| Name | Moscow Exchange |
| Country | Russian Federation |
| Number of listed companies | 832 |
| Domestic market capitalization | 517,349 million US$ |
| SSE Partner Exchange | Yes |
| Has annual sustainability report | Yes
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| ESG reporting required as a listing rule | No |
| Has written guidance on ESG reporting | Yes
On 19 January 2022, Moscow Exchange announced an updated version of its ESG Guide, A Guide for Issuers: How to Comply with Best Sustainability Practices. (in Russian) |
| Offers ESG related training | Yes
In 2021, the Moscow Exchange provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC. (source) |
| Market covered by sustainability-related index | Yes
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| Has sustainability bond listing segment | Yes
- Updates to the Moscow Exchange Listing Rules taking effect on 12 August 2019 created a Sustainability Sector for financing projects in the fields of environmental and social sustainability. The new sector will consist of three independent segments: green bonds, social bonds and national projects.
- The segments for green and social bonds are for Russian and international securities that meet requirements for a bond issue, issuer and investment project as set forth in the Green Bond Principles of the International Capital Market Association (ICMA) or the standards of the Climate Bonds Initiative (CBI). Whether a bond meets these requirements requires confirmation from an external review provider. This corresponds with the concept currently developed for green, social and sustainability bonds by the Russian Ministry of Economic Development, relevant government agencies, the Bank of Russia and business community. The concept will provide tax incentives for issuers and financial support from the Bank of Russia for investors (including provisioning benefits). The segment for national projects will include Russian and international bonds that meet the objectives of national projects such as Environment, Demography and Public Health.
- On 12 November 2019, Moscow Exchanges Sustainability Sector welcomed its first instrument a green bond issued by Center-invest Bank. The RUB 250 mln one-year bond will be offered on 15 November. The funds raised will be used to finance and refinance outstanding loans given to promote energy-saving initiatives, renewable energy sources and green transport.
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| Has SME listing platform | Yes
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| Women on boards mandatory minimum rule | No |
| Additional information | |
| Organizational model of stock exchange | - Listed company for profit; demutualized in 2011.
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| Regulatory bodies | |
| Regulatory model | Government (Statutory) Model- The Bank of Russia Financial Markets Service, operated under the Central Bank of Russia, has full regulation, control and supervision of the financial markets. The Moscow Exchange does not appear to have any regulatory authority.
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| About the stock exchange | Location: Moscow, Russian Federation- Moscow Exchange is Russia's largest securities exchange group. Established on 19 December 2011 with the merger of MICEX Group (created in 1992) and RTS Group (1995), it ranks among world's top 20 exchanges by trading volume and total market cap of shares traded, and among the top 10 derivatives exchanges. Its participants enjoy the state of the art, hi tech infrastructure to trade stocks, bonds, currency, fund shares, ETFs, commodities (grain, gold, silver), and derivatives, including OTC. (Source).
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