SBFN-IFC Webinar: Sustainability Disclosure Updates from Emerging Markets
July 13, 2022 | 1 hr 29 min |
Hosted by the Sustainable Banking and Finance Network (SBFN) Data & Disclosure Working Group.This webinar discusses comprehensive new guidance in South Africa for listed companies on best practice in sustainability and climate-related disclosures, published in June 2022 by the Johannesburg Stock Exchange’s (JSE), and for a progress update on the first global sustainability ranking of 400 financial institutions in the upcoming Financial System Benchmark created by the World Benchmarking Alliance (WBA). Download the Agenda Download the WBA Presentation Download the JSE Presentation
SBFN’s Data and Disclosure Working Group is mapping the latest country-level developments in sustainable finance data and disclosure across the SBFN community, as well as key international initiatives.
This webinar contributes to the development of tools and practical guidance for SBFN members as they advance national sustainable finance initiatives.
On June 14, 2022, the Johannesburg Stock Exchange (JSE) launched new disclosure guidance to guide listed companies on best practices in sustainability and climate-related disclosure, responding to market demand. The guidance is well-aligned with latest developments from the IFRS International Sustainability Standards Board (ISSB) and the Task Force on Climate-related Disclosures (TCFD), among other international developments.
The JSE shared its experiences in mapping the latest global trends, engaging local stakeholders, and supporting South Africa’s sustainable finance journey. The JSE is the 17th largest stock exchange in the world by market capitalization and the largest exchange on the African continent. It was the first stock exchange globally to introduce a sustainability index in 2004 and is a founding partner of the UN Sustainable Stock Exchanges Initiative.
At the same time, the Financial System Benchmark of the World Benchmarking Alliance (WBA) is currently ranking the 400 most influential financial institutions globally on their contribution to the achievement of the Sustainable Development Goals (SDGs). The benchmark incorporates feedback from global consultations in 2020 to map the sustainability behaviors of financial institutions in both developed and emerging markets. Data collection, verification, and analysis is under way, with the launch of the first benchmark due at COP27.
The webinar explores WBA’s experience in comparing global sustainability disclosure trends to develop a ranking of financial institution practices that can be used by industry and regulators.