Exchange in Focus: CME Group’s Voluntary Carbon Emissions Offset Contracts Surpass 100 Million Offsets Traded
29 April 2022
UN SSE Derivatives Exchanges NetworkThe CME Group has earlier this year solidified its commitment to transparency and sustainability by becoming a Founding Member of the UN SSE Derivatives Network. The group is one of the 12 founding members from across the world that committed to the opportunity to contribute positively to the achievement of the Sustainable Development Goals (SDGs). Derivatives exchanges are an important part of the overall solution, whether as providers of relevant products and services, contributors to greater data availability and transparency or as conveners of the market to address barriers to change. CME was Chair of the SSE Derivatives Advisory Group and wrote the forward for the report How derivative exchanges can promote sustainable development, a joint SSE-WFE report that provides an overview of the role of derivatives markets generally, present some of the things derivatives exchanges are already doing in relation to sustainability, and highlight ways in which these exchanges can support the transition to more sustainable development pathways. The SSE works with derivatives exchanges to advance sustainable development in their markets. For more information, please contact the SSE team directly at firstname.lastname@example.org.
About the SSE
The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.