• Six Recommendations for Communicating Sustainability guide released in early 2019.
• Code of best practice on corporate governance also includes sustainability section.

• CSE recently formalized an arrangement with the Global Reporting Initiative (GRI) to provide guidance to listed companies on ESG disclosures in Sri Lanka and conducted workshops on corporate transparency and sustainability reporting.
• CSE, GRI conduct programme to foster transparency and sustainability among listed companies (March 2019).
• CSE in collaboration with Tundra Fonder recently hosted the CSE Tundra Fonder Sustainability Forum to discuss, understand and integrate ESG analytics into business planning and operations.
• In 2022, CSE provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC. (source)

The Colombo Stock Exchange (CSE) announced the introduction of listing and trading of Green Bonds for the first time in the Sri Lankan stock market, with effect from 25th April 2023. (source)

• Corporate Sustainability Statement in 2014 Annual Report (Pg. 60).

• Not for Profit Organization. Legal Form: Company Limited by Guarantee.

• Securities and Exchange Commission of Sri Lanka.

Limited Exchange Self-Regulatory Organization (SRO) Model

• Although the Colombo Stock Exchange is a self-regulating exchange, its functions are fairly limited. Essentially, the exchange is responsible for monitoring its market but the greater authority falls upon the Securities and Exchange Commission (SEC) of Sri Lanka. The SEC, Sri Lanka, possesses a variety of powers and functions that allow it to supervise and enforce regulations in the Sri Lankan capital markets.

Location: Colombo, Sri Lanka

• The CSE is a company limited by guarantee, established under the Companies Act No. 17 of 1982 and is licensed by the Securities & Exchange Commission of Sri Lanka (SEC). The CSE is a mutual exchange and has 15 full members and 16 Trading Members licensed to trade both equity and debt securities, while three members are licensed to trade in debt securities only. All members are licensed by the SEC to operate as stockbrokers. All members are corporate entities and some are subsidiaries of large financial institutions. At present the CSE functions as a market operator and through its fully owned subsidiary, Central Depository Systems (Pvt.) Limited (CDS), acts as a clearing and settlement system facilitator. The CSE also oversees compliance through a set of rules, promotes standards of corporate governance among listed companies and is actively involved in educating investors. In the course of its operations, the CSE interacts with many customers and stakeholders which include issuers (such as companies, corporations and unit trusts), commercial banks, investment banks, fund managers, stockbrokers, financial advisers, market data vendors and investors.