By Geoffrey on June 23, 2019
On June 23, 2019 the Sunday Observer
reported that “The Central Bank launched the Roadmap for Sustainable Finance in
Sri Lanka and hosted a high-level seminar for senior officers of financial
institutions and stakeholders in Colombo last week.
This was the national launch of
the Roadmap for Sustainable Finance which was unveiled globally on April 10,
2019 at the Sustainable Banking Network Global Meeting of the International
Finance Corporation (IFC) in Washington, DC, USA.
‘The Road Map will facilitate the
aim of achieving greener and more sustainable financial sector in Sri Lanka
with its forthcoming and forward looking approach adopted. The financial system
in the country has done well so far, and it is a momentous step to introduce a
Roadmap,’ Governor Central Bank Dr. Indrajit Coomaraswamy said.
The Central Bank of Sri Lanka has
appointed a Steering Committee on Implementation of the Roadmap for Sustainable
Finance in Sri Lanka to facilitate effective implementation of the strategic
activities encompassed in the Roadmap. The committee envisages monitoring and
reviewing the progress while incentivising stakeholders in practising
sustainable finance in their ordinary course of businesses.”
You may read the article on the Sunday Observer internet site.
Posted in 2019, Asia, Banking, Capital Markets
By Geoffrey on June 20, 2019
On June 20, 2019 Africa Global
Funds reported that “S&P Dow Jones Indices has launched the S&P South
Africa Domestic Shareholder Weighted ESG Index, the newest addition to its
global Environmental, Social and Governance (ESG) index family.
Reid Steadman, Global Head of
ESG, S&P Dow Jones Indices, said: ‘The S&P South Africa Domestic
Shareholder Weighted (DSW) Capped ESG Index is a broad-based,
market-cap-weighted index that is designed to measure the performance of
securities meeting sustainability criteria, while maintaining similar overall
industry group weights as the S&P South Africa Domestic Shareholder
Weighted (DSW) Capped Index. It can serve as a benchmark as well as the basis
for index-linked investment products.’
The new index is expected to be
the core benchmark for the region, helping to transition to a more sustainable
South Africa.
The index integrates
sustainability criteria, by targeting a selection of 75% of market
capitalization of each GICS Industry Group and excludes tobacco, controversial
weapons and companies not in compliance with UN Global Compact.”
You may read the article on the Africa Global Funds internet site.
Posted in 2019, Africa, Capital Markets, Sustainability