Climate Disclosure Advisory Group

21 Oct, 2020
Online

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

SSE launched a new project to support exchanges in providing guidance to issuers on climate disclosure. The new workstream will assist stock exchanges in developing best practice reporting guidance for issuers to ensure globally consistent disclosures incorporating the recommendations from the FSB Task Force on Climate-Related Financial Disclosures (TCFD). More information here.

The SSE’s Partner Exchanges and key stakeholders are invited to participate in the SSE’s Advisory Group on Climate Disclosure.

The ‘Zero Draft’ brainstorming webinar took place on Wednesday 21 October 2020 at 09:00 and 16:00 Geneva Time. The two webinars were substantively identical. The meeting was organized twice in one day to accommodate the many time zones of the Advisory Group members.

The meeting began with special addresses from Mr. Mark Carney, UN Special Envoy on Climate and Finance, and the CEOs of London Stock Exchange and Johannesburg Stock Exchange, the Co-Chairs of the SSE Climate Disclosure Advisory Group.

If you would like to join the SSE Advisory Group on Climate Disclosure, please contact us at info@SSEinitiative.org.

High-level Introductions

Webinar Summary

Summary

The United Nations Sustainable Stock Exchanges (SSE) initiative hosted a webinar meeting of the SSE Climate Disclosure Advisory Group to discuss how to support stock exchanges in providing guidance to issuers on climate disclosure. The meeting brought together exchanges, regulators, and investors in order to review the zero draft of a guidance. The document will assist exchanges in developing best practice reporting guidance for issuers to ensure globally consistent disclosures incorporating the recommendations from the FSB Task Force on Climate-Related Financial Disclosures (TCFD).

The SSE held two webinars to accommodate the many time zones of all members of the Advisory Group. In total there were 50 participants joining from 25 countries around the world, including representatives of 20 exchanges. 

The discussions were moderated by London Stock Exchange and Johannesburg Stock Exchange, the Co-Chairs of the SSE Climate Disclosure Advisory Group, who walked readers through the zero draft and facilitated lively discussions among the group about how the paper should further develop. The Advisory Group highlighted the importance of the SSE project for assisting exchanges by informing broader international discussions about best practices in implementing the TCFD recommendations. 

Speakers on the calls included representatives from: ASX, Bloomberg, Dubai Financial Market, GRI, HKX, Impax Asset Management, Nasdaq, NSE, PRI, SASB, Shenzhen Stock Exchange, TMX Group.

Next Steps 

Based on the inputs of the Advisory Group, both during the meeting and in subsequent written comments, the SSE will produce another iteration for comment to be circulated to the Advisory Group in Q4 2020. Following that, we will have one more final comment period in Q1 2021 before we finalize the document and publish it in Q2 2021 (exact date TBC). 

Who’s in the Advisory Group?

Besides the chairs, the London Stock Exchange and Johannesburg Stock Exchange, the SSE Climate Disclosure Advisory Group includes representatives from the following organizations: 

  • ASX
  • B3
  • Bloomberg
  • BME
  • Bolsa Institucional de Valores (BIVA)
  • Bolsa Nacional de Valores
  • Borsa İstanbul
  • Bursa Malaysia
  • CDSB
  • Deloitte
  • Deutsche Boerse
  • Dubai Financial Market
  • Egyptian Exchange
  • Euronext
  • Financial Conduct Authority (United Kingdom)
  • Financial Regulatory Authority (Egypt)
  • GRI
  • HKEX
  • HM Treasury
  • ICE / NYSE
  • Impax Asset Management
  • JPX
  • JSE
  • Linklaters
  • London Stock Exchange Group
  • Luxembourg Stock Exchange
  • Nasdaq
  • Nigerian Stock Exchange
  • NSE (India)
  • Prague Stock Exchange
  • PRI
  • SASB
  • Saudi Stock Exchange Tadawul
  • SEC Thailand
  • Securities and Exchange Commission of Brazil (CVM)
  • Securities and Futures Commission (China, Hong Kong)
  • Shanghai Stock Exchange
  • Shenzhen Stock Exchange
  • TMX Group
  • UBS
  • UN Global Compact
  • University of Zurich
  • WFE

 

List of Participants

The webinar had 50 participants from 25 markets, including 20 exchanges.

