By Louis D Coppola @ G&A Institute..
The London Stock Exchange is the latest exchange to join the United Nations (UN) Sustainable Stock Exchanges Initiative (SSEI). They now join exchanges such as NASDAQ and NYSE who have signed on to the initiative last year.
The Sustainable Stock Exchanges (SSE) initiative is a peer-to-peer learning platform for exploring how exchanges, in collaboration with investors, regulators, and companies, can enhance corporate transparency – and ultimately performance – on ESG (environmental, social and corporate governance) issues and encourage sustainable investment.
You can read more about it here (http://www.sseinitiative.org/)
This is in the shadows of the recent draft listing requirements for exchanges developed by CERES, INCR, and other signatories of the PRI (including Blackrock and NASDAQ) to be discussed at this years meeting with the World Federation of Exchanges (WFE) in October.
At the Ceres 2013 Annual Conference, Sandy Frucher, Vice Chairman of NASDAQ OMX, spoke about the importance of sustainability disclosure, NASDAQ OMX’s dedication to encouraging stock exchanges around the world to get involved in sustainability, and Ceres’ leadership in developing a universal standard. Watch here: https://www.youtube.com/watch?v=LwK3ihCCYv0&list=PL9tkB4R2XNgzGDIr_q01BFM_TAGSoRB2T
As the world’s stock exchanges come together on this issue of better sustainability disclosure, and the European Union mandates sustainability reporting, and we now see 72% of the S&P 500 reporting on sustainability, we are beginning to see the tipping point where resistance becomes less then the momentum, demand, and drive for more and better sustainability disclosure.
We will keep our eyes open and update you as we see new developments on this front.