Showcase your sustainable security on our globally recognized, UN-endorsed platform, JSE Green Bond Plus. By issuing your security here, you gain unparalleled visibility, positioning your sustainable investment opportunity before a global audience of institutional and retail investors. Tap into the international investment community’s growing demand for green, social, and sustainability-linked bonds, and align your financial goals with global sustainability objectives. Let JSE Green Bond Plus be the platform that connects your project to the capital needed to drive meaningful environmental and social impact.

UOP bonds are debt instruments where financing is allocated to investments with positive environmental

and/or social benefits. Issuers are encouraged to review ICMA’s Pre-Issuance Checklist for Green Bonds

and Pre-Issuance Checklist for Social Bonds for further guidance. Figure 20 provides a step-by-step

process for issuing these types of instruments. For more detailed information on this 5-step process, issuers

can refer to IDB Invest’s Practitioners Guide and Toolkit for Thematic Bonds.

ASSESSMENT

The first step in issuing a Green, Social, or Sustainability Bond is to evaluate the preparedness of the organization to issue these types of instruments. Through this self-assessment, an issuer can evaluate both their capacity as an organization and the issuance itself, including a review of the eligibility criteria and the definition of the use of proceeds. A Self-Assessment template is provided in IDB Invest’s Practitioners Guide and Toolkit for Thematic Bonds (see page 36). Within this step, Issuers are urged to ensure that they have established robust corporate governance practices within the organization.

PREPARATION OF DOCUMENTATION

The next step is the preparation of the Framework, which is a detailed document describing how the issuance is aligned with the ICMA Principles. The Framework will define the decision-making process involved in defining the (1) eligible use of proceeds (2) selecting eligible projects, (3) the management of funds, and (4) reporting on impact and allocation of the use of proceeds.

EXTERNAL REVIEW

The third step is to obtain an external verification, which will determine the level of alignment of the framework with international principles and standards. The most common type of external review at this stage is the SPO.

ISSUANCE

The fourth step is to issue the bond. Prior to issuance, the issuers must follow the JSE Rules and Regulations. A summarized description of these steps is described in Annex 2: Checklist of Listing Requirements for JSE.

REPORTING

One year after issuance, the issuer reports the impact and results indicators of the resources allocated by the bond on an annual basis. Refer to Chapter 3 of this guidance document for more details on this process.