Exchange in Focus: Santiago Exchange and Luxembourg Stock Exchange sign MoU to promote green and social bonds

18 July 2019

(18 July 2019) The Santiago Exchange and the Luxembourg Stock Exchange, SSE Partner Exchanges since 2014 and 2016 respectively, signed a Memorandum of Understanding (MoU) agreement to facilitate the cross listing and trading of financial securities in both markets. The priorities of this general framework are green and social bonds, which would be promoted and mobilised as sustainable finance mechanisms through both domestic and international capital markets. “This agreement will allow our issuers to list their shares and bonds on the Luxembourg Stock Exchange, adding visibility and generating investment opportunities that contribute to the sustainable development of the market”, said José Antonio Martínez, Santiago Exchange CEO. “The agreement illustrates our shared objective of mobilising sustainable and green finance both in domestic and international capital markets. By joining forces to promote green and social bonds compliant with international standards, our exchanges will contribute to bringing sustainable finance that important step further,” said Robert Scharfe, Luxembourg Exchange CEO. The agreement implements the international standards recognised by the International Capital Markets Association’s Green Bond Principles and the Climate Bonds Initiative. Further to the focus on green finance and social bonds, both stock exchanges engage in the mobilization of sustainable capital through the sharing of the best practices and joint initiatives.

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.