(24 June 2019) The Botswana Stock Exchange (BSE) in collaboration with the UN SSE initiative held a workshop on Responsible Investing and ESG attended by issuers, potential issuers and investors. The workshop featured speakers from the BSE, the United Nations Sustainable Stock Exchanges (SSE) initiative, the Ministry of Finance and Economic Development (MFED), the UN-supported Principles for Responsible Investment (PRI), Kgori Capital, Leru Property Group, and Norsad Finance.
The workshop was aimed at building capacity among issuers and investors regarding the importance of ESG considerations in investment management processes. Mr Patrick Seitiso, from MFED, presented on the Botswana SDGs Roadmap covering the years 2017-2023 outlining the domestication of the SDGs, private sector involvement in the implementation of the Roadmap and the alignment of Roadmap to the National Development Plan 11.
In his presentation on Mainstreaming of Responsible Investment, Mr. Adrian Bertrand of PRI unpacked responsible investing with real life case studies of what has been irresponsible investing by listed companies in Africa and worldwide. He further explained the approaches to responsible investing and ESG incorporation and discussed how asset owners and financial services providers can benefit from being signatories to PRI whose platform provides insightful information and useful guidance material on the interrogation, assessment, and the reporting of responsible investing and ESG.
The BSE Head of Product Development, Mr. Kopano Bolokwe presented the BSE’s position on responsible investing and ESG, and discussed the initiatives undertaken by the BSE in mainstreaming ESG into the domestic capital market. He also presented on the BSE’s ‘Guidance For Listed Companies on Reporting ESG Information to Investors’, a framework developed by the BSE and aligned to the SSE’s Model Guidance on Reporting ESG Information to Investors.
Ms. Tiffany Grabski, SSE initiative Deputy Coordinator presented on boarder market trends, providing an overview of the SSE initiative’s research, their involvement with stock exchanges and securities market regulators, and discussed the market opportunities presented by the global transition towards sustainability.
The workshop featured a panel discussion on the practicalities of ESG disclosure – regulator, issuer and investor perspectives with speakers from Kgori Capital, Leru Property Group, PRI, and Norsad Finance. The panelists shared information about their practical experiences in incorporating ESG into their investment processes, the importance of ESG reporting and disclosure by issuers, the challenges in accessing ESG data, and ways to address inconsistencies in ESG reporting, among others.
source: Sustainable Stock Exchanges Initiative. https://www.sseinitiative.org/home-slider/botswana-stock-exchange-hosts-responsible-investing-and-esg-workshop/
In line with SADC’s objective to establish a real-time integrated network of capital markets, the Committee of SADC Stock Exchanges (CoSSE) established an interconnectivity model that will allow investors in each country to trade on all SADC exchanges through their local brokers.
- In line with SADC’s objective to establish a real-time integrated network of capital markets, CoSSE established an interconnectivity model that will allow investors in each country to trade on all SADC exchanges through their local brokers.
- An integrated regional capital market was expected to allow better investment choices, thereby bringing more customers to regional bourses and exposing companies listed on SADC exchanges to local and foreign investors.
- Interconnectivity is hampered by low levels of cross-border flows, and the lack of readily accessible information and market data about products listed on other SADC exchanges.
- One requirement for cross-border trading is access to information about prices, trading and opportunities in each SADC country – there is thus a need to improve the offerings of the SADC Brokers Network platform.
- Regional cooperation allows exchanges to overcome common impediments that constrain the growth of fledgling and fragmented national capital markets.
- CoSSE could encourage national exchanges to work towards interconnectivity and integration by leveraging the support of the private sector and donor community, and lobbying for political support in SADC structures.
The South African Institute of International Affairs (SAIIA)
The Botswana Stock Exchange is calling on all SME’s to join its Tshipidi Mentorship Program (TMP), of which its objective is to offer techinical training to companies wishing to scale up their business and become issuers- at no cost. The TMP is a comprehensive program that is designed to guide and position SME’s to become more sustainable and productive through listing on the Exchange.