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NameWarsaw Stock Exchange
CountryPoland
Number of listed companies810
Domestic market capitalization197,389 million US$
SSE Partner ExchangeYes
Has annual sustainability reportNo
ESG reporting required as a listing ruleNo
Has written guidance on ESG reportingYes

Offers ESG related trainingYes

Market covered by sustainability-related indexYes
  • In August 2019 the exchange launched a new equity index which provides exposure to blue-chip stocks listed in Poland while tilting to those with the strongest environmental, social, and governance (ESG) profiles. The WIG-ESG Index includes 60 of the largest and most-liquid securities trading on GPW, deriving its constituents from the large-cap WIG20 Index and mid-cap mWIG40 Index. Constituents are assigned ESG scores using insights from Amsterdam-based ESG analytics firm Sustainalytics. (Source).
  • RESPECT Index:  The RESPECT Index is Central and Eastern Europes first social responsibility index (SRI). The project was initiated by Warsaw Stock Exchange in 2009 when the first index portfolio was published. The RESPECT Index portfolio covers Polish and foreign companies listed on the WSE Main Market which follow the highest corporate governance, disclosure and investor relations standards, and which also take into account environmental, social and governance factors. The participating companies are screened by WSE and the Association of Listed Companies (SEG) in a three-stage process of review of all these factors and additionally audited by the project partner since the first edition: Deloitte.

Has sustainability bond listing segmentYes

In June 2023, GPW Launched Warsaw Sustainable Segment (source)

Has SME listing platformYes

Women on boards mandatory minimum ruleNo
Additional information
Organizational model of stock exchange
  • Public listed company; IPO in 2010.

Regulatory bodies

Regulatory model

Limited Exchange Self-Regulatory Organization (SRO) Model

  • The Warsaw Stock Exchange publishes a set of rules and regulations and possesses its own regulations management board and supervisory board.  However, the Polish Financial Supervision Authority appears to dictate market rules and develop the acts that the exchange must follow. The Warsaw Stock Exchange is able to engage in limited self-regulatory activities, including tasks such as market monitoring.

About the stock exchange

Location: Warsaw, Poland

  • WSE started operation in 1991 as a company held 100% by the State Treasury. In 2010, the State Treasury arranged a public offering of WSE shares; as a result, shares of the Exchange were newly listed on the WSE Main Market on 9 November 2010. Warsaw Stock Exchange is the largest national financial instruments exchange in the region of Central and Eastern Europe1 and one of the fastest-growing exchanges in Europe. The Group offers a wide range of products and services within its trading markets of equity, derivative, debt and structured products, electricity, natural gas, property rights, as well as clearing of transactions, operation of the Register of Certificates of Origin of electricity and sale of market data. As at 31 December 2013, WSE was a leader in the CEE Region in terms of capitalisation of listed companies, the value of turnover in shares and the volume of turnover in derivatives. The share of WSE in trading in shares in the Region increased from 54.3% in 2012 to 58.5% in 20132 . Furthermore, the electricity market comprised of the spot and the forward market operated by the Polish Power Exchange (PolPX), was the largest electricity market as measured by the volume of trade in 2013 in the CEE Region. More details here.