The company hopes to raise R1.1-billion from the sale of the three-year and five-year bonds, to be used to finance the company’s women empowerment goals such as boosting discretionary procurement spend on black women suppliers to reach or exceed 15% of its total procurement spend. Barloworld also aims to reach or exceed 50% female representation in its leadership by 2025.
Valdene Reddy, the JSE’s director of capital markets, says she hopes that more issuers will follow the lead of Barloworld and list gender-linked bonds on the JSE to support women empowerment and gender equality.number of sustainability instruments listed on the JSE’s Sustainability Segment to 47, raising the segment’s market capitalisatioThe JSE launched the Sustainability Segment two years ago to provide a platform for companies to raise debt for green, social and other sustainable initiatives.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks fall again as Europe’s gas woes biteEnergy prices stoke fears of recession and push bond yields higher A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake buy when I try it I realise that is real so I won’t keep silent I need everyone to smile like me Andrew_01cassen
Source: BDliveSA - 🏆 12. / 63 Read more »