No environmental disclosures

Scores of companies listed on the Zimbabwe Stock Exchange are reluctant to disclose their activities against the environment, an independent business and environment consultant said recently.

In a recent study through the Centre of Environmental Accountability, Rodney Ndamba, a fellow of the Association of Chartered Certified Accountants, said only 3 percent of the 80 companies surveyed had given information pertaining to the effects of their businesses on the environment.

“Many companies in Zimbabwe are reluctant to disclose their activities against the environment as required by law,” Ndamba told delegates to a meeting on Publish What You Pay Zimbabwe Chapter Strategy Session.

“Only 3 percent of the 80 companies surveyed disclosed their activities to the public between 2010 and 2012,” he said.

He added that he was not at liberty to disclose the names of the companies.

Ndamba further informed the meeting that the Company Act was last amended in the 1950s and now needs to be changed to ensure companies adhere to the requirements.

The PWYP Chapter is a global campaign which the Zimbabwe Environmental Lawyers Association have adopted to demand transparency and accountability from the government and other stakeholders.

Post published in: Business

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