Authors: Wame Hambira*, University of Botswana
Topics: Tourism Geography, Environment, Development
Keywords: sustainability practices, sustainable development goals, tourism, stock exchanges
Session Type: Paper
Start / End Time: 1:20 PM / 3:00 PM
Room: Balcony K, Marriott, River Tower Elevators, 4th Floor
Presentation File: No File Uploaded
The 2030 Agenda for Sustainable Development was adopted in 2015 resulting in 17 Sustainable Development Goals (SDGs) and associated 169 targets. The SGDs are aimed at addressing the economic, social and environmental challenges facing the planet and the private sector is perceived to play a critical role. Tourism has become the fastest growing sector globally and consequently sustainable tourism is well positioned towards the realisation of the post 2015 development agenda.
This paper therefore evaluates the overall state of sustainability practices of Botswana Stock Exchange (BSE)-listed tourism companies. National stock exchanges play a critical role as change agents that catalise the uptake of new products in response to market demand. Consequently, the UN Sustainable Stock Exchange (SSE) initiative has been working with stock exchanges to develop more sustainable capital markets since 2009, the BSE being one of them.
In order to evaluate the company sustainability practices, a best practice reference list was constructed based on existing global practices and customised for Botswana. In addition, a questionnaire was distributed to all companies to elicit specific related information. Thematic analysis was employed based on recurring patterns and themes from the individual company profiles. These were synthesised in order to determine the overall state of tourism sector sustainability practices. Possible sustainability principles for adoptions by the companies are recommended.