Carbon Markets Advisory Group – First meeting

15 Feb, 2023

This is an invitation only event. For more information, please contact the SSE team.

The United Nations Sustainable Stock Exchanges (SSE) Advisory Group on Carbon Markets, launched in November 2022 at COP27, kicked off a new workstream to support exchanges in their efforts to create resilient and sustainable carbon markets and maximize their benefits in the fight against climate change, with its first Advisory Group meeting. 

The SSE’s Partner Exchanges and key stakeholders were invited to participate in the “Zero Draft” brainstorming webinar, which took place on Wednesday, 15 February 2023 at 9:00 and 16:00 Geneva time. 

The two webinars were substantively identical. SSE meetings are organized twice in one day to accommodate the many time zones of the Advisory Group members.

If you would like to join the SSE Advisory Group on Carbon Markets, please contact us at

Webinar Summary and Presentation

The new workstream examines the contribution exchanges can make toward SDG 13 by supporting impactful carbon markets. The guidance the group will be working on is intended to serve as a useful reference point for exchanges that are exploring options for becoming involved in carbon markets or optimizing involvement that may already be in place.

This project is born out of stakeholder demand, voiced by exchanges that are currently working on establishing markets in their region. It builds on the research presented in the SSE’s Market Monitor on Voluntary Carbon Markets published in November 2022 at COP27 in Sharm-el-Sheik. In addition to exchanges, the SSE invites securities regulators, investors and other members of the SSE network to participate in this workstream.

The SSE team will prepare three drafts in total for consultation with the Advisory Group – Zero Draft, First Draft, and Second Draft. The group will have the chance to provide written feedback on each iteration. The outline and topics discussed in the draft can be found clearly explained in the Webinar Slides available below.

Webinar slide (PDF): Carbon Markets – 1st Advisory Group Meeting

List of Participants

We had the participation of a variety of sectors from 26 markets, including exchanges, regulator authorities and investors totaling 52 participants, with a gender breakdown of 38% female / 62% male participants.






MarketFull name Institution
ArgentinaFederico CavestriArgentina Clearing
AustraliaGus GohSSX
BotswanaOtsile PilaneBotswana Stock Exchange
BrazilCesar SanchesB3
BrazilGabriel Santana do NascimentoB3
BrazilClaudio MaesSecurities Commission of Brazil
BulgariaMiglena DimitrovaBulgarian Stock Exchange
Czech RepublicLuboš MazanecPrague Stock Exchange
EgyptAhmed SalmanEGX
SwitzerlandHugh SalwayGold Standard
United States of AmericaShanshan HeNasdaq
GreeceGeorgios FlemetakisAthens Exchange
Hong Kong SARAaron YipHK SFC
IndonesiaEdwin HartantoIDX
IndonesiaIgnatius Denny WicaksonoIDX
IndonesiaArdianti TasyariPT Bursa Efek Indonesia
ItalyGustavo SanchezEnel
ItalyValeria ChecchiEnel
JapanYuki MoriJPX
JapanSaki KawakuboJPX
JordanDr. Rasha DayyatAmman Stock Exchange
MexicoMiguel Angel DavalosBIVA
MexicoNalleli Barajas LópezBolsa Mexicana de Valores
PhilippinesResurreccion VelardePhilippine Stock Exchange, Inc.
PhilippinesEunice OstacoPhilippine Stock Exchange, Inc.
Korea, Republic ofHwun ChoiKRX
MalaysiaEmilia TeeBursa Malaysia Bhd
MalaysiaWei-nee ChenBursa Malaysia Bhd
South AfricaAnelisa MatutuJSE
South AfricaMpho LechesaMap Capital Partners
SpainMarco FavaratoEnel
United KingdomLydia Caballero CadastreImpax Asset Management PLC
SpainAna GoytiaIOSCO
SpainKatrina WilsonIOSCO
SwedenFredrik EkströmNasdaq
SwedenGrant MckelveyNasdaq
SwitzerlandManeesh WadhwaSIX Exchanges
SwitzerlandMarco FugazzaUNCTAD
TürkiyeBusra OzbakirBorsa Istanbul
TürkiyeONUR SARBorsa Istanbul
TürkiyeRecep MutluBorsa Istanbul
TürkiyeAbdullah AkgünBorsa Istanbul
NetherlandsHarrie ArtsIntercontinental Exchange
United KingdomAdrian RimmerLondon Stock Exchange Group
United States of AmericaGerard SmithNasdaq
United KingdomTersia ListerThe Cape Town Stock Exchange
United KingdomChristine BrentaniThe World Federation of Exchanges
United KingdomNandita Lal MolloyVerra
United States of AmericaBrian MattNYSE
United States of AmericaMegan WadinCboe Global Markets
United States of AmericaJulie GorteImpax Asset Management PLC
United States of AmericaNina EisenmanNasdaq


  • Emilia Tee Yoke Hoong
    Director, Group Sustainability
    Bursa Malaysia
  • Ahmed Salman
    Strategic Planning & Sustainability specialist
    Egyptian Exchange
  • Cesar Sanches
    Head of Sustainability
  • Onur Sar
    Senior Strategic Planning Specialist
    Borsa Istanbul
  • Ignatius Denny Wicaksono
    Head of Business Development Division
  • Ana Goytia
    Policy Advisor, Sustainable Finance Department
  • Anelisa Matutu
    Senior Commodity Derivatives Officer
    Johannesburg Stock Exchange
  • Hwun Choi
    Vice President, Global Strategy
  • Frederik Ekström
    Chief Risk Officer
  • Nandita Lal Molloy
    Senior Program Officer, International Climate Policy

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.