Significance of ESG and its Implications for Ethiopia's Capital Market Development

Part of the Knowledge Series six, a panel discussion on "Shaping the ESG Agenda in Ethiopia" took place in late July 2023. Moderated by Fassil A. Gebretsadik, Financial Market Director, FSD Ethiopia, the panelists included Hikmet Abdella, the Director General of the Accounting and Audit Board of Ethiopia; Sirak Solomon, a Senior Legal Advisor at the Ethiopian Capital Market Authority; Vimal Parma, CFA, a Senior Capital Market Specialist at FSD Africa; Akinyemi Awodumila, a Partner at Deloitte; and Nomsa Marsha, an E&S Specialist at IFC. The panel delved into the importance of ESG considerations and their direct relevance to auditing practices and the development of Ethiopia's capital market. Thought-provoking insights were shared, shedding light on the transformative potential of ESG principles in driving sustainable growth and accountability within the country's financial landscape.