Bombay Stock Exchange

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Domestic market capitalization
million US$

Bombay Stock Exchange

Name BSE India Ltd.
Country India
Number of listed companies 4695
Domestic market capitalization 1116275 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes
ESG reporting required as a listing rule Yes

  • Dependent on size of company. (Source)
Has written guidance on ESG reporting Yes

  • BSE (2018) Guidance Document on ESG Disclosures
  • BSE signed Memorandum of Understanding with GRI for creating awareness amongst companies and investors regarding ESG Disclosures
    BSE – Carbon Disclosure Project (CDP) initiative. BSE signed Memorandum of Understanding with CDP India to jointly carry out activities for creating awareness about filing sustainability data / Environment, Social and Governance (ESG) data with CDP. CDP India is actively in touch with Top 200 (BSE-200 constituents) companies to encourage them to report non financial data. The data received from CDP will be used for the calculations of S&P BSE Carbonex.
  • Business Responsibility Report is mandatory for to 500 listed companies as per Market Capitalisation. BSE being a listed company and one the Top 500 Companies will be filing Business Responsibility Reporting every quarter.
Offers ESG related training Yes

  • BSE is organising workshops for corporates and investors with Global as well as Indian partners to provide traing in the area of ESG.
Market covered by sustainability-related index Yes

  • S&P BSE CARBONEX,
  • S&P BSE 100 ESG
  • S&P BSE GREENEX
Has sustainability bond listing segment Yes

  • The Bombay Stock Exchange (BSE)’s international arm, India International Exchange (India INX), announced in 2019 its exclusive green listing and trading platform called Global Securities Market (GSM). GSM Green will serve as a platform for fundraising and trading green, social, and sustainable bonds exclusively. Source
Has SME listing platform Yes

  • BSE SME, since 2012
Women on boards mandatory minimum rule Yes
Additional information
  • BSE is a member of WFE Sustainability Working Group
Organizational model of stock exchange
  • Demutualized for profit; demutualized in 2005
Regulatory bodies

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

  • SEBI has the ability to install laws and regulations that dictate the operations of the stock markets in India. However, the Bombay Stock Exchange still possesses significant regulatory powers. For instance, the exchange can install its own listing requirements, such as the requirement for company’s of a certain size to disclose a CSR report, and it possesses its own market and member regulation responsibilities.
About the stock exchange
Location: Mumbai, India

  • Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. Popularly known as BSE, the bourse was established as “The Native Share & Stock Brokers’ Association” in 1875. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). More than 5000 companies are listed on BSE making it world’s No. 1 exchange in terms of listed members. The companies listed on BSE Ltd command a total market capitalization of USD 2.37 Trillion as of December 2017. (Source)
  • Largest shareholder is Deutsche Börse AG

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.