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SRI INDEX IGNORES SIGNIFICANT VIOLATIONS OF ENVIRONMENTAL LAWS
A coalition of environmental NGOs argues that the JSE's SRI Index is 'fatally flawed' because it includes companies that are 'serious and serial offenders' of environmental legislation. The letter provides evidence from National Environmental Compliance and Enforcement Reports (NECERs) and government reports showing that several listed companies—including Exxaro Resources, Arcelor Mittal South Africa, and Sasol—have committed criminal offences related to air emissions, waste disposal, and water use licenses. The NGOs call for the JSE to revise its criteria to explicitly require legal compliance and strengthen its verification methods.
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Document type: Statement