With Environmental, Social and Governance (ESG) reaching the mainstream in the past few years, there is a growing concern that there is a lot of focus on the “E” and “S” part of the equation while the “G” is being left behind, especially in geo-political discussions on climate change and the economics of transitioning to net zero.

The response to the recent COP26 conference is a perfect case in point. The excitement was palpable… Billions of dollars were going to flow into SA and other emerging markets, developed countries were going to provide funding for the much promised just transition...