The JSE understands that a sustainable business is one that operates with a long-term perspective and the recognition that it both impacts on, and is impacted by the context within which the business operates (including the stakeholder, environmental, political, legal, and economic context).
As a leader in emerging markets, the JSE recognises the importance of integrating the long-term perspective into financial markets to reduce socio-economic and physical risks and to contribute to enhanced financial stability and a low-carbon economy.
The business is operated according to a philosophy that tries to balance the interests of all stakeholders, particularly in relation to the following three pressures:
• optimising shareholder value;
• reinvesting internally in people and technology; and
• driving down cost to clients.
As far as possible, the JSE business is operated and positioned in a manner that not only provides thought leadership impacting or influencing stakeholders, but also sets an example in achieving excellence. The JSE actively promotes sustainable, transparent business and responsible investment across a range of areas including the following:
- as a global thought leader in the field of governance and sustainability and the related standards and disclosure;
- evolving and expanding its responsible investment product offering;
- ensuring operational excellence through considering the ESG risks, impacts and opportunities of the JSE's activities and disclosures.
Recent progress has entrenched and improved the JSE Ltd's inclusion in both the FTSE/JSE Responsible Investment benchmark index as well as the FTSE/JSE Responsible Investment Top 30 Index. The JSE's ESG rating improved as at last rating in June 2018.
Please see pages 21 to 23 of our 2018 Social Value Report for more dertail (availble at http://ir.jse.co.za/static-files/1aeacff1-32e1-4aaa-b4e0-9eb2cd54e9fa)
In 2018, our Sustainability Position Statement was approved by our Board and is as follows:
"The JSE, as a leader in emerging markets, recognises the importance of integrating the long-term perspective into financial markets to reduce socio-economic and physical risks and to contribute to enhanced financial stability and a low carbon economy. We undertake to:
-Guide our markets on the importance of incorporating ESG into investment considerations
-Provide the tools and services that facilitate responsible investing and the re-orientation of capital flows to more sustainable development
-Use our central role as connector to facilitate engagement and advocacy in relation to sustainability
-Ourselves behave in a manner that explicitly considers sustainability across our value chain as an exchange and as a central player in the South African economy"