African stock exchanges are increasingly recognizing the importance of ESG (environmental, social, and governance) factors in investment decision-making. As a result, a number of stock exchanges in Africa have either mandatory or voluntary ESG listing requirements for listed companies.

Here are some examples of stock exchanges in Africa with ESG listing requirements:

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• The Johannesburg Stock Exchange (JSE) has a mandatory ESG reporting requirement for all listed companies. The JSE's ESG reporting framework covers a range of ESG topics, including climate change, human rights, and diversity and inclusion.

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• The Nairobi Securities Exchange (NSE) has a sustainability disclosure framework for listed companies. The NSE's sustainability disclosure framework covers a range of ESG topics, including climate change, water management, and labor practices.

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• The Botswana Stock Exchange (BSE) has a voluntary sustainability reporting program for listed companies. The BSE's sustainability reporting program provides guidance and support to companies on how to report on their ESG performance.

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These are just a few examples of how stock exchanges in Africa are promoting ESG reporting. As the demand for sustainable investment continues to grow, it is likely that we will see even more stock exchanges in Africa taking steps to promote ESG reporting in the future.

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The benefits of ESG listing requirements for stock exchanges in Africa include:

• Attract sustainable investment: There is a growing pool of sustainable investment capital that is looking for companies to invest in that are committed to sustainability. ESG listing requirements can help companies to attract this investment capital.

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• Improve corporate governance: ESG listing requirements can help to improve the corporate governance of listed companies by making them more transparent and accountable. This can help to reduce risk and protect the interests of shareholders and other stakeholders.

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• Improve reputation: ESG listing requirements can help to improve the reputation of the stock exchange by demonstrating that it is committed to sustainability. This can attract new investors and businesses to the exchange.

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Overall, ESG listing requirements are an important tool for stock exchanges in Africa. By promoting ESG reporting, stock exchanges can help to attract sustainable investment, improve corporate governance, and improve the reputation of the exchange.