SSE engages IOSCO regional committee on Green Finance, ESG reporting

25 January 2018

(25 January 2018) The Sustainable Stock Exchanges (SSE) initiative was invited to speak at the IOSCO Africa and Middle East Regional Committee Annual Conference on how stock exchanges can grow green finance in their markets, as well as other key sustainability opportunities. ESG reporting and labelling of green projects were some of the key issues addressed; alongside strategies to assist the region in attracting sustainable finance. “Green finance products have already been introduced in several markets and have seen tremendous growth, with green bond and green equity indices outperforming their non-green benchmarks,” said Anthony Miller, UNCTAD coordinator of the SSE initiative, highlighting initiatives already underway in the region. “In Africa we have seen a keen interest in green and sustainable products, particularly in the bond market in recent years.” The SSE shared lessons learned and provided a series of best practice examples within its guidance and voluntary action plan for stock exchanges on growing green finance, as part of a broader discussion on improving environmental, social and governance disclosure. The full day event featured high-level discussion among key capital market stakeholders including regulators, exchanges, investors, issuers and capital markets international and regional experts to deliver their views on the challenges and opportunities of market-based financing growth and sustainable development. Morocco’s Minister of Finance, H.E. Mr. Mohamed Boussaid opened the event, alongside Ms. Nezha Hayat, President of the Moroccan Capital Markets Authority, Ms. Miriem Bensalah Charqroun, Chairperson of the Moroccan General Corporate Confederation, and Mr. Paul Andrews, IOSCO Secretary General. The event had three panels, covering infrastructure, SME financing, green finance and regional integration.

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.