Bolsa de Santiago (nuam)

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Bolsa de Santiago (nuam)

Name Bolsa de Santiago (nuam)
Country Chile
Number of listed companies 295
Domestic market capitalization 179335 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes

The sustainability report is integrated into the annual report.
ESG reporting required as a listing rule No
Has written guidance on ESG reporting Yes
Offers ESG related training Yes

  • Offered a training workshop in April 2018 on green bonds. (Source).
  • Provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC in 2022. (source)
Market covered by sustainability-related index Yes
Has sustainability bond listing segment Yes
Has SME listing platform Yes
Women on boards mandatory minimum rule No
Additional information
  • Offers guidance on sustainable and responsible investment on website here.
  • On 18 July, at the Santiago Exchange in Chile, the leadership teams of the Santiago Exchange and the Luxembourg Stock Exchange (LuxSE) signed a Memorandum of Understanding (MoU) to facilitate cooperation in the field of cross listing and trading of financial securities in the two markets. The agreement defines green and social bonds as an area of priority, reflecting the efforts made by both exchanges to bring sustainable finance centre stage. News Release found here.
Organizational model of stock exchange
  • Listed company for profit.
Regulatory bodies

Regulatory model
Limited Exchange Self-Regulatory Organization (SRO) Model

  • Reviewing the CMF “Response to Survey on Implementation of IOSCO Objectives and Principles of Securities Regulation” document reveals that the CMF carries out and enforces most regulations in Chile. CMF is the main regulatory authority for tasks such as listing securities and derivatives contracts, the authorization of funds and its fund managers Licensing and the issuance of securities. Therefore, the Santiago Exchange regulates its own operational activities but the CMF acts as the main authority for higher-level activity in Chile.
About the stock exchange
Location: Santiago, Chile

  • The first attempts to establish a stock exchange in Chile were made in 1840 with little success. In 1884, there were already 160 corporations and this forced the creation of a specialized stock market where to direct all transactions with securities. The Santiago Stock Exchange was founded on November 27th, 1893, as a major step to infuse energy and vitality into the national economy.
  • ​Santiago Exchange has several markets, which currently trade over USD 2 billion a day in equities, fixed income securities, money market instruments, investment fund shares and foreign securities. During the last decade, the exchange has expanded and evolved into a global point of interest for investors and a strategic partner for regional stock markets.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered
Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.