Johannesburg, 24 June 2020 – The Johannesburg Stock Exchange (JSE) is proud to announce that the Green Bond Segment is being expanded to a fully-fledged Sustainability Segment and that, with effect from 23 July 2020, interested issuers can list social and sustainability bonds along with green bonds.
With the introduction of the Sustainability Segment, the JSE aims to provide a platform for companies to raise debt for green, social and sustainable initiatives on a trusted, global market place. The JSE’s Sustainability Segment will make it accessible and easier for companies to list and trade sustainability-related instruments to raise funds for activities directed at sustainable development.
“Earlier this year we engaged the market and put out for public comment the proposed amendments to our debt listing requirements for a new Sustainability Segment, and we are thrilled to bring it to fruition. In 2004 we introduced the first exchange-sponsored sustainability index globally, which was also the first sustainability index in emerging markets. We are also a signatory to the United Nations-backed Principles for Responsible Investment and a founding partner of the Sustainable Stock Exchanges Initiative. We believe the introduction of this segment is a further step in our commitment to the Sustainable Development Goals (SDG’s) and building a sustainable economy for today and future generations,” says Valdene Reddy, Director of Capital Markets.
The Sustainability Segment will be utilised for the listing of debt instruments that are used for raising capital for bonds where the proceeds are ring-fenced for activities directed at sustainable development. These include:
- Green bonds (including energy, water and waste);
- Social bonds (including UN SDGs, housing, schooling and health); and
- Sustainability bonds (a combination of green and social bonds) are specifically earmarked to raise funds for climate, social and environmental projects.
Through the Sustainability Segment, the JSE continues to commit to investing in a sustainable economy and supports businesses that focus on ensuring a future that is worth investing in today.
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The Johannesburg Stock Exchange (JSE) has a well-established history operating as a marketplace for trading financial products. We are a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products and services for the investor of the future. We offer secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives and debt markets. We pride ourselves on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. We are currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 130 years.
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