SEC advances green finance integration ahead of Taxonomy launch

-


The Securities and Exchange Commission (SEC) says it has continued implementing initiatives aimed at embedding climate and environmental considerations into Zambia’s capital markets as part of its role as Secretariat to the Green Finance Mainstreaming Working Group (GFMWG).

The Working Group serves as the national coordinating platform for integrating green and sustainable finance across the country’s financial sector, including capital markets, pensions and insurance, and banking.

Following the validation of the Zambia Green Finance Taxonomy (ZGFT) on April 17, 2025, the document underwent final technical and design review during the Pre-Adoption and Consensus-Building Workshop held from October 7 to 10, 2025. The review was conducted in collaboration with the Ministry of Finance and National Planning.

SEC Director of Enforcement and Legal Services, Diana Sichone, said it was agreed that the Ministry of Green Economy and Environment (MoGEE), together with the GFMWG, would serve as the lead entity for the ZGFT given its mandate to advance the country’s green economy agenda.

She said the revised document is undergoing final packaging before being submitted to MoGEE for ministerial and permanent secretary endorsement, with the official launch expected in November 2025.

Ms. Sichone added that the accompanying Tagging and Reporting Framework is scheduled for completion by the end of October 2025.

She said the framework will be informed by a mapping of existing reporting processes across the financial sector to identify gaps and establish a comprehensive tagging and reporting system.

Meanwhile, a draft Green Finance Strategy and Implementation Plan has been developed and is undergoing refinements to enhance its practicality and ensure it provides clear and actionable measures aligned with national priorities.

Ms. Sichone further disclosed that the Green Bond Gap Analysis Report has been finalized, with dissemination activities now being prepared. The SEC plans to first hold an internal briefing on key findings, followed by a stakeholder engagement workshop.

In addition, Bankers Without Boundaries (BwB) is providing technical support to potential green bond issuers.

The support materials and lessons from this process will be consolidated into a Green Bond Toolkit designed to guide future issuers in framework development and issuance processes.

Ends......................

Comments

Post a Comment

Popular posts from this blog

Beltz pledges impactful leadership as ZedPro Global Patron

-
Image
Global Patron  for ZedPro Sports Foundation , an organisation dedicated to youth development through sports, financial literacy, and personal growth   Nkandu Beltz   has  expressed deep appreciation for the appointment and pledged to make a lasting contribution. “I’m completely stoked to be appointed ambassador for such an important cause,” said Beltz. “I have pledged to do my best to create a meaningful impact and build on the shoulders of giants,” she said. Ms. Beltz said  the Foundation’s focus on empowering young people through sport, which she described as a powerful tool for personal transformation. “We work mainly with young people through sport, which encourages self-discipline   and a self-disciplined person can achieve anything in life,” she said. “But it’s not just about the physical side. We are also teaching financial literacy and engaging in personal development initiatives for these young people.” She added that one of her top priorities as g...
Read more

CSPR and UNICEF launch Toolkit to amplify adolescent voices

-
Image
The Civil Society for Poverty Reduction (CSPR), with support from the United Nations Children’s Fund (UNICEF), has launched the School and Junior Councils Advocates Toolkit , a practical guide designed to equip adolescents with the skills they need to organize and effectively manage student and junior councils across Zambia. The toolkit is much more than just a manua l  it offers young people a platform to raise their voices, participate meaningfully in school governance, and play an active role in community development. Set to be rolled out nationwide, this initiative supports Zambia’s broader efforts to boost youth participation in governance and local development. Developed through extensive research in Lusaka, Katete, and Kafue districts, the toolkit benefited from the insights of teachers, District Education Boards (DEBs), student and junior councils, CSPR staff, and UNICEF. Lead consultant Dr. Aaron Chansa has described the launch as a landmark moment in promoting youth leade...
Read more

Professionals Unite to support Women and Children through New Foundation

-
Image
A new organization dedicated to addressing the vulnerabilities faced by women and children in communities has been launched. The Acquire to Share Foundation , led by professionals from various fields, aims to bridge the gap between the elite and the underprivileged by offering support in key areas such as education, healthcare, and economic empowerment. Founded in August 2024 and registered under the Registrar of Societies, the foundation was established with the mission of bringing hope to the hopeless, reducing vulnerabilities, and advocating for the rights of marginalized groups . Speaking at the launch, Acquire to Share Foundation Executive Director Victoria Yambani   has stated that the organization’s commitment to providing access to quality education and healthcare , supporting economic empowerment programs  for families of vulnerable women and children, and protecting them from exploitation and abuse . Mrs. Yambani  has  called on the government, stakeholders...
Read more