Exchange Commission executes interventions to combat climate change through capital markets

The Securities and Exchange Commission (SEC) says execution of various initiatives aimed at ensuring capital markets play a significant role in combating climate change while promoting economic growth is currently underway.

Some of these initiatives included creation of a green and sustainable finance coordinating unit, the municipal bonds project as well as green bond market development consultancy activities, among others.

These were highlighted by the SEC Chief Executive Officer, Phillip Chitalu, in an interview with journalists.

Chitalu noted that the SEC was working to finalise the creation of a green and sustainable finance coordinating unit to coordinate and synergise activities related to sustainability within the institution.

On the Municipal bonds project, he said: “The Task Force has been formulated to review the draft workplan, support the development of a pipeline for bankable projects to be listed and then work on the selection of projects for inaugural support towards listing.

“Further engagements with the National Decentralisation Committee under Cabinet office are being championed with SEC/UNCDF required to undertake this activity along with the Task Force Team Members.”

Chitalu also talked about developing a consultant’s draft inception report which was subjected to stakeholder review in February 2024.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.