Sustainability Disclosure updates from emerging markets

July 13, 2022

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, the Johannesburg Stock Exchange (JSE) launched new disclosure guidance that aims to guide listed companies on best practice in sustainability and climate-related disclosure, responding to market demand. The guidance is well-aligned with the 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 will share its experience in researching the latest global trends, engaging local stakeholders, and supporting South Africa’s sustainable finance journey, such as the new national green finance taxonomy. 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 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 underway, with the launch of the first benchmark due at COP27. The webinar will explore lessons from WBA's own exploration of global sustainability disclosure trends to develop a ranking that helps to drive best practice and can be used in practical ways by industry and regulators.


About the Presenters:

Salome Tvalodze

Head, Macrofinancial Modeling & Analysis Division
National Bank of Georgia
Co-Chair, SBFN Data and Disclosure Working Group

Shameela Soobramoney

Chief Sustainability Officer
Johannesburg Stock Exchange

Jonathan Hanks

Co-founder and Managing Director

Andrea Webster

Financial System Lead
World Benchmarking Alliance

Yanfei Ye

Senior Advisor
Policy Research Bureau
China Banking & Insurance Regualatory Commission
Co-chair, SBFN Data & Disclosure Working Group


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