JSE Update: Recent developments in ESG and Responsible Investment FTSE/JSE RI Index Changes to FTSE/JSE Responsible Investment Index Pursuant to the acquisition of SABMiller by Anheuser-Busch InBev, SABMiller was deleted from both the FTSE/JSE Responsible Investment Index (J113) as well as the FTSE/JSE Responsible Investment Top 30 Index (J110). As a result of the change, Gold Fields has moved into the FTSE/JSE Responsible Investment Top 30 Index (J110). The changes took effect from the start of trading on 30 September 2016. In order to be eligible for inclusion in the FTSE/JSE Responsible Investment Index Series, companies are required to form part of both the FTSE/JSE Swix All Share Index and the FTSE All World Index. At the September quarterly index review, four companies were deleted from the FTSE All World Index, and as a result also from the FTSE/JSE Responsible Investment Index. These changes took effect on Monday 19 September 2016. For further information and full constituent lists, please go to www.jse.co.za/responsible-investment or contact us on [email protected]. Events and other news On Tuesday 20 September 2016, the JSE hosted its annual ESG Investor Briefing. This year’s event took place at the newly-launched JSE Exchange Hub in Cape Town. Four companies presented their approach to sustainability and ESG to investors from across the value chain. n Gold Fields n Anglo American n Sasol n Woolworths Holdings The event was yet again a big success with the participating companies and attending investors commenting on its value. One company commented that “It is extremely worthwhile to interact with these investors and we have had a number of follow-ups from the forum”, while an attendee commented that “Having attended these briefings for the last few years, it is incredible the evolution in the standard of presentations being made by these companies. … the content and interaction is fantastic”. On the international stage, the conversations around ESG and responsible investment continue to intensify. During September, the JSE participated in the Sustainable Stock Exchanges (SSE) Initiative’s Global Dialogue in Singapore. At this event, the 2016 Report on Progress (see www.sseinitiative.org/2016rop/ ) was released. The report finds that exchanges are increasingly taking actions that contribute to creating more sustainable capital markets. The JSE features as a case study on creating a corporate ESG reporting culture in South Africa. Consensus is clear that integration of ESG into investment decision-making is growing, with the UN Principles for Responsible Investment recently releasing an ESG integration guide for equity investors (see www.unpri.org ). It is also worth looking out for the next report and recommendations of the Financial Stability Board’s Task Force for Climate-related Disclosures (see www.fsb-tcfd.org ). Finally, GRI will be launching their sustainability reporting standards soon, and the EY Excellence in Integrated Reporting Awards was released recently, finding a number of positive developments in relation to integrated reporting over the last five years. The report is available from EY South Africa’s web site. For any further enquiries please contact us on [email protected]or [email protected]46 FTSE/JSE RI Index Profile’s Stock Exchange Handbook: 2016 – Issue 4 / E S T F E S J X E D N I I R PLEASE NOTE THAT QUARTERLY INDEX REVIEWS ARE APPLIED TO THE FTSE/JSE INDICES IN MARCH, JUNE, SEPTEMBER AND DECEMBER. THE CONSTITUENTS REFLECTED IN THIS ISSUE OF THE HANDBOOK ARE AS AT THE DATE OF PRINTING, AND CHANGES MAY TAKE PLACE FOLLOWING PUBLICATION. NO RESPONSIBILITY WILL BE ACCEPTED FOR RELIANCE ON INFORMATION THAT MAY NO LONGER BE CORRECT. PLEASE REFER TO ICA NOTICES UNDER www.jse.co.za/responsible-investment OR CONTACT [email protected] FOR THE CURRENT LIST.
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JSE Update: Recent developments in ESG andResponsible Investment
FTSE/JSE RI Index
Changes to FTSE/JSE Responsible Investment Index
Pursuant to the acquisition of SABMiller by Anheuser-Busch InBev, SABMiller was deleted from boththe FTSE/JSE Responsible Investment Index (J113) as well as the FTSE/JSE Responsible Investment Top 30 Index (J110). As a result of the change, Gold Fields has moved into the FTSE/JSE ResponsibleInvestment Top 30 Index (J110). The changes took effect from the start of trading on 30 September 2016.
In order to be eligible for inclusion in the FTSE/JSE Responsible Investment Index Series,companies are required to form part of both the FTSE/JSE Swix All Share Index and the FTSE All WorldIndex. At the September quarterly index review, four companies were deleted from the FTSE All WorldIndex, and as a result also from the FTSE/JSE Responsible Investment Index. These changes tookeffect on Monday 19 September 2016.
For further information and full constituent lists, please go to www.jse.co.za/responsible-investment or contact us on [email protected].
Events and other news
On Tuesday 20 September 2016, the JSE hosted its annual ESG Investor Briefing. This year’s eventtook place at the newly-launched JSE Exchange Hub in Cape Town.
Four companies presented their approach to sustainability and ESG to investors from across thevalue chain.
n Gold Fields
n Anglo American
n Sasol
n Woolworths Holdings
The event was yet again a big success with the participating companies and attending investorscommenting on its value. One company commented that “It is extremely worthwhile to interact withthese investors and we have had a number of follow-ups from the forum”, while an attendee commentedthat “Having attended these briefings for the last few years, it is incredible the evolution in the standard ofpresentations being made by these companies. … the content and interaction is fantastic”.
On the international stage, the conversations around ESG and responsible investment continue tointensify. During September, the JSE participated in the Sustainable Stock Exchanges (SSE) Initiative’sGlobal Dialogue in Singapore. At this event, the 2016 Report on Progress (seewww.sseinitiative.org/2016rop/) was released. The report finds that exchanges are increasingly takingactions that contribute to creating more sustainable capital markets. The JSE features as a case studyon creating a corporate ESG reporting culture in South Africa.
Consensus is clear that integration of ESG into investment decision-making is growing, with the UNPrinciples for Responsible Investment recently releasing an ESG integration guide for equity investors(see www.unpri.org). It is also worth looking out for the next report and recommendations of theFinancial Stability Board’s Task Force for Climate-related Disclosures (see www.fsb-tcfd.org).
Finally, GRI will be launching their sustainability reporting standards soon, and the EY Excellence inIntegrated Reporting Awards was released recently, finding a number of positive developments in relationto integrated reporting over the last five years. The report is available from EY South Africa’s web site.