This month includes news from Bolsa de Valores de Guayaquil, Bursa Malaysia, Japan Exchange and more. Monthly news highlights are compiled by the SSE to give an overview of the capital markets' sustainability news from that month. You can subscribe to our monthly news highlights by clicking here.
SSE INITIATIVE NEWS & EVENTS
SSE addresses journalists at Guayaquil Stock Exchange sustainable finance workshop
8 May 2023
As part of the exchange’s ongoing work with the media to promote the country's stock market culture, Ecuadorian stock exchange Bolsa de Valores de Guayaquil (BVG) held their first journalist workshop of the year at the exchange office, with the theme of "Sustainable finance: introduction to ESG factors and opportunities in the issuance of thematic bonds in Ecuador."
UN SSE supports student entrepreneurs in Euronext’s “Blue Challenge”
18 May 2023
The SSE supported young student entrepreneurs in Euronext’s Blue Challenge as part of the jury. The Blue Challenge is an entrepreneurship education programme, launched by Euronext in partnership with JA Europe, the largest non-profit organization in Europe dedicated to preparing young people for employment and entrepreneurship.
SSE Academy: TCFD Training sessions for the financial sector
June and July 2023
New TCFD training available for the financial sector. The sessions will be translated live in Spanish and Portuguese.
UNCTAD: Registration for World Investment Forum 2023 now open
12 May 2023
The event will focus on increasing investment in sustainable development to tackle cascading global crises.
EXCHANGE NEWS
3 May 2023
Japan Exchange Group, Inc. (JPX) and the Asian Development Bank (ADB) have today signed a Memorandum of Understanding (MOU) to cooperate with each other in areas such as the promotion of sustainable finance and digital technology in financial services in the Asia-Pacific region.
Bursa Malaysia, Mah Sing And Alliance Bank Collaborate To Drive ESG Adoption
11 May 2023
Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) signed a Memorandum of Collaboration (“MOC”) each with Mah Sing Group Berhad (“Mah Sing”) and Alliance Bank Malaysia Berhad (“Alliance Bank”), to bring them on board as early adopters of its Centralised Sustainability Intelligence Platform (“Platform”). The collaboration aims to expedite the adoption and integration of Environmental, Social and Governance (ESG) practices among companies, resulting in a more sustainable and resilient business ecosystem.
ICMA and LuxSE launch sustainable bonds database
17 May 2023
The International Capital Market Association (ICMA) has launched a new database for sustainable bond data, in partnership with the Luxembourg Stock Exchange (LuxSE). The database will be openly available on ICMA’s website.
17 May 2023
The Tel Aviv Stock Exchange (TASE) and the SFI Group (Social Finance Israel) are thrilled to announce a groundbreaking collaboration in the establishment of an unprecedented impact investment fund in Israel. This joint initiative aims to revolutionize the training and placement of underserved populations into quality employment opportunities.
NGX: Sustainable Finance Key to Transforming Nigeria’s Economy
25 May 2023
The Divisional Head, Capital Markets, Nigerian Exchange Limited (NGX), Mr Jude Chiemeka, made this known yesterday in Lagos at the Investor Engagement session organised by NGX and the Global Reporting Initiative (GRI) themed: ‘Empowering Responsible Investing – ESG Disclosure’.
30 May 2023
BVG is committed to the dissemination of information and the promotion of a stock market culture in the country.
REGULATORS AND STANDARDS SETTER NEWS
IFRS: Consultation now open: The ISSB seeks feedback on its priorities for the next two years
4 May 2023
The International Sustainability Standards Board (ISSB) is seeking feedback on its priorities for its next two-year work plan. The Request for Information Consultation on Agenda Priorities is open for comments until 1 September 2023.
