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Country specific Initiatives South Africa

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CITY OF CAPE TOWN GREEN BOND FRAMEWORK

This Green Bond Framework sets out how the City proposes to raise Green Bond Finance and select programmes/projects/assets to which proceeds will be allocated. It compliments and should be read in conjunction with The Green Bond Reporting Framework. In order to ensure credibility of the City’s Green Bond, the administration, issuance, allocation and reporting of the bond and its proceeds will adhere to the internationally recognised Climate Bonds Standard version 2.1 (for more details please visit: www.climatebonds.net/standards/standard_download)

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C40 Good Practice Guides: Johannesburg - Green Bond
C40’s Good Practice Guides offer mayors and urban policymaker’s roadmaps for tackling climate change, reducing climate risk and encouraging sustainable urban development. With 100 case studies taken from cities of every size, geography and stage of development around the world, the Good Practice Guides provide tangible examples of climate solutions that other cities can learn from.
C40 Good Practice Guides: Johannesburg – Green Bond

C40’s Good Practice Guides offer mayors and urban policymaker’s roadmaps for tackling climate change, reducing climate risk and encouraging sustainable urban development. With 100 case studies taken from cities of every size, geography and stage of development around the world, the Good Practice Guides provide tangible examples of climate solutions that other cities can learn from.

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The JSE is committed to help build a stronger, more resilient green economy. Green Bonds from the JSE help to unlock the investment potential of green infrastructure, technologies and services. The proceeds of Green Bonds are exclusively used for the financing or re-financing of new or existing eligible green projects that have a positive environmental and/or climate benefit.

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Introducing JSE Green Bonds, home to Africa's Green Capital Market
The JSE is committed to help build a stronger, more resilient green economy. Green Bonds from the JSE help to unlock the investment potential of green infrastructure, technologies and services. The proceeds of Green Bonds are exclusively used for the financing or re-financing of new or existing eligible green projects that have a positive environmental and/or climate benefit.

With JSE Green Bonds, issuers can raise the capital they need to bring their green investments to life, while investors can satisfy critical Environmental Social Governance (ESG) mandates and address climate-risks as a part of their portfolio construction.

All JSE Green Bonds are required to be independently reviewed using a wide array of best practice methodologies that suit the issuer’s business model. By virtue of this process Green Bond issuers are automatically afforded improved governance perceptions by market observers given the increased disclosure of proceeds.

The JSE subscribes to apply flexibility and commerciality in regard of its Green Bond Segment rules in the context of the South African economy, which aims to provide the green bond market with trust and assurance around the environmental credentials of the bonds, by developing a clear criterion for what qualifies as a green bond.

The JSE is also a member of the Sustainable Finance Strategy workgroup with National Treasury and other representative organizations from the finance industry. We are active contributors to setting benchmarks and context relating to green finance in South Africa. ​​

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Johannesburg Green Bond Segment: a platform for companies and institutions to raise funds ring-fenced for low carbon initiatives and investors to invest SRI funds in securities that are truly green.

Johannesburg, 25 October 2017: Today the JSE celebrates the launch of its Green Bond Segment which provides a platform for companies and other institutions to raise funds ring-fenced for low carbon initiatives and investors to invest SRI funds in securities that are truly green.

The new guidelines have been developed by AMMC…

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Johannesburg Green Bond Segment: a platform for companies and institutions to raise funds ring-fenced for low carbon initiatives and investors to invest SRI funds in securities that are truly green.
Johannesburg, 25 October 2017: Today the JSE celebrates the launch of its Green Bond Segment which provides a platform for companies and other institutions to raise funds ring-fenced for low carbon initiatives and investors to invest SRI funds in securities that are truly green.

Donna Nemer, Director of Capital Markets at the JSE says that the introduction of our newGreen Bond Segment provides companies with an effective tool to raise capital for investments into sustainable projects they would have been funded internally. “Issuing a green bond can help companies to strengthen their credentials as sustainable and responsible organizations. At the same time green bonds allow investors to mitigate the effects of climate risk as a part of their investment portfolio, while these bonds also satisfy environment, social and governance (ESG) requirements and green investment mandates.”

Nemer says emerging markets are especially vulnerable to the impact of climate change. “The JSE views combatting this problem as imperative to building a climate resistant future for the African continent in securing future jobs and investments. Globally we are still very far away from realizing the level of investment necessary to prevent global temperatures from rising further. Green bonds can play an important role in addressing this shortfall.”

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National Strategy for Sustainable Development and Action Plan

This document provides the National Strategy for Sustainable Development (NFSD) and an Action Plan to support the implementation of the NFSD. It therefore provides a high-level roadmap for strategic sustainable development. Its intention is to provide public and private sector organisations with guidance when it comes to their own long-term planning, as the development of sector- or subjectspecific strategies and action plans must be consistent with the NSSD.

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