The UN Sustainable Stock Exchanges (SSE) initiative welcomes the Mongolian Agricultural Commodity Exchange (MCE) as a new member of the SSE derivatives network.
The MCE has joined the SSE derivatives exchanges network to solidify its commitment to the transparency and sustainability of financial markets. The SSE’s newest member joins a network of now 14 derivative exchanges around the world that are committed to promoting sustainable development.
The establishment of this network of derivatives market operators follows the 2021 publication of the SSE guidance How derivatives exchanges can promote sustainable development and recognizes the importance of aligning all aspects of financial markets with more sustainable outcomes.
Commenting on MCE’s new commitment, said: “Becoming a Partner Exchange of the UN SSE initiative gives impetus to our work to pioneer and introduce green commodities in the Mongolian markets,” said Mr. Orgodol Narandelger, CEO of MCE. “We are proud to be a part of this global initiative to promote and implement ESG principles at all levels of market participants. We look forward to learning and exchanging expertise with other international commodities exchanges.”
Derivatives exchanges partner with the SSE on sustainability
The SSE was established by the UN Secretary General just over a decade ago and has grown from its original five founding members to over one hundred exchanges. Since its founding, the SSE has worked with stock exchanges, securities regulators and other equity market actors to identify a range of opportunities for exchanges to take action in support of sustainable development goals. From 2021 the SSE began admitting derivatives exchanges as members.
The SSE has expanded its existing exchange database to incorporate what derivatives exchanges are doing to advance the sustainability agenda. The creation of the derivatives network recognizes the importance of aligning all aspects of financial markets with more sustainable outcomes and the next step in the SSE’s evolution. For more information about this work, visit the SSE derivatives exchanges webpage.
