PUBLIC INVESTMENT CORPORATION
134 making a choice of where they should buy and who they should support .”
The environmental pillar of her role is , Manavhela explains , currently tied to the concept of risk management , compliance with legislation and applying best practice principles . “ South Africa is a water-scarce country . There is no way you can look at the risk management of a company and then not be forced to identify environment as one of those risks .” Environmental regulations become part of compliance and then , she explains , “ you start realising that there are other things that can help me save money , like resource efficiency ”. Transitioning from compliance to short-to-long-term sustainable practices is the roadmap for the Environmental element of Manavhela ’ s role . For companies to get of the national grid and adopt the renewable energy require a proper infrastructure and financial capital . Although there has been a successful reduction made of average cost of electricity generated from R2.37 to . 77c , the realisation of your investment is still within medium-to-long term . ESG issues cannot be achieved over night but require medium-to-long term
APRIL 2019