FTSE Russell and Johannesburg Stock Exchange Announce ESG Partnership

  • Builds on the successful, long standing FTSE JSE partnership
  • Both businesses are pioneers in the provision of ESG benchmarks
  • Reflects growing momentum on ESG from exchanges globally

FTSE Russell, the global index provider, has announced it is working with Johannesburg Stock Exchange (“JSE”), Africa’s largest exchange, to develop a new environmental, social and governance (ESG) index series.

The collaboration between FTSE Russell and JSE reflects both businesses long term commitment and track record of innovation in the ESG and sustainability sector. FTSE Russell has been at the forefront of development since launching the FTSE4Good Series in 2001, which is now supported by the FTSE Environmental Market Series, the FTSE ESG Ratings and a dedicated ESG Business Unit. JSE is also seen as a pioneer, creating the Socially Responsible Investment (SRI) Index in 2004, which promotes sustainable and transparent business practices across its markets.

During this time FTSE Russell and JSE have seen a significant increase in the number of institutional investors seeking to integrate ESG considerations into their investments. To meet this demand, the range, depth and breadth of techniques to apply ESG factors within the investment process have become more sophisticated and varied. This new partnership reflects an evolution in ESG approaches, and highlights the synergies and benefits that can be gained through working together.

David Harris , Head of ESG, FTSE Russell, said:
“In recent years, we have continued to see growing levels of interest in responsible investment and ESG factors from institutional and retail investors throughout the world. FTSE Russell recognises the importance of building indexes to meet this increased demand, with benchmarks underpinned by innovative design and a focus on transparency. We are delighted to be working closely with our partner Johannesburg Stock Exchange and supporting a market that has been a frontrunner in promoting high quality ESG disclosure and practice.”

Head of the SRI Index and Sustainability at the Johannesburg Stock Exchange, Corli Le Roux said:
“This transition represents the next generation in our evolutionary work to promote ESG disclosure, building on the achievements of the SRI Index and the great strides that South African corporates have made in this regard, and will enable us to respond to the growing need amongst investors seeking to integrate sustainability considerations into their investments.”

FTSE Russell and JSE’s latest collaboration builds on the existing relationship between the two business through the calculation of the FTSE/JSE Africa Index Series.

 

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Notes to editors:

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide.  FTSE Russell calculates thousands of indices that measure and benchmark markets and asset classes in more than 80 countries, covering 98% of the investable market globally and trading on over 25 exchanges worldwide.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Leading asset owners, asset managers, ETF providers and investment banks use FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.