The United Nations Sustainable Stock Exchanges (SSE) initiative launched the new “Model Guidance on Climate Disclosure” for exchanges to assist their issuers to implement the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD). The Model Guidance is the result of a year-long development process created under the auspices of the UN Special Envoy for Finance and Climate Action and led by the CEOs of the London Stock Exchange Group and the Johannesburg Stock Exchange. Benefiting from the contributions of a 100 member strong Advisory Group from 55 organisations across 23 countries, the new model guidance provides a practical template for exchanges to use when guiding their issuers on climate disclosure.

The SSE also launched a companion tool, an Action Plan “How stock exchanges can make markets climate resilient”. The Action Plan was developed alongside the Model Guidance to support stock exchanges in their efforts to further enhance market-wide climate resiliency.

The event began with a Virtual Market Open Ceremony at the London Stock Exchange, followed by a high-level roundtable discussion with Mark Carney (UN Special Envoy for Finance and Climate Action), David Schwimmer (CEO, LSEG), and Leila Fourie (CEO, JSE), moderated by James Zhan (Chair, SSE), on the role of stock exchanges in the transition to a low-carbon economy. It will finish with a technical presentation that walks participants through the Model Guidance and the Action Plan, explaining how these tools can be used by stock exchanges around the world.

 

The official launch was on 29 June 2021 at 09:00 Geneva Time (Central European Time). Watch the event recording below.