The SSE delivered the keynote at the 3rd Asian Roundtable with the Stock Exchanges & Regulators held at the beginning of December. The event had the participation of exchanges from all over the world.
Tiffany Grabski, UN SSE Senior Specialist, started the presentation by showing how sustainability activities of stock exchanges have been growing rapidly in scale and scope over the years. The number of markets with ESG disclosure guidance and mandatory ESG disclosure rules has expanded rapidly. You find all information about ESG guidance data in the SSE database.
The number of stock exchanges providing formal guidance to issuers on reporting ESG information has gone from 2 to 62 exchanges. During the same period, the number of markets with mandatory ESG disclosure rules has gone from 2 to 25. You find more details about the sustainability activities of stock exchanges on the SSE Stock Exchange Database. More than half of the Stock Exchanges ESG Guide documents refer to Task Force on Climate-related Financial Disclosures (TCFD). Stock exchanges are uniquely positioned to advance climate disclosure through market guidance. They can have a special role in supporting consistency and standardization of information that enables both local and global progress in climate reporting and use of climate-related data.
In order to assist stock exchanges in their efforts to guide issuers on climate-related disclosure SSE published Action Plan to Make Markets Climate Resilient: How stock exchanges can integrate the TCFD recommendations and Model Guidance on Climate Disclosure: A template for stock exchanges to guide issuers on TCFD implementation. SSE is also providing climate disclosure training to exchanges' markets to help them implement the actions suggested in the model guidance and the action plan.
Key takeaway message to exchanges: ESG disclosure generally is a market expectation around the world and by 2030, it is likely to be mandatory in most markets. Climate disclosure is now the number one priority for many jurisdictions and it is possible to build on existing reporting instruments already in place in many exchanges.
The event has the participation of the following exchanges and market authorities:
- Australian Securities and Investments Commission
- Bomba yStock Exchange
- CambodiaStock Exchange (CSX)
- Colombo Stock Exchange
- Dhaka Stock Exchange
- Financial Services Authority of Indonesia (OJK)
- IndonesiaStock Exchange
- Philippines Securities and Exchange Commission
- RSEBRoyal Stock exchange of Bhutan
- Singapore Exchange
- The Stock Exchange of Thailand
- Yangon Stock Exchange
SSE ESG Guidance Database
There are now 63 stock exchanges around the world that provide ESG disclosure guidance to their issuers. The SSE ESG Guidance Database contains a comprehensive list of all stock exchange ESG guidance documents in the world so that other stock exchanges can learn from their peers.
