UN SSE welcomes the Bulgarian Stock Exchange
16 October 2020
Bulgarian Stock ExchangeBSE is intensifying the work to align the development of the Bulgarian Capital Market with world and European trends towards implementation of sustainable business policies and practices. “We are fully committed to achieve the goals for sustainable development of the Bulgarian capital and energy markets. With the close cooperation and in-depth expertise of the UN Sustainable Stock Exchanges initiative and through the consistent activities we are implementing, we are confident in our long-term success”, said Assoc. Prof. Manyu Moravenov, CEO of the Bulgarian Stock Exchange. BSE has an SME listing platform, the SME Growth Market Beam, which is a special market that allows small and medium companies in Bulgaria to receive financing. The main objective of Beam is to provide small and medium enterprises with the opportunity to raise funds within easier terms compared to those on the regulated market, while at the same time providing them with similar advantages as those of public companies. BSE is also launching the beamUp lab, which is a program aimed at promoting and encouraging the growth of Bulgarian startups, small and medium-sized companies. It is an initiative of Bulgarian Stock Exchange under the auspices of the Ministry of Finance implemented in partnership with the Fund of Funds, the Bulgarian Development Bank, the European Bank for Reconstruction and Development, the Bulgarian Association of Licensed Investment Intermediaries and BESCO - the Bulgarian Startup Association. The goal of the program is to distinguish promising and innovative Bulgarian companies with sustainable business models, to make them visible for potential investors as well as to strengthen their knowledge of the financing opportunities. To learn more, visit the SSE’s database of stock exchange sustainability activities. Currently, the database has data on 104 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.