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When one size doesn't fit all: ABSA's social lens on sustainability in Africa

When one size doesn't fit all: ABSA's social lens on sustainability in Africa

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What does a ‘just transition’ really mean in practice? In this episode of the LSEG Sustainable Growth podcast, Punki Modise, Group Chief Strategy & Sustainability Officer at Absa Group discusses the link between sustainability and long-term value creation, how they are measuring social impact and the current challenges facing sustainable finance in Africa.

Chapters
  • (00:00:00) - Introduction
  • (00:01:49) - Why sustainability is embedded in ABSA's corporate strategy
  • (00:04:40) - Making social and business sense
  • (00:07:47) - Shareholder reception
  • (00:09:11) - Measuring social impact on the ground
  • (00:11:20) - What does a 'just transition' look like?
  • (00:13:45) - Unpacking ABSA's decision to opt out of the Net Zero Banking Alliance
  • (00:15:39) - Three critical sustainable finance challenges in Africa
  • (00:17:24) - Infrastructure gaps and energy poverty
  • (00:19:11) - Policy
  • (00:21:41) - ABSA's vision for 2030
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