Browsing by Author "Herbert, Shelly"
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- ItemOpen AccessAnalysis of the relationship between foreign shareholding and ESG performance of South African listed companies(2023) Addison, Kate; Herbert, ShellyGiven the global movement towards sustainability and the stagnant economic growth of South Africa, this study seeks to determine if there is a relationship between the foreign shareholding percentage of listed companies and the environmental, social and governance (ESG) scores of these companies. Foreign investment has been identified as a driver of economic growth. This study examines the relationship between ESG scores of JSE-listed companies and the percentage of foreign shareholding of these companies from 2015 to 2019. This study relied on ESG data provided by the FTSE Russell. In analysing the data through a generalised linear mixed effects model, this study identified a positive and significant association between the overall ESG, environmental, and social scores and the percentage of foreign shareholding, respectively. Stakeholder theory suggests that companies will determine action based on the interests of all relevant stakeholders. Where foreign shareholders are concerned about ESG performance, companies increase their ESG ratings, taking both their current and future investors into consideration. This study is value-adding in providing evidence for the South African government to mandate a national transition to better ESG practices.
- ItemOpen AccessImplications of the distinct or interchangeable use of the terms “ESG” and “sustainability” on reporting by global banks in the context of COVID-19(2025) Masemola, Mokganye Mathabo; Herbert, ShellyThe use of the buzzwords “ESG” and “sustainability” has been on the rise. Although used interchangeably, the terms “ESG” and “sustainability” have different meanings. This study explored the differences and similarities between the ESG disclosures and sustainability disclosures of banks, including whether there is an acknowledgement of the difference between the terms “ESG” and “sustainability” in 2019 and 2021 and the implications regarding reporting practices. The integrated reports and sustainability reports analysed are for a sample of 25 banks, as banks have a dual responsibility in terms of ESG and sustainability reporting. The sampled banks are from South Africa, Japan, the United Kingdom, the United States and France - where integrated reporting and sustainability reporting exist. An interpretative content analysis was performed on the reports, with results being recorded in a template. The implication of the distinction or non-distinction was further investigated in terms of the number of reports used to report on the matters, the purpose of the report, the target audience for each report, what constitutes the definition of materiality in the context of each report and whether Covid-19 contributed towards a change in the materiality constitution of those reports between 2019 and 2021. The results show that banks do not distinguish between “ESG” and “sustainability”. Further, the findings suggest that the non-distinction between the two terms by authoritative guidance, frameworks and standards mandatorily adopted results in no separation between the forms of reporting used to report on ESG matters and sustainability matters. As a result, more than one report is used to report on ESG matters and sustainability matters. However, the ESG matters and sustainability matters are disclosed together, leading to the purpose, target audience and materiality definitions being the same for both ESG matters and sustainability matters. Covid-19 is not listed as a critical contributor to determining material matters in 2021 as opposed to 2019.
- ItemOpen AccessPanda Flooring (Large Class Teaching Project)(2014-10-31) Davidson, Dhanyal; Herbert, ShellyThis is a video demonstrating the manufacture and distribution of bamboo flooring, including the internal controls necessary in the business. All documents are also included, such as the customer invoice and delivery note. This video is based on a fictitious business.
- ItemOpen AccessTrends in sustainability disclosures in the integrated reports of South African listed companies(2018) Herbert, Shelly; Graham, MarkOver the last 30 years organisations have increased their sustainability disclosures in response to an increased focus on corporate sustainability, which considers the economic, environmental, and social aspects of an organisation. With the introduction of integrated reporting, organisations are encouraged to use integrated thinking to create value for their organisation in the short and long term, using all of the capitals or resources available to them. The new emphasis on reporting on maximising the organisation’s human, social and relationship capital, along with its natural capital echoes the focus of sustainability reporting. However, the objectives of integrated and sustainability reporting differ in their focus, between a focus on shareholders and value creation, compared to a focus on the organisation’s impact on the environment, society, and the economy. This exploratory study examines trends in sustainability disclosure in the integrated reports of South African listed companies. It explores the trends in companies’ sustainability information in their integrated reports from 2011, when integrated reporting became mandatory in South Africa, following the implementation of the King Code of Governance Principles (King III) of 2009. It covers reporting up to 2015, when the 2013 International Integrated Reporting Framework (the Framework) of the International Integrated Reporting Council was adopted in South Africa. It also takes into account the 2013 G4 Guidelines of the Global Reporting Initiative. Interpretive content analysis is used, which involved creating a disclosure checklist based on the disclosure categories outlined in the G4 requirements. Issues relating to Broad-based Black Economic Empowerment ('BBBEE’) which are specific to South Africa were included in the disclosure checklist. This study does not seek to measure compliance with the requirements of the GRI, or the quality of the sustainability disclosures, but rather uses the requirements as a guide for sustainability disclosures that could be included in the integrated reports of South African companies. Statistical techniques were then used to determine if significant trends in disclosure were observable in the integrated reports from 2011 to 2015. The results show that there was a notable change in how sustainability disclosures are presented in the integrated reports, although there is no meaningful change in the number and type of sustainability disclosures. Industry classification, and the age and size of companies were also found to be significant in the quantity and quality of sustainability disclosures observed. This study provides insight into the integrated and sustainability disclosure practices of South African listed companies. It also examines their compliance with the guidance provided in the Framework relating to the preparation of fully integrated reports.
- ItemOpen AccessWorkbook 2011 - Large Class Teaching Project(University of Cape Town, 2011-02-15) Herbert, Shelly; Minter, Tessa; Lubbe, Ilse; Hyland, TarrynThis workbook is used across 3 courses in the Commerce Faculty - Financial Reporting 2, Information Systems in Business and Control of Financial Information Systems. It incorporates and integrates aspects of all 3 courses.
- ItemOpen AccessWorkbook 2012 - Large Class Teaching Project(University of Cape Town, 2012-02-15) Herbert, Shelly; Minter, Tessa; Lubbe, Ilse; Hyland, TarrynThis workbook is used across 3 courses in the Commerce Faculty - Financial Reporting 2, Information Systems in Business and Control of Financial Information Systems. It incorporates and integrates aspects of all 3 courses.
- ItemOpen AccessWorkbook 2013 - Large Class Teaching Project(University of Cape Town, 2013-02-15) Herbert, Shelly; Minter, Tessa; Lubbe, Ilse; Hyland, TarrynThis workbook is used across 3 courses in the Commerce Faculty - Financial Reporting 2, Information Systems in Business and Control of Financial Information Systems. It incorporates and integrates aspects of all 3 courses.