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ESG integration in pre-investment decision-making: a private equity perspective from South Africa’s manufacturing sector
Mini Dissertation (MBA)--University of Pretoria, 2025.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2026
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| _version_ | 1867613513937059840 |
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| access_status_str | Open Access |
| author2 | Holland, Mike |
| author_browse | Holland, Mike |
| author_facet | Holland, Mike |
| collection | Thesis |
| dc_rights_str_mv | © 2025 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (MBA)--University of Pretoria, 2025. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/109240 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:20.986Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2026 |
| publishDateRange | 2026 |
| publishDateSort | 2026 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/109240 ESG integration in pre-investment decision-making: a private equity perspective from South Africa’s manufacturing sector Holland, Mike ichelp@gibs.co.za Maelane, Khomotso UCTD ESG integration Private equity Pre-investment Decision-making Manufacturing Mini Dissertation (MBA)--University of Pretoria, 2025. This study investigates how private equity (PE) firms in South Africa interpret, prioritise, and integrate Environmental, Social, and Governance (ESG) factors during the pre-investment phase, with a focus on the manufacturing sector. Drawing on qualitative interviews with PE professionals, it examines the mechanisms, drivers, sector-specific dynamics, barriers, and trade-offs that shape ESG decision-making. The findings reveal a hybrid integration model, where global standards are adapted through local governance norms, firm-level tools, intuitive heuristics, and pragmatic judgement. ESG integration is primarily driven by legitimacy demands from limited partners (LPs), particularly development finance institutions (DFIs), as well as regulators, and is frequently prioritised as a condition for capital access. Key barriers include limited internal capacity and portfolio-level gaps in ESG awareness, skills, and expertise, as well as inadequate infrastructure to collect and interpret ESG data. These constraints are compounded by the ongoing tension between ESG priorities and financial return expectations, particularly in the manufacturing sector, where firms must navigate sector-specific materiality under internal capacity limitations. While the financial value of ESG integration has not yet been fully realised at exit, firms anticipate firms anticipate that it will generate longterm financial benefits. The study contributes to literature by framing ESG integration as a strategic, interpretive process shaped by stakeholder expectations, institutional norms, and contextual realities in emerging markets. Gordon Institute of Business Science (GIBS) MBA Unrestricted Gordon Institute of Business Science (GIBS) SDG-09: Industry, innovation and infrastructure 2026-03-23T09:44:50Z 2026-03-23T09:44:50Z 2026-05-05 2025 Mini Dissertation * A2025 http://hdl.handle.net/2263/109240 en © 2025 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD ESG integration Private equity Pre-investment Decision-making Manufacturing ESG integration in pre-investment decision-making: a private equity perspective from South Africa’s manufacturing sector |
| title | ESG integration in pre-investment decision-making: a private equity perspective from South Africa’s manufacturing sector |
| title_full | ESG integration in pre-investment decision-making: a private equity perspective from South Africa’s manufacturing sector |
| title_fullStr | ESG integration in pre-investment decision-making: a private equity perspective from South Africa’s manufacturing sector |
| title_full_unstemmed | ESG integration in pre-investment decision-making: a private equity perspective from South Africa’s manufacturing sector |
| title_short | ESG integration in pre-investment decision-making: a private equity perspective from South Africa’s manufacturing sector |
| title_sort | esg integration in pre investment decision making a private equity perspective from south africa s manufacturing sector |
| topic | UCTD ESG integration Private equity Pre-investment Decision-making Manufacturing |
| url | http://hdl.handle.net/2263/109240 |