Five Stock Exchanges Commit to Promoting Sustainability
18 June 2012: At the Third Sustainable Stock Exchanges (SSE) Global Dialogue, five major stock exchanges listing more than 4,600 companies committed to promoting long-term, sustainable investment in their market places.
Co-organized by the UN-backed Principles for Responsible Investment (PRI), the UN Conference on Trade and Development (UNCTAD), the UN Environment Programme Finance Initiative (UNEP FI), and the UN Global Compact, the SSE initiative explores how the world's stock exchanges can work together with investors, regulators and companies to enhance corporate transparency and performance on environmental, social and corporate governance (ESG) issues, and encourage responsible long-term approaches to investment.
The Third SSE Global Dialogue, held on 18 June 2012, in Rio de Janeiro, Brazil: considered options for creating long-term sustainability in capital markets; assessed progress of stock exchanges, regulators and investors in promoting sustainable investment; and discussed the regulatory dimension of ESG disclosure after the UN Conference on Sustainable Development (UNCSD, or Rio+20).
During the event, it was announced that the following stock exchanges had committed to promoting the SSE Initiative's objectives in their markets: Brazil stock exchange (BM&FBOVESPA), Egyptian Exchange (EGX), Istanbul Stock Exchange (ISE), Johannesburg Stock Exchange (JSE), and NASDAQ OMX. [UNCTAD Press Release] [SSE Website]