues into the entire investment processes and into value-creation models.