Procurement Summary
Country : South Africa
Summary : Ifc -Jse Market Research on Practices and Barriers to Climate Thematic Bond Issuance
Deadline : 24 Mar 2025
Other Information
Notice Type : Tender
TOT Ref.No.: 116144255
Document Ref. No. : 0002014659
Competition : ICB
Financier : World Bank (WB)
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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South Africa faces several urgentsustainable development challenges in the coming decades, including ensuring asustainable energy supply, meeting infrastructure renewal and expansion needs, addressinginequality and high unemployment, preventing biodiversity loss, and respondingto climate change. These challenges all require changes in policy and ways ofdoing business, placing sustainability issues at the centre of decision making.They also require sizeable new investment and the redirection of existinginvestments through the country-s capital market and wider financial sector.The Johannesburg Stock Exchange (JSE) presents an important platform for raising climate finance and plays an important role as asecondary financial sector regulator as a result of being able to set thelisting requirements of issuers. Its green bond segment was expanded into a sustainabilityand transition bonds segment in 2020, with listing requirements that are basedon the Green, Social, and Sustainability (GSS) bond guidelines from theInternational Capital Markets Association (ICMA). These include climate-relatedrequirements for green and sustainability-linked bonds and guidelines for transitionbonds. The JSE recognizes that there are manydynamics as to why issuers choose to list a climate thematic bond and whyinvestors choose to invest in them and would like to get a better understandingof strategies to support the further development of the climate thematic bondmarket. As a result, the JSE hasidentified the need for research into evolving practices and barriers forclimate thematic capital market instruments in the South African market andsolutions to scale issuances. This aligns with the IFC-World Bank-s 30 by30 program that aims to scale climate finance through greening the financialsector and includes a component to increase the issuance of climate thematicbonds through technical assistance to capital market players, including theJSE. With this in mind, IFC and JSE entered into a cooperat...
Documents
Tender Notice
IFC-JSE_ToR-for-SLB-and-Transition-bond-market-research-March-2025.pdf