An inductive analysis of ESG practices and assumptions of materiality amongst South African asset managers

 

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dc.contributor.advisor Giamporcaro, Stephanie
dc.contributor.author Worthington-Smith, Matthew
dc.date.accessioned 2020-10-15T11:50:21Z
dc.date.available 2020-10-15T11:50:21Z
dc.date.issued 2020
dc.identifier.citation Worthington-Smith, M. 2020. An inductive analysis of ESG practices and assumptions of materiality amongst South African asset managers. . ,Faculty of Commerce ,Graduate School of Business (GSB). http://hdl.handle.net/11427/32307 en_ZA
dc.identifier.uri http://hdl.handle.net/11427/32307
dc.description.abstract South Africa is a country burdened by the overhang of apartheid and recent state capture, and desperately trying to balance economic growth with well-being of all stakeholders. This has opened the door for ESG practices to provide holistic solutions for both society and business. This is made particularly relevant by applying business resources to the most relevant ESG issues facing companies, the focus of this study. To achieve the objective of promoting positive societal outcomes through better corporate engagement with ESG, the study analysed 22 asset managers, 25 companies and 25 earnings call transcripts for the opinions of asset managers, companies and analysts on which issues were material to them across five industries. Alongside this analysis, asset managers were interviewed for their opinion of ESG as it is currently practiced in the South African market, where they saw barriers to its practice and where potential improvements could be made. The study found alignment between asset managers and companies on the majority of material issues, but little alignment with analysts, suggesting a break-down in conversation between investors and companies. In particular, the issue of governance was stressed as the most important issue category by asset managers across all industries, but was given little air-time by both companies and analysts. These findings were consistent with the literature on investor perspectives of ESG, company ESG disclosure and materiality. The author suggests a model for materiality be developed to gauge company response to material ESG issues more consistently and aide engagement. Key words: ESG, sustainability, materiality, decoupling, disclosure
dc.subject ESG
dc.subject sustainability
dc.subject materiality
dc.subject decoupling
dc.subject disclosure
dc.title An inductive analysis of ESG practices and assumptions of materiality amongst South African asset managers
dc.type Master Thesis
dc.date.updated 2020-10-15T11:30:02Z
dc.language.rfc3066 eng
dc.publisher.faculty Faculty of Commerce
dc.publisher.department Graduate School of Business (GSB)
dc.type.qualificationlevel Masters
dc.type.qualificationlevel MPhil
dc.identifier.apacitation Worthington-Smith, M. (2020). <i>An inductive analysis of ESG practices and assumptions of materiality amongst South African asset managers</i>. (). ,Faculty of Commerce ,Graduate School of Business (GSB). Retrieved from http://hdl.handle.net/11427/32307 en_ZA
dc.identifier.chicagocitation Worthington-Smith, Matthew. <i>"An inductive analysis of ESG practices and assumptions of materiality amongst South African asset managers."</i> ., ,Faculty of Commerce ,Graduate School of Business (GSB), 2020. http://hdl.handle.net/11427/32307 en_ZA
dc.identifier.vancouvercitation Worthington-Smith M. An inductive analysis of ESG practices and assumptions of materiality amongst South African asset managers. []. ,Faculty of Commerce ,Graduate School of Business (GSB), 2020 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/32307 en_ZA
dc.identifier.ris TY - Master Thesis AU - Worthington-Smith, Matthew AB - South Africa is a country burdened by the overhang of apartheid and recent state capture, and desperately trying to balance economic growth with well-being of all stakeholders. This has opened the door for ESG practices to provide holistic solutions for both society and business. This is made particularly relevant by applying business resources to the most relevant ESG issues facing companies, the focus of this study. To achieve the objective of promoting positive societal outcomes through better corporate engagement with ESG, the study analysed 22 asset managers, 25 companies and 25 earnings call transcripts for the opinions of asset managers, companies and analysts on which issues were material to them across five industries. Alongside this analysis, asset managers were interviewed for their opinion of ESG as it is currently practiced in the South African market, where they saw barriers to its practice and where potential improvements could be made. The study found alignment between asset managers and companies on the majority of material issues, but little alignment with analysts, suggesting a break-down in conversation between investors and companies. In particular, the issue of governance was stressed as the most important issue category by asset managers across all industries, but was given little air-time by both companies and analysts. These findings were consistent with the literature on investor perspectives of ESG, company ESG disclosure and materiality. The author suggests a model for materiality be developed to gauge company response to material ESG issues more consistently and aide engagement. Key words: ESG, sustainability, materiality, decoupling, disclosure DA - 2020 DB - OpenUCT DP - University of Cape Town KW - ESG KW - sustainability KW - materiality KW - decoupling KW - disclosure LK - https://open.uct.ac.za PY - 2020 T1 - An inductive analysis of ESG practices and assumptions of materiality amongst South African asset managers TI - An inductive analysis of ESG practices and assumptions of materiality amongst South African asset managers UR - http://hdl.handle.net/11427/32307 ER - en_ZA


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