Singapore Exchange furthers its commitment to sustainability by joining United Nations initiative
6 September 2016
(Singapore, 6 September 2016) The United Nations Sustainable Stock Exchanges (SSE) Initiative is delighted to welcome Singapore Exchange (SGX) as a Partner Exchange. Joining nearly 60 SSE Partner Exchanges around the world, SGX’s commitment to promoting sustainable development and investment in its market is both timely and welcome.
Loh Boon Chye, CEO of SGX, announced the commitment this morning at the SSE’s 2016 Global Dialogue, which was held in Singapore alongside the Principles for Responsible Investment (PRI) annual event. SGX launched the partnership, speaking at and hosting the Global Dialogue, VIP luncheon, and a technical workshop organized by the World Federation of Exchanges, SSE, Ceres and PRI on 5 September. Addressing more than 120 global audience members, Mr Loh discussed SGX’s commitment to sustainability and how the exchange is working to improve the quality of ESG disclosures across global capital markets.
Mr. Loh said, “SGX is delighted to join the SSE Initiative as a Partner Exchange and host to its 2016 Global Dialogue, which is the first time the event is being held in Singapore. As a market operator and regulator, SGX is committed to leading the sustainability advancement in Singapore’s capital market. We look forward to both contributing and learning from the other partners of this exciting initiative.”
SGX is a strong advocate of sustainable development, and has demonstrated its commitment to enhancing disclosure and access to sustainability information through various initiatives. These include the introduction of sustainability reporting on a ‘comply or explain’ basis for listed companies, as well as the launch of SGX Sustainability Indices, a suite of equity indices composed of SGX-listed stocks that are frontrunners in environmental, social and governance (ESG) standards.
With the addition of SGX, there are now 15 SSE Partner Exchanges in Asia and close to 60 SSE Partner Exchanges worldwide. For more information on the event in Singapore, please click here.
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.