The Rwanda Stock Exchange (RSE) has unveiled its Environmental, Social, and Governance (ESG) Disclosure Guidance, marking a critical milestone in the integration of sustainability into the country’s capital markets.
Speaking at the launch, RSE CEO Pierre Celestin Rwabukumba highlighted the transformative potential of ESG principles.
“This is not just about rules; it’s about positioning Rwanda as a leading market for progressive financial practices,” he said.
The guidance aims to help businesses disclose financial and non-financial metrics, ensuring transparency and bolstering investor confidence.
Dr. James Ndahiro, Technical Advisor at the Capital Market Authority, stressed the pivotal role of ESG in shaping Rwanda’s economic future.
“Our markets must lead in transparency and accountability,” he said, adding that ESG reporting is essential for building businesses that drive financial returns while supporting environmental and social progress.
Africa Program Manager at the Global Reporting Initiative (GRI), Bhongolwethu Sonti, emphasized the global shift towards sustainable finance. “ESG integration is not just a corporate strategy; it is a financial imperative,” he noted, underscoring that strong governance structures are the backbone of ESG success.
The guidance provides tools for companies to measure ESG maturity, align with global standards like the UN Sustainable Development Goals, and navigate climate-related risks. For businesses, adopting these principles could mean better access to capital and enhanced investor trust.
“By championing ESG disclosure, we ensure capital flows towards initiatives that foster equitable growth and address climate challenges,” Sonti said.
He challenged stakeholders to view ESG as an opportunity, not an obligation, and to leverage green financing for impactful projects.
Rwanda’s proactive approach reflects its ambition to lead Africa in sustainable finance. As Rwabukumba concluded, “Together, we can build a more vibrant, inclusive, and resilient financial ecosystem.”
Loise Wangui Musyoka, Managing Partner at Protos Capital LLP, underscored the strategic importance of ESG integration, highlighting its transformative potential for businesses.
“ESG reporting is more than a compliance exercise; it is a powerful tool for driving innovation and building trust with stakeholders,” Musyoka said.
“Organizations that embrace ESG are better positioned to navigate challenges and unlock opportunities in a fast-changing world.”
The launch positions Rwanda as a regional pioneer in aligning economic goals with global sustainability standards, reinforcing its commitment to a low-carbon, innovation-driven economy.
