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SADC Green Bonds Programme

Overview

Abstract

This project aims to accelerate the take-up of green bonds as a tool for SADC member countries to tap into domestic and international capital markets to finance green projects and assets.

The project will:

  • Support the development of listing guidelines and regulations for green bonds.
  • Support a pipeline of potential issuers
  • Engage the institutional investment community to promote green bond issuance.
  • Undertake training/capacity building of various stakeholders on climate finance.
  • Support the adoption and/or enhancement of climate-related financial reporting/disclosures.

Results

  • Contribute to a sustainable future in the SADC Region by facilitating climate change mitigation and resilience/adaptation investments in a fiscally transparent manner.
  • Facilitate supportive regulatory conditions and a favourable ecosystem for green bonds and related product issuance.
  • Demonstration of green bonds/related products issued.
  • Improve regulator and market capacity and knowledge on sustainable investments.

Project Details

Project Title

SADC Green Bonds Programme

Implementing Partner

CoSSE (Committee of SADC Stock Exchanges).

Donor(s)

FSD Africa

Value (in £)

TBC

Implementation Period

April 2021 – March 2024

Countries Covered

SADC countries

Project Description

This project aims to accelerate the take-up of green bonds as a tool for SADC member countries to tap into domestic and international capital markets to finance green projects and assets.

The project will:

  • Support the development of listing guidelines and regulations for green bonds.
  • Support a pipeline of potential issuers
  • Engage the institutional investment community to promote green bond issuance.
  • Undertake training/capacity building of various stakeholders on climate finance.
  • Support the adoption and/or enhancement of climate-related financial reporting/disclosures.

Target results

  • Contribute to a sustainable future in the SADC Region by facilitating climate change mitigation and resilience/adaptation investments in a fiscally transparent manner.
  • Facilitate supportive regulatory conditions and a favourable ecosystem for green bonds and related product issuance.
  • Demonstration of green bonds/related products issued.
  • Improve regulator and market capacity and knowledge on sustainable investments.

Progress

  • SADC Green Finance Demand Study was completed and disseminated via a webinar in collaboration with CoSSE in January 2022.
  • A Programme Manager was onboarded to spearhead the implementation of key programme objectives.
  • The SADC Green and Sustainable Bond guidelines were launched on 27th April 2022.
  • The revision of the Dar es Salaam Stock Exchange (DSE) Rules to allow for the issuance of sustainability-linked capital markets instruments in Tanzania was completed in April 2022.
  • A workshop to sensitise the Tanzanian capital market on the revised DSE rules was held on 24th to 26th May 2022.
  • Cim Financial Services Limited, Mauritius, issued the first green bond under the programme raising MUR 500million approx. 11m USD. This issuance is part of a five-year MUR3billion green bond programme.

Contact

Updated: October, 2022