 

MARKETTYPEORGANISATIONNAME
United KingdomExchangeLondon Stock Exchange GroupAdrian Rimmer
CanadaIOTMX GroupAndrew Hall
China, Hong KongExchangeHKEXAndy Lau
SwitzerlandIOSSEAnthony Miller
IndiaNGONSE (India)Avishkar Naik
Saudi ArabiaExchangeTadawul Saudi Stock ExchangeBandar Alblehed
TurkeyExchangeBorsa İstanbulBanu Budayoğlu Yılmaz
NetherlandsNGOGRIBastian Buck
United KingdomOtherHM TreasuryChristopher O'Donovan
GermanyExchangeDeutsche BoerseDaniel Sonnenburg
United KingdomExchangeLondon Stock Exchange GroupDavid Harris
MexicoExchangeBolsa Institucional de Valores (BIVA)Diana Islas
United KingdomOtherPRIEdward Baker
United KingdomRegulatorFinancial Conduct AuthorityFederico Cellurale
ChinaExchangeShenzhen Stock ExchangeFiona Wan
BrazilExchangeB3Gleice Donini De Souza
China, Hong KongExchangeHKEXGrace Hui
United StatesIOUN Global CompactHoward Li
South KoreaExchangeKorea ExchangeJae Suk Yun
ThailandRegulatorSEC ThailandJantakarn Pangutha
United KingdomExchangeLinklatersJason Manketo
BrazilRegulatorCVM (IOSCO Sustainability Task Force)José Alexandre C. Vasco
AustraliaExchangeASXJosie Ashton
United StatesInvestorImpax Asset ManagementJulie Gorte
SwitzerlandIOSSELisa Remke
ChinaExchangeShanghai Stock ExchangeLisa Yingying Li
Czech RepublicExchangePrague Stock ExchangeLuboš Mazanec
United KingdomNGOCDSBMardi Mcbrien
United KingdomRegulatorFinancial Conduct AuthorityMark Manning
JapanExchangeJPXMitsuo Miwa
United KingdomOtherWFEMushtaq Ahmed
JapanExchangeJPXNatsuho Torii
NigeriaExchangeNigerian Stock ExchangeOlutobi Onajin
SpainExchangeBMEOscar Moya
ArgentinaOtherBloombergPablo Casaux
United KingdomOtherBloombergRevan Arkan
SwitzerlandIOSSERita Schmutz
ChinaInvestorUBSRonald Wu
MalaysiaExchangeBursa MalaysiaSan Mei Kim
MexicoExchangeBolsa Institucional de Valores (BIVA)Santiago Rincón Gallardo
ItalyExchangeLondon Stock Exchange GroupSara Lovisolo
South AfricaExchangeJSEShameela Ebrahim
UAEExchangeDubai Financial MarketShyrose Banu Harun Osman
NetherlandsNGOGRISiobhan Cleary
United StatesNGOSASBSonal Dalal
United KingdomOtherHM TreasuryStuart Cox
CanadaIOSSETiffany Grabski
SwedenExchangeNasdaqTomas Thyblad
China, Hong KongExchangeHKEXVivian Woo
ChinaExchangeShenzhen Stock ExchangeYe SUN

Special address

  • Mark Carney
    Special Envoy on Climate Action and Finance
    United Nations
  • David Schwimmer
    CEO
    London Stock Exchange Group
  • Leila Fourie
    CEO
    JSE Limited

Moderators

  • Shameela Soobramoney
    Chief Sustainability Officer
    JSE Limited
  • David Harris
    Group Head of Sustainable Business
    London Stock Exchange Group

Presenters

  • Anthony Miller
    Coordinator of UN SSE initiative
    UNCTAD
  • Tiffany Grabski
    SSE Resource Person on Climate Disclosure
    UN SSE initiative

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.