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Domestic market capitalization
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Nasdaq Helsinki

Name Nasdaq Helsinki
Country Finland
Number of listed companies 151
Domestic market capitalization 275000 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes

ESG reporting required as a listing rule No

Has written guidance on ESG reporting Yes

  • Released in March 2017 across Nasdaq’s Nordic and Baltic Exchanges.
Offers ESG related training Yes

Market covered by sustainability-related index Yes

  • Nasdaq offers 70 sustainability-related indexes (not all actively traded), including:
    • OMX GES Ethical indexes:
    • OMX GES Ethical Nordic Index
    • OMX GES Ethical Norway Index
    • OMX GES Ethical Sweden Index
    • OMX GES Ethical Denmark Index
    • OMX GES Ethical Finland Index
    • OMX GES OMXS30 Ethical Index
    • OMX GES Sustainability Nordic and OMX GES.
  • Sustainability Sweden:
    • OMX GES Sustainability Nordic Index
    • OMX GES Sustainability Sweden Index
    • OMX GES Sustainability Sweden Ethical Index

Has sustainability bond listing segment Yes

  • Nasdaq Stockholm and Nasdaq Helsinki launched a sustainable bond list in 2015 on the main market and another, the First North Sustainable Bond List, on the First North market in the beginning of 2018.

Has SME listing platform Yes

Additional information
  • Sustainability Section on Website.
  • The Nasdaq speaks, moderates, sponsors, or otherwise exhibits at key industry events related to sustainability. (Source).
  • Nasdaq and CERES’ Investor Network on Climate Risk (INCR) is working with other partners to create an investor-centric sustainability reporting proposal for public companies and stock exchanges. (Source).
  • Nasdaq is a member of the United Nations Global Compact and Chair of the WFE Sustainability Working Group. (Source)
  • Board Member, US Global Compact US Network; Advisory Board Member, SASB.

Organizational model of stock exchange
Listed company for profit; demutualized in:

  • NASDAQ – 2000
  • OMX – 1993.

Regulatory bodies

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

  • Regulatory practices in regards to this exchange vary slightly from country to country. However, the exchanges operated by NASDAQ OMX in each country appear to have basic regulatory oversight. However, the ultimate regulatory authority for each market lies with the regulatory bodies listed.

About the stock exchange
HQ Location: New York, New York.

  • Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, click here.

Stock Exchange Database Criteria

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

Conducts business in Country or Market in which the stock exchange operates
Number of listed companies (Date updated) Updated either by the stock exchange directly or using WFE data
Domestic market capitalization  Updated either by the stock exchange directly or using WFE data
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.