August 2016 Sustainable Stock Exchange Highlights

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CONSULTATIONS AND DEADLINES

BM&F BOVESPA Proposes New Regulations for Special Corporate Governance Segments
September 9, 2016
The Brazilian exchange has proposed a new set of regulations for its Novo Mercado and Level 2 Corporate Governance segments, starting the second phase of the evolution process of segments that bring together companies with the Exchange’s highest corporate governance practices. Listed companies, investors, and stakeholders are encouraged to participate in the Public Hearing.

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UPCOMING WEBINARS AND EVENTS

SSE 2016 Global Dialogue
September 6, 2016 – Singapore
The biannual event, held in Singapore alongside PRI in Person, will provide a forum for stock exchanges to meet with their peers and stakeholders including investors and listed companies to evaluate the impact of new global sustainable development and green-finance policy agendas on capital markets.

PRI in Person
September 6 – 8, 2016 – Singapore
In the PRI’s 10th anniversary year, this PRI in Person will be bringing the world’s leading responsible investment event to Asia for the first time since 2008. This event is sold out, but there is a waitlist available.

6th Annual Africa Environmental, Social, and Governance Forum
October 12-13, 2016 – Johannesburg
Held at the Johannesburg Stock Exchange, the 6th annual Africa ESG Forum is designed to bring together asset owners and investment managers with authority in Africa to evaluate the depth of ESG integration and impact investment in Africa.

UN Environmental Programme (UNEP) Finance Initiative Global Roundtable
October 25-26, 2016 – Dubai
The 14th edition of the roundtable will build on the UN Sustainable Development Goals (SDGs) and the December 2015 Paris Climate Agreement.

WFE General Assembly & Annual Meeting
November 2-4, 2016 – Cartagena, Colombia
Hosted by the Colombian Stock Exchange, at the Hilton Cartagena Hotel. Registration for members and associates is open now and registration for affiliates, correspondents and non-member delegates will open on September 1. Click here to register.

20th African Securities Exchanges Association (ASEA) Conference
November 27-29, 2016 – Rwanda
The conference and general meeting is to be held at the Serena Hotel in Kigali, Rwanda, and is hosted by the Rwanda Stock Exchange.

Italy Corporate Governance Conference
December 1-2, 2016 – Milan
Italy’s second annual conference on corporate governance will take place at the Italian Stock Exchange in Milan. The two-day event will focus on Italian regulatory/market issues and how integrated governance can foster “long termism.”

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GENERAL NEWS

China aims to launch Shenzhen-Hong Kong Stock-Connect program in mid-December
August 25, 2016
China is aiming to inaugurate a stock-trading link between Shenzhen and Hong Kong around mid December that will allow global investors access to the country’s tech-heavy exchange.

130 Investors Urge G20 Nations to Ratify the Paris Agreement
August 24, 2016
Ahead of the upcoming G20 meeting in Hangzhou, China, 130 investors with over $13 trillion in assets under management wrote to the G20 heads of state urging them to ratify the Paris Climate Agreement this year and to double global investment in clean energy, strengthen climate disclosure mandates, develop carbon pricing, and phase out fossil fuel subsidies.

Deloitte: Effective governance practices and accountability result in “investor grade” reporting
August 23, 2016
Deloitte’s Kristen Sullivan says that reporting companies need to take measures to establish effective governance practices and accountability to drive high-quality, “investor grade” reporting. She also noted that the absence of accurate, relevant, and meaningful ESG data that can be used to inform management decision making and measure performance makes it harder for companies to create value based on the information, and leaves investors struggling to interpret and incorporate ESG information into their decision making in a meaningful way.

White House officials: To fight climate change, markets need to play a major role
August 18, 2016
A senior adviser to President Obama and the director of the White House’s National Economic Council say that combating climate change requires not only bold action by governments to cut carbon pollution, but also harnessing the power of market forces with clear, uniformly disclosed assessments of climate-related economic risks.

Leading companies drive business value through sustainability reporting
August 16, 2016
Effective corporate reporting on sustainability issues can help a company to improve brand loyalty and reputation, motivate employees, enable investors to appreciate the company’s real worth, including both tangible and intangible assets, and demonstrate the company’s commitment to the path of global sustainable development.

Singapore Exchange: Need for disclosure should account for current conditions
August 16, 2016
Singapore Exchange chief regulatory officer Tan Boon Gin said that listed companies should consider current economic conditions in determining whether a piece of information is material and should be announced, and boards should err on the side of disclosure when there is doubt.

Japan’s GPIF looks for an ESG index to maximize long-term investment returns
August 7, 2016
Japan’s Government Pension Investment Fund (GPIF) is accepting applications for an ESG index to try and maximize long-term investment returns through minimizing negative externalities related to environmental and social issues.

China expands its green bonds market with clearer policies
August 1, 2016
The largest, multi-denominated issue of green bonds on the international market so far marked a major expansion in China’s green bonds market. Along with that came a call from investors for policy support, in particular for standards on a third party certification.

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ESG INDICES AND PRODUCTS

Calvert Investments launches ESG-themed equity index
August 12, 2016
Calvert Investments has launched an index tracking globally listed firms with low carbon emissions, those that are actively reducing their greenhouse gas emissions, and those expanding their use of renewable energy sources.

Nairobi Securities Exchange and Kenya Bankers Association plan first private sector green bond
August 8, 2016
Kenyan banks, through the Kenya Bankers Association, are working to develop a Green Bond Market and have partnered with Nairobi Securities Exchange towards raising the country’s first bank-supported climate change-aligned corporate debt instruments in the next six to eight months

Oppenheimer files for two ESG ETFs with revenue-weighted feature
August 5, 2016
Two proposed funds, Oppenheimer ESG Revenue ETF and Oppenheimer Global ESG Revenue ETF, will track the underlying indices and will then seek to re-weight those companies as per their revenues earned.

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MANAGEMENT NEWS

CalPERS names Marcie Frost as new Chief Executive Officer
July 14, 2016
The CalPERS Board of Administration named Marcie Frost as the Pension Fund’s new chief executive officer. She will start her new role with CalPERS on October 3, 2016, replacing Anne Stausboll who retired at the end of June. Doug Hoffner will serve as interim CEO.

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