February 2017 Sustainable Stock Exchange Highlights