December 2015 Sustainable Stock Exchange Highlights

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SSE INITIATIVE NEWS

The SSE Convenes Global Market Leaders in Paris to Support UN Climate Talks
December 7, 2015
CEOs gathered alongside COP21 to discuss how stock exchanges, investors, and regulators can advance the global climate agenda. The same day, all Euronext exchanges, as well as exchanges from Canada, India, Morocco, Spain, Qatar and Zimbabwe joined the United Nations Sustainable Stock Exchanges (SSE) initiative, which now includes four out of the five largest exchanges in the world, bringing the total to 48.

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CONSULTATIONS AND DEADLINES

Water Climate Bond Standard Consultation
Comments due February 12, 2016
The standard is intended to provide investors with verifiable, science-based criteria for evaluating water-related bonds, and to assist issuers in differentiating their green bond offerings. Please send all comments to justine@climatebonds.net.

Natural Capital Protocol Consultation
Comments due February 26, 2016
Designed for all businesses, the Protocol aims to provide a standardized framework to identify, measure, and value companies’ impacts and/or dependencies on natural capital. A series of webinars will inform the consultation process.

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WEBINARS AND EVENTS

3BL Media Best Practices Webinar: Trends in Sustainability Reporting
January 14, 2016
With the COP21 climate change agreement in place and the recent introduction of the UN Sustainable Development Goals, this webinar will provide an overview of the Global Reporting Initiative’s focus in 2016 and include examples of how leading corporations are communicating about their sustainability efforts.

Hong Kong Exchange Environmental, Social, and Governance (ESG) Reporting Training
January 27, 2016
This course will explain each aspect of Hong Kong Exchange’s ESG Guide and provide participants with tools to begin ESG reporting, with an emphasis on developing the information and the data collection process.

Comply or Explain: Review of FTSE350 Greenhouse Gas Reporting in Annual Reports
January 28, 2016
The Climate Disclosure Standards Board (CDSB) will discuss the disclosure of environmental information in the annual reports of FTSE350 companies in relation to the United Kingdom’s Companies Act of 2006.

Responsible Investing Asia: Investing for Resilience
February 23 – 24, 2016
This free conference, held at the Tokyo Stock Exchange Hall, will explore the effect Japanese Stewardship and Corporate Governance Codes will have on reforming Japan’s investment chain to include a greater focus on responsible investing.

Fifth Annual edie Sustainability Reporting Conference
February 23, 2016
This annual conference hosted by edie.net will be held in London, and will feature ESG reporting innovations in the areas of engagement, data gathering, verification, and writing that can drive improvement and efficiency in the reporting process.

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GENERAL NEWS

GRI Convenes Technology Consortium to Unlock Power of Sustainability Data
December 22, 2015
Aimed at moving corporate sustainability “beyond reports,” the tech industry, academia, and civil society among others will discuss how technology and big data can be used to advance the use of ESG data in business and policy.

Hong Kong Exchange to Implement New ESG Listing Rules
December 18, 2015
After its consultation met with strong support from a broad range of respondents, issuers will now be required, on a “comply or explain” basis, to report their ESG performance as a condition of being listed and on an annual basis.

Luxembourg Stock Exchange: The Home of Green Bonds
December 18, 2015
Promoting the highest transparency and integrity from green issuers, the exchange boasts over 80 green bonds listed by 20 issuers in 19 currencies.

Singapore Exchange Enforces Governance Listing Requirements
December 10, 2015
With a new CEO and a former white-collar crime police chief as its top regulatory officer that is armed with enhanced regulatory powers, the exchange is focusing on problems such as questionable accounting and inadequate disclosures.

Deloitte Donates US $1 Million to Sustainability Accounting Standards Board
December 9, 2015
Both financial and services-based, the million dollars will be provided over the course of four years, while the services will consist of advising SASB on how to assist companies in complying with their disclosure processes.

Stock Exchanges Join the Growing Trend Towards Sustainability
December 9, 2015
Nasdaq and BrownFlynn recount the efforts behind the World Federation of Exchanges recently released sustainability guidance and how it adds to the increasing pressure on issuers to measure, manage, and report their ESG performance.

Myanmar Inaugurates New Stock Exchange
December 9, 2015
Myanmar’s new Yangon Stock Exchange will initially only be open to the Myanmar market. Officials hope it will help local companies raise capital and fuel economic development in the area. Six companies will start trading in March 2016.

KPMG Reports on the State of Corporate Sustainability Reporting
December 8, 2015
With commentary to move away from anecdotal, “feel-good stories” in favor of using measurable and auditable metrics to report on material ESG issues, KPMG’s report finds that although corporate responsibility reporting is becoming standard practice, integrated reporting has yet to take off. Additionally, KPMG offers seven tips on how to improve carbon reporting.

Financial Stability Board Confirms Establishment of a Task Force on Climate-Related Financial Disclosures
December 4, 2015
The industry-led task force will develop a set of voluntary reporting standards to achieve consistent, comparable, reliable, clear, and efficient corporate disclosures on physical, liability, and transition risks associated with climate change.

Solid Gains at Tokyo Stock Exchange  Linked to Corporate Governance Reform
November 30, 2015
Adding corporate governance listing requirements was welcomed with open arms by many foreign investors, which is reflected in Tokyo Stock Exchange being on course to end the current year on the rise, potentially marking the fourth year of gains.

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ESG INDICES AND PRODUCTS

Citing Client Demand, State Street Launches Fossil Fuel-free Exchange Traded Fund
December 2, 2015
Developed with the Natural Resources Defense Council, the fund holds stocks in Standard & Poor 500 companies that are not involved in coal, oil, or gas.

Hong Kong Business Sustainability Index Launched
December 2, 2015
The Hong Kong Business Sustainability Index comprises 50 companies assessed for their performance on Corporate Social Responsibility values, practice, impact, and their contribution to economic, social, and environmental sustainability.

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MANAGEMENT NEWS

New Chief Operating Officer (COO) at Nasdaq
December 16, 2015
As President and COO, Adena Friedman will assume responsibility for all of the company’s global business operations.

New Secretary General at International Organization of Securities Commissions (IOSCO)
December 16, 2015
Paul P. Andrews will replace David Wright for a three-year renewable term beginning in March 2016.

London Stock Exchange Group Names Two New Board Members
December 7, 2015
David Nish, former CEO at Standard Life Plc, and Lex Hoogduin, former Chief Economist at Robeco, have been named as independent non-executive directors.

EUROSIF Appoints New Executive Director
December 1, 2015
Flavia Micilotta has been hired as the new executive director of the leading pan-European sustainable and responsible investment membership organization to replace outgoing chief, François Passant.

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This is a monthly newsletter courtesy of Ceres’ Investor Network on Climate Risk and the UN Sustainable Stock Exchanges Initiative. To subscribe, click here
Send exchange-related ESG news to Tracey Rembert, Director, Investor Initiative for Sustainable Exchanges: rembert@ceres.org 

 

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