The UN Sustainable Stock Exchange welcomes two new partners exchanges – Q3 2021
20 August 2021
Iran Fara Bourse Securities Exchange and Kyrgyz Stock Exchange have solidified their commitment to transparency and sustainability by becoming a member of the UN Sustainable Stock Exchanges initiative. The SSE’s newest member joins a network of now 108 stock exchanges around the world that are committed to promoting sustainable development.
The SSE works with stock exchanges through technical assistance, consensus building and research to contribute to the achievement of the United Nations Sustainable Development Goals (SDGs) and to stimulate investment for a sustainable future. Exchanges around the world partner with the SSE to work towards a common objective of fostering financial markets that support the growth of sustainable and responsible business practices.
Iran Fara Bourse Securities Exchange - IFB
For the second consecutive year, the Iran Fara Bourse Securities Exchange has published key measures adopted towards the principles of sustainability as shown in its annual report (Annual Shareholders Report IFB 2020). The report cites sustainability as a major topic in the medium to long-term, therefore it is considered as a natural part of capital allocation and Iran Fara Bourse, in its own words “intends to live up to its role as an exemplar in this respect”.
Since 2019 IFB is taking action in line with the WFE Sustainable Exchanges Guide to affirm its commitment to the broader principles that underlie the creation of sustainable, transparent, and inclusive markets.
Kyrgyz Stock Exchange - KSE
“We are happy to become a part of big team of stock exchanges under the SSE initiative and we truly believe that goals which have been formulated under the initiative will find active support in Kyrgyzstan. Stock exchanges are unique institutions which play a strategic role for promoting key goals of the initiative including gender equality, environmental, social and governance (ESG) standards, and climate change through green finance. KSE pays great attention to the development of necessary tools for implementing the initiative’s principles into practice, and we are sure that their application contributes to achievement of the goal of sustainable development”. Medet Nazaraliev - President of Kyrgyz Stock Exchange
On March 16, 2021, the Kyrgyz Stock Exchange (KSE) together with UN Women in Kyrgyzstan, the International Finance Corporation (IFC), within the framework of the SSE Initiative, held a trading opening ceremony dedicated to gender equality on the topic: “The role of women in the development of business and economy of Kyrgyzstan".
Mr. Nazaraliev also highlighted the crucial aspect of gender equality cause saying that “KSE supports the principles of sustainable development of the UN, we attach great importance to the role of women in the development of the financial sector of Kyrgyzstan, thanks to the observance of gender equality, women are successful in all sectors of the economy. And this event, which presents successful practices, is a vivid example of this, to say that the KSE platform is always open for constructive dialogue, and strives to contribute to drawing the attention of government bodies and the business community to gender equality issues”.
SSE Stock Exchange Database
To learn more, visit the SSE’s database of stock exchange sustainability activities. Currently, the database has data on 112 stock exchanges and tracks progress on key activities where exchanges are promoting sustainable business and investment practices. It is the largest data set of its kind and the data is freely accessible.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.
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