SBFN Toolkit: Developing Sustainable Finance Roadmaps
9 May 2023
Sustainable Banking and Finance Network launched a Toolkit on Developing Sustainable Finance Roadmaps, which consists of a Guide and Excel-based Mapping and Benchmarking Tool
The World Federation of Exchanges to Create New Educational Certification for Market Infrastructure
4 May 2023
The World Federation of Exchanges (“The WFE”), the global body for exchanges and CCPs, today announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.
ISDA: Energy Security and the Road to Net Zero: the Role of the Derivatives Market
9 May 2023
This paper from the ISDA Future Leaders in Derivatives program aims to build on existing literature on the topic of decarbonization and provide insight into how the derivatives market can protect energy security while facilitating the transition to net zero.
Australia: Update on ASIC’s recent greenwashing actions
10 May 2023
ASIC today released a short report detailing the 35 interventions it has made in response to its greenwashing surveillance activities from 1 July 2022 to 31 March 2023. The report also identifies the increasing levels of representations on environmental, social and governance credentials by listed companies, managed funds and superannuation funds.
IFC Climate Governance: Progression Matrix & Tip Sheet
22 May 2023
IFC announces IFC’s Climate Governance Matrix and Tip Sheet for Corporate Boards now available on IFC’s website. These two products have been developed as part of IFC’s on-going efforts to promote climate governance standards in the private sector.
23 May 2023
The Financial Stability Board (FSB) Regional Consultative Group for Europe met today in London. The group discussed global and regional financial market developments and financial stability risks arising from decentralized finance (DeFi) and from climate change.
Corporate Sustainability Reporting Directive Playbook
25 May 2023
A White Paper from Reuters Events Sustainable Business by Richard Howitt
Europe: ESAs propose ESG disclosures for STS Securitisations
25 May 2023
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today jointly submitted to the European Commission Draft Regulatory Technical Standards (RTS) on the ESG impact disclosure for Simple, Transparent and Standardised (STS) securitisations under the Securitisation Regulation (SECR). These final draft RTS aim to help market participants make informed decisions about the sustainability impact of their investments.
25 May 2023
Regulators don’t decide ethics. From a regulatory perspective – and pending mandatory climate reporting requirements aside – it is acceptable for managed funds to do very little on environmental, social and governance (ESG) and sustainability provided they don’t pretend (or advertise) otherwise. But investors are different.
GENDER EQUALITY
LuxSE Releases Market Study On Gender-Focused Bond Market
12 May 2023
In a new market study powered by the LGX DataHub, the Luxembourg Stock Exchange (LuxSE) provides a detailed analysis of bonds with a gender component listed worldwide, illustrates how such bonds help link gender and finance in today’s economy, and offers suggestions on how issuers can contribute to scaling up gender finance.
Japan to tell top listed firms to have at least 1 woman executive
21 May 2023
The Japanese government is planning to urge companies listed on the Tokyo Stock Exchange's top-tier Prime market to have at least one woman executive by 2025 as the country lags behind other advanced economies in corporate gender equality.
22 May 2023
At the first edition of the Annual Corporate Governance Colloquium organised by Nigerian Exchange Limited (NGX), Nigerian Bar Association Section on Business Law (NBA-SBL) and Institute of Directors (IoD), experts on corporate governance noted that diversity and inclusion at leadership of companies aided better decision making.
EXECUTIVE MOVES
Stéphane Boujnah reappointed as CEO and Chairman of the Managing Board of Euronext
17 May 2023
Euronext today announced that the Annual General Meeting (“AGM”) has approved the reappointment of Stéphane Boujnah as member of the Managing Board. Stéphane Boujnah was also reappointed as CEO and Chairman of Euronext’s Managing Board for a four-year mandate.
EGX Chairman Joins the Board of Arab Academy for Management, Banking, and Financial Sciences
21 May 2023
Rami El-Dokany, Executive Chairman of The Egyptian Exchange (EGX) joined the Board of Arab Academy for Management, Banking, and Financial Sciences (AAMBFS). This Board is the body entrusted with articulating academic policies and developing the academy's programs and educational curricula.
