Mergence argues for greater carbon disclosure in SA

By INGI SALGADO Mergence Africa Investments tried to rally fellow South African signatories to the UN’s principles for responsible investment (PRI) last year to back a campaign that would press companies to disclose their environmental footprints. It got a response from just one risk management company. “For all the talk around investors believing in understanding the risk of carbon, hardly anyone took it seriously,” says Rowan le Roux, a portfolio manager at Mergence. He has taken on the task of calculating the exposure of investments to carbon risks. The poor response was partly due to a similar initiative that was under way among emerging market signatories of the PRI. But that drive is…

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