Results
Name | Nairobi Securities Exchange (NSE) |
Country | Kenya |
Number of listed companies | 62 |
Domestic market capitalization | 22915.78 million US$ |
SSE Partner Exchange | Yes |
Has annual sustainability report | Yes
Included in the Integrated Report and Financial Statements. All of the reports can be found here.
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ESG reporting required as a listing rule | Yes
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Has written guidance on ESG reporting | Yes |
Offers ESG related training | Yes
Nairobi Securities Exchange co-hosted TCFD training in March 2023, in collaboration with the SSE, IFC and CDP. (source)
In 2023, NSE held several times courses on ESG-related topics (ESG Masterclass), see the 2023 Training Calendar |
Market covered by sustainability-related index | No |
Has sustainability bond listing segment | No
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Has SME listing platform | Yes
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Women on boards mandatory minimum rule | No |
Additional information |
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Organizational model of stock exchange |
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Regulatory bodies | |
Regulatory model |
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About the stock exchange |
Location: Nairobi, Kenya.
The Nairobi Securities Exchange (NSE) is a leading African Exchange, based in Kenya – one of the fastest-growing economies in Sub-Saharan Africa. Founded in 1954, NSE has a six decade heritage in listing equity and debt securities. It offers a world class trading facility for local and international investors looking to gain exposure to Kenya and Africa’s economic growth. NSE demutualized and self-listed in 2014. Its Board and management team are comprised of some of Africa’s leading capital markets professionals, who are focused on innovation, diversification and operational excellence in the Exchange. NSE is playing a vital role in the growth of Kenya’s economy by encouraging savings and investment, as well as helping local and international companies access cost-effective capital. NSE operates under the jurisdiction of the Capital Markets Authority of Kenya. It is a full member of the World Federation of Exchange, a founder member of the African Securities Exchanges Association (ASEA) and the East African Securities Exchanges Association (EASEA). The NSE is a member of the Association of Futures Market and is a partner exchange in the United Nations-led SSE initiative. Source |
The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.
The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.
While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.
Field |
Criteria Considered |
Country | Country of primary residence or registration |
Has signed the SSE Commitment Letter? | To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join. |
Has annual sustainability report? | For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance. |
ESG reporting required as a listing rule? | For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market. |
Offers written guidance on ESG reporting? | For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here. |
Offers ESG related training? | For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability. |
Market covered by sustainability-related index? | Sustainability-related indices may include environmental or social indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included). |
Has sustainability bond listing segment? | For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify. |
Has an SME listing platform? | For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises. |
Additional Information | Additional Information captures exchanges’: sustainability section of websites, sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange |
Organizational model of stock exchange | Whether the exchange is listed or not, and when it was demutualized |
Regulatory bodies | The regulatory authority that sets listing requirements and capital market regulation for the exchange's market |
Regulatory model |
The extent to which exchanges have regulatory authority in their market. This may include:
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About the stock exchange | The location of the headquarters of the exchange, and any additional details about the stock exchange. |