Since 2009 the Sustainable Stock Exchanges (SSE) initiative has been working in partnership with stock exchanges to develop more sustainable capital markets. To create these markets, sustainable development must be integrated into the mainstream economy. With the historic adoption of the UN 2030 Agenda and 17 Sustainable Development Goals (SDGs), markets have an internationally agreed upon framework for contributing to the creation of sustainable markets and society.
To promote further action, this report is organized into two segments. The first is a progress report on stock exchanges’ work in promoting sustainable capital markets. The second explores five targets under the SDGs that stock exchanges are well positioned to support. Combined, these two segments demonstrate what is possible when stock exchanges around the world take steps to integrate sustainable development into capital markets.
In examining the ESG practices of 82 stock exchanges, the SSE found exchanges were increasingly taking actions that contribute to creating more sustainable capital markets.
One development was the sheer number of exchanges now partnering with the SSE initiative. 58 stock exchanges, representing over 70% of listed equity markets, have made a public commitment to advancing sustainability in their market and are now official SSE Partner Exchanges.
In regards to market transparency, 12 exchanges currently incorporate reporting on environmental, social, and governance (ESG) information into their listing rules and 15 provide formal guidance to issuers. The progress of SSE’s campaign to encourage exchanges to issue guidance signals that the industry is ready to take the lead when presented with practical opportunities to develop more sustainable markets.
Read the full report here