|Name||Wiener Börse (Vienna Stock Exchange)|
|Number of listed companies||85|
|Domestic market capitalization||174788 million US$|
|SSE Partner Exchange||Yes|
|Has annual sustainability report||No
|ESG reporting required as a listing rule||Yes
The European directive on non-financial information reporting (NFRD) has been implemented into the Austrian legal environment. The Nachhaltigkeits- und Diversitätsverbesserungsgesetz (NaDiVeG) makes CRS reporting mandatory as part of annual reporting.
Also, listed companies have to abide by the Corporate Governance Code and include a declaration of commitment. Source
|Has written guidance on ESG reporting||Yes
|Offers ESG related training||Yes
|Market covered by sustainability-related index||Yes
|Has sustainability bond listing segment||Yes
Green- and social bonds platform launched in 2018 see: https://www.wienerborse.at/en/issuers/bond-admission-listing/green-and-social-bonds/
|Has SME listing platform||Yes
||Women on boards mandatory minimum rule||Yes
Pursuant to § 86 (7) Aktiengesetz (AktG), listed companies and companies with more than 1,000 employees permanently employed, at least 30% of the Supervisory Board shall consist of women and at least 30% of the Supervisory Board shall consist of men, provided that the Supervisory Board consists of at least six (shareholder-appointed) members and at least 20% of the company’s workforce consists of female or male employees, respectively.
|Organizational model of stock exchange||
Private company for profit, demutualized in 1999
Government (Statutory) Model – the securities exchange is regulated by the Financial Market Authority (FMA). The FMA’s main responsibilities in regulating the Wiener Borse, is to supervise the legality of the stock exchange organisation and the decisions made by the bodies of the exchange operating company as well as the proper conduct of stock exchange trading. Listing requirements are set according to the Austrian Stock Exchange Act.
|About the stock exchange||
As the main infrastructure provider in the region, Wiener Börse AG is the gate to global financial markets. It operates the stock exchanges in Vienna and Prague. With state-of-the-art technology and customer-oriented services, the Vienna Stock Exchange, as a private, profit-oriented company, makes a significant contribution to an internationally competitive capital market. Its mission is to achieve greater growth than comparable stock exchanges. Creating trust and transparency has been its fundamental duty since 1771.
Listed companies benefit from maximum liquidity and visibility. Wiener Börse offers issuers efficient, cost-effective listing services for equity and debt instruments in line with international standards. Investors profit from fast and inexpensive trading by the market leader as well as a wide variety of products. Wiener Börse distributes stock market data and calculates the most important indices for a dozen markets in the region. Because of its unique know-how, the national exchanges in Budapest, Ljubljana and Zagreb trust the IT services of the Vienna Stock Exchange. Additionally, the group holds stakes in energy exchanges and clearing houses. Source
Ownership (Any owner with more than 4% of the exchange):
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.
|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|
The extent to which exchanges have regulatory authority in their market. This may include:
|About the stock exchange||The location of the headquarters of the exchange, and any additional details about the stock exchange.|