The UN Sustainable Stock Exchange welcomes two new partners exchanges – Q1 2020
31 March 2020
“We are very delighted to be part of sustainable stock exchanges initiative which is a global forum for sharing best practices on sustainability and capital markets. Baku Stock Exchange (BSE) has always been operating in framework of interests of The Republic of Azerbaijan and we believe that our cooperation with this community will contribute to the efforts of our country in achieving sustainable development goals and applying best practices in finance sector. As one of the leading financial institutions in Azerbaijan, we are highly enthusiastic in obtaining experience in the application of sustainable growth principles and developing ESG practice in our capital markets. For that purpose, we look forward to put our effort in cooperation with SSE to promote sustainable development goals.”Founded in 1997 as a closed stock company, Baku Stock Exchange (BSE) was aimed to establish and develop the market infrastructure that would provide the trading securities and efficient execution of trading transactions. The first trading operation at the stock exchange was carried out on September 1, 2000, and today BSE organizes trading of the stocks, bonds, and repo transactions. Now 18 companies are listed in two listing segments – premium and standard – that total market capitalization is about 1.44 bln USD
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.