SSE INITIATIVE NEWS & EVENTS
SSE Launches Official Supporters Program
July 2019
Since its founding 10 years ago, the SSE has grown to include almost all stock exchanges worldwide, and has become the premier platform for collaboration and learning for stock exchanges with capital market regulators, investors, issuers and financial service providers. The SSE seeks partners to become SSE Official Supporters, contributing $10,000 USD annually to ensure exchanges and other key capital market stakeholders have the technical assistance, tools and expertise required to meet their sustainability objectives. On the occasion of its 10th anniversary, the SSE is inviting its partner stock exchanges and other stakeholders to announce their commitment to supporting the initiative and to sustainable capital markets. Find out more here, and contact the SSE Team if you're interested in joining this program. The founding Official Supporters will be announced at the SSE 10 Year Anniversary Event in New York on 26 September.
27 July 2019
Abu Dhabi Securities Exchange (ADX) announced that it has issued an Environmental Social & Governance (ESG) disclosure guidelines for listed companies, as recommended by the UN’s Sustainable Stock Exchanges (SSE) initiative. The guidance document provides companies with a set of 31 KPIs aligned with the exchange’s strategy which is designed to support economic growth, while providing a sustainable trading environment and encouraging the business community to adopt societal sustainability practices.
Borsa Italiana hosts the third edition of its Sustainability Day
3 July 2019
Following the enthusiasm of the first two editions, Borsa Italiana and the London Stock Exchange Group (LSEG) organized and held in Milan the third edition of the Italian Sustainability Day. Companies, investors and institutions met in Palazzo Mezzanotte to discuss climate change and share their experiences on ESG topics in the transition towards a more sustainable economy.
EVENT: UN SSE initiative 10 Year Anniversary Celebration
26 September 2019, New York Stock Exchange, New York, USA
In 10 years, the SSE has grown to 90 exchanges, listing 51,000 companies valued at 86 trillion USD, and it is still growing. This illustrates that participating in a conversation on environmental, social and governance factors has become a necessary part of the investor-exchange-issuer dialogue. To mark the 10 year anniversary since the SSE was initiated in 2009 by the United Nations Secretary General in New York, partners are invited to join in commemorating the progress of sustainable stock exchanges and charting a path for the next 10 years.This is an invitation only event. For more information, please contact the SSE team.
WEBINARS AND EVENTS
TCFD Good Practice Handbook Launch
23 September 2019, New York, USA
Join the Climate Disclosure Standards Board (CDSB) and the Sustainability Accounting Standards Board (SASB) for a networking drinks reception at Bloomberg on Monday September 23rd to celebrate the publication of the TCFD Good Practice Handbook.
CONSULTATIONS
Call for feedback on TEG report on EU Taxonomy
Due: 13 September 2019
This call for feedback is part of ongoing work by Directorate-general for financial stability, financial services and capital markets union, Directorate-general for environment, Directorate-general for climate action and Directorate-general for energy on sustainable finance, for which the European Commission has set up a dedicated Technical expert group (TEG).
STOCK EXCHANGE NEWS
Jamaica Stock Exchange invests in social sector development
10 July 2019
Half a century after its creation, the Jamaica Stock Exchange continues to ignite growth and transparency in the nation’s economy. Now, in a bid to further boost the social sector, the exchange has set its sights on sustainability
Santiago Stock Exchange forms alliance "United for COP25"
10 July 2019
The agreement signed by the Santiago Chamber of Commerce, the Santiago Stock Exchange, the Business Leaders for Climate Action CLG-Chile, the Chile Global Compact Network and ACCIÓN Empresas, seeks to enhance sustainability as a business culture by contributing to a global adaptation agenda before the current Climate Crisis.
DFM and DIFC launch "Dubai Sustainable Finance Working Group"
10 July 2019
In line with the UAE Sustainable Development Goals and Dubai's Strategic Plan 2021, the Dubai Financial Market (DFM) and the Dubai International Financial Centre (DIFC) launched a new working group that aims to co-ordinate efforts to create the most sustainable financial hub in the region.
Growth in number of Swiss companies committed to sustainable reporting
12 July 2019
More than one third of companies listed in the Swiss Market Index (SMI) have voluntarily committed to sustainability reporting after a push on sustainability reporting by the SIX Exchange Regulation, the autonomous and independent body within the Swiss SIX exchange that monitors issuers.
NSE, GRI host round-table on Sustainable Development Goals
23 July 2019
X-Academy, a knowledge platform of The Nigerian Stock Exchange (“the Exchange” or “NSE”) partnered with the Global Reporting Initiative (GRI), to host a roundtable on Sustainable Development Goals (SDGs). The workshop was driven by the need to raise awareness on the inherent economic opportunities and social impact businesses can achieve by aligning their operations towards the achievement of the SDGs.
DFM launches Sustainability Strategic Plan 2025, in a first of its kind step among regional markets
27 July 2019
The Dubai Financial Market (DFM) launched its Sustainability Strategic Plan 2025 aimed at underpinning its continuous efforts to promote environmental, social and governance (ESG) best practices among listed companies and other stakeholders.
Santiago Exchange and Luxembourg Stock Exchange team up to promote green and social bonds
30 July 2019
The leadership teams of the Santiago Exchange and the Luxembourg Stock Exchange (LuxSE) signed a Memorandum of Understanding (MoU) to facilitate cooperation in the field of cross listing and trading of financial securities in the two markets. The agreement defines green and social bonds as an area of priority, reflecting the efforts made by both exchanges to bring sustainable finance centre stage.
REGULATOR NEWS
U.K. proposes mandatory climate reporting for companies, asset owners
2 July 2019
The U.K. government proposed mandatory disclosure of climate-related risks for listed companies and large asset owners beginning in 2022, as part of its green finance strategy
Materiality of ESG issues takes center stage at US congress
15 July 2019
Wednesday 10th July marked the first ever congressional hearing on environmental, social and governance (ESG) issues in the United States.
23 July 2019
The European Securities and Markets Authority (ESMA) chair Steven Maijoor said in a statement that market regulation needs to reflect the reality of climate change by integrating sustainability considerations. "As demand for sustainability assessments increases, so does the need for vigilance on the levels of investor protection," he said.
ESG INDICES AND PRODUCTS
FTSE Russell launches first climate risk government bond index
8 July 2019
FTSE Russell has launched the world’s first government bond index that adjusts weights based on each country’s resilience to climate change risk.
10 July 2019
In this series, called Green Voices of Nasdaq Nordic, Nasdaq is providing a platform that allows its green bond issuers and investors to share their stories. This story shines a light on the Church of Sweden and their commitment to invest sustainability.
13 July 2019
According to Morningstar data, U.S. funds that consider ESG factors attracted a net $8.4 billion in net inflows over the first half of the year.
How 'Transition Bonds' can help polluters turn green
14 July 2019
Transition bonds is a new concept that’s gaining traction. Bloomberg discusses what this looks like and how it differs from green bonds.
Demand for green bonds crimped by lack of supply
22 July 2019
Issuance of green bonds is much exceeded by demand for them. And investors' growing expectations over how issuers should invest the proceeds has discouraged some companies from issuing green bonds.
Invesco unveils ESG ETF range in Switzerland
29 July 2019
Invesco has launched a range of ETFs based on the MSCI ESG Universal indices, incorporating environmental, social, and governance criteria in Switzerland.
MANAGEMENT NEWS
BNP Paribas appoints head of sustainable capital markets, global markets Asia-Pacific
16 July 2019
Chaoni Huang will manage BNP Paribas' sustainable finance solutions for corporates, financial institutions and investors in this newly-created role
