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NameBolsas y Mercados Espaoles (BME)
CountrySpain
Number of listed companies2,504
Domestic market capitalization1,024,803 million US$
SSE Partner ExchangeYes
Has annual sustainability reportYes

ESG reporting required as a listing ruleYes
  • Spanish companies and, therefore, BMEs listed companies, are under the scope of Directive 2014/95/EU Non-Financial Reporting Directive (NFRD). According to this, large companies which are public-interest entities exceeding on their balance sheet dates the criterion of the average number of 500 employees during the financial year shall include in the management report a non-financial statement containing information to the extent necessary for an understanding of the companys development, performance, position and impact of its activity, relating to, as a minimum, environmental, social and employee matters, respect for human rights, anti-corruption and bribery matters.
Has written guidance on ESG reportingYes

Offers ESG related trainingYes
  • Instituto BME, covers ESG and Sustainability issues in its mFIA Master Degree (consisting of 640 lecture hours). It is covered within the Ethics module and two chapters about Socially Responsible Investments and ESG are also included. Information found here.
  • Instituto BME also has issued in 2022 a specific course about Sustainable Financing in which the different sustainable financing products and their basic characteristics are explained during 60 hours. Information found here.
  • BME co-hosted with the SSE initiative, TCFD training sessions in February 2023, in collaboration with IFC and CDP. (source)

Market covered by sustainability-related indexYes

Has sustainability bond listing segmentYes

Has SME listing platformYes

Women on boards mandatory minimum ruleYes

Additional informationBME has taken part in the Sustainable Stock Exchanges initiative since 2016. The company encourages the issuers of securities and the new companies listed on the markets and systems managed by BME to report non-financial, social and corporate governance information in their periodic reports.

As SSE member, BME celebrates the Ring the Bell for Gender Equality since 2018.

Organizational model of stock exchange
  • Private company for profit; demutualized in 2001.

BME was incorporated in 2001. It was a listed company from 2006 to 2020, when it was excluded after being acquired by SIX Group. BME structured its business in this units: Equity, Fixed-Income, Derivatives, Clearing, Settlement, Market Data and Value Added Services. As a Financial Markets Infrastructure, BME is regulated by the Comisin Nacional del Mercado de Valores (CNMV).

Regulatory bodies

Regulatory modelLimited Exchange Self-Regulatory Organization (SRO) Model

  • The Comisin Nacional del Mercado de Valores (CNMV) acts as the supervisory body for capital markets in Spain. The CNMV possesses the authority to impose changes in the markets and continuously monitors the BME Group. As such, the exchange wields limited regulatory authority although it is still considered to be self-regulated.

About the stock exchange
  • BME is the operator of all stock markets and financial systems in Spain. It is part of SIX Group, the third largest exchange group in Europe. The company has presence in Madrid, Barcelona, Bilbao and Valencia.