Stock Exchanges join new UN alliance to fund sustainability

Ms. Nicky Newton-King, CEO of the Johannesburg Stock Exchange, joins UN Secretary-General António Guterres to announce the launch of the Global Investors for Sustainable Development (GISD) network

(15 April 2019) Two members of the United Nations Sustainable Stock Exchanges (SSE) initiative have been invited to join a new CEO Alliance to fund sustainability launched by UN Secretary-General António Guterres at the UN’S SDG Investment Fair in New York.  The Global Investors for Sustainable Development (GISD), a new alliance of chief executives coordinated by UNCTAD and the UN’s Department of Economic and Social Affairs (UN DESA) will focus incentivizing larger amounts of long-term investment for sustainable development.

“There is in my view, no SDG which an exchange cannot in someway help achieve,” said Nicky Newton-King, CEO of the Johannesburg Stock Exchange, in her remarks to the UN Secretary-General and other gathered dignitaries.

“The speed of achieving the SDGs is about how we will lead – that is a challenge we should all own.”

The Alliance will include 25 to 30 CEOs, joining forces of existing United Nations networks such as the Sustainable Stock Exchanges initiative, the Global Compact, the UN Environment Finance Initiative and the UN-Supported Principles for Responsible Investment.

The inaugural meeting of the GISD will be held alongside Mr. Guterres’ Climate Action Summit on 23 September this year.

More information available here.

About the SSE

The Sustainable Stock Exchanges (SSE) initiative, launched in 2009 by the UN Secretary General, is a UN Partnership Programme of the UN Conference on Trade and Development (UNCTAD), the UN Global Compact, the UN Environment Program Finance Initiative (UNEP FI), and the Principles for Responsible Investment (PRI). The SSE convenes stock exchanges who join by signing a voluntary public commitment and it currently has 78 Partner Exchanges worldwide. It provides Model Guidance on ESG disclosure for stock exchanges to help with the preparation of ESG reporting guidelines. The SSE has three inter-related pillars of activity: research, consensus building and technical assistance.

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