Ghanaian businesses must align vision with strategy to mitigate ESG Risks – KPMG

During a recent UK-Ghana Chamber of Commerce webinar, Bernard Owusu-Ansah, a Manager at KPMG Ghana’s Governance, Risk and Compliance Services, urged businesses in Ghana to align their organizational vision with their strategies to effectively mitigate environmental, Social, Governance (ESG) risks.

He highlighted that over 70% of global companies face moderate to high ESG risks, which can hinder their operational resilience. Owusu-Ansah emphasized the importance of integrating ESG principles into business strategies and recognizing potential opportunities amidst risks.

He advised firms to assess their risk landscape, prioritize material issues, and engage key stakeholders to enhance their ESG performance, ultimately driving compliance and innovation. The webinar also addressed ESG risk drivers, frameworks, and mitigation strategies.