National Stock Exchange of India

Exchange entity National Stock Exchange of India (NSE)
Conducts business in India
Number of listed companies (dec./16, WFE) 1,840
Domestic market capitalization (in Millions USD, dec./16, WFE) 1,534,268
Has signed the SSE Commitment Letter? Yes
Has prepared SSE Communication to Stakeholders? Yes
  • NSE's Annual Report provides much depth to their business sustainability approach. With respect to external stakeholders, since 2014 they have engaged with listed companies to ensure compliance to business responsibility reporting.
Requires ESG reporting as a listing rule? Yes;
Offers written guidance on ESG reporting? Yes;
Offers ESG related training? Yes
  • Training Workshop on Business Responsibility Reporting (BRR) - this workshop is focused on the companies to adopt the comprehensive principles relating to social, environmental and economic responsibility of business as part of their business practices and understand the importance of Business Responsibility Reporting about the various initiatives taken by them.
  • The domain of Business Responsibility has been anchored in the Centre for Institutional Partnerships and Corporate Communications. Several initiatives, including capacity development efforts in collaboration with NSE Academy Limited; roll out of an E Tool for Business Responsibility Reporting; updating of the National Voluntary Guidelines and organizing the annual India Business Responsibility Conclave, are some of the key initiatives which being planned by the Centre. See more here.
  • Women Director Training Program- The program was designed to provide (a) an overview of the knowledge and competencies that are expected from the present day director (b) understanding the way the board operates and the responsibility to be discharged and the various skill and attitude required in discharging the responsibility.
Provides sustainability-related indices? No
  • In development, to be launched by the end of 2017
Offers green bonds listings? Yes NSE has also various initiatives to promote this product, including:
  1. Creating awareness on green bond issuance by circulating SEBI guidelines on green bonds to the existing unlisted as well as upcoming issuers, informing issuers about the SEBI guidelines for classifying their bonds as green bonds and meeting with arrangers and merchant bankers to discuss upcoming green bond issuance and how the exchange can be of support to them;
  2. Advocacy with domestic financial institutions for inducting them as investors in domestic green bond issuance
  3. Relaying feedback on green bond guidelines to SEBI
  4. Leading seminars and round table discussions on deepening markets for green bonds. For example, a round table event on “Green Bond as a new source of funding” was organized on April 28, 2016 at NSE premises in collaboration with Climate Bonds Initiative, FICCI, GII, UNEP Inquiry and USAID.
Additional Information
Organizational model of stock exchange
  • Demutualized for profit
Regulatory bodies
  • Securities and Exchange Board of India (SEBI)
Regulatory model
  • Limited Exchange Self-Regulatory Organization (SRO) Model The responsibility of the Securities and Exchange Board of India (SEBI) is to protect the interests of investors and regulate the securities market. The National Stock Exchange of India appears to have regulatory authority limited to stock exchange membership and limited market surveillance.
About the stock exchange
  • Location: Mumbai, India The National Stock Exchange (NSE) is India's leading stock exchange covering various cities and towns across the country. NSE was set up by leading institutions to provide a modern, fully automated screen-based trading system with national reach. The Exchange has brought about unparalleled transparency, speed & efficiency, safety and market integrity. It has set up facilities that serve as a model for the securities industry in terms of systems, practices and procedures. NSE has played a catalytic role in reforming the Indian securities market in terms of microstructure, market practices and trading volumes. Source