Botswana Stock Exchange Limited (BSEL) published its environmental, social and governance (ESG) reporting guidelines ahead of many of its peers in the region.
Kgotla Segwe, Market Development Specialist at Botswana Stock Exchange Limited, said the local bourse becomes the 5th to comply in Africa.
“We are the 42nd among the 81 SSE Partner Exchanges globally and the 5th in Africa to do this,” said Segwe.
The development came a year after BSEL became a partner exchange of the United Nations Sustainable Stock Exchange (SSE) Initiative.
The SSE initiative is a peer-to-peer learning platform for exploring how stock exchanges can enhance corporate transparency and performance on ESG issues and encourage sustainable investment.
Though BSEL does not requires ESG reporting as a listing rule, the new BSE listing requirements require listed companies to adopt the Botswana Corporate Code of Governance, and the code prescribes that companies publish integrated reports.
Other countries that have complied with the SSE initiative on the continent include South Africa, Nigeria, Morocco and Egypt. Enditem