JSE Ltd., which runs Africa’s biggest stock and bond exchanges, said it has changed its listing requirements to increase exposure to the rapidly growing environmental, social and governance investment sector and to allow the sale of bonds to raise funds to fight climate change.
The changes will allow the listing of debt securities with pre-defined sustainability or ESG objectives, it said in a statement on Tuesday. The South African exchange operator will also cater for climate-related bonds, the proceeds of which will be used to combat climate change or to fund responses to rising temperatures, including cushioning coal-dependent communities from the financial impact of a transition to clean energy.
To date, about $4 trillion worth of ESG-related debt has been sold globally, according to data collated by Bloomberg Intelligence, as concern grows about the warming climate, treatment of communities and equality in the workplace.
Of the 108 stock exchanges tracked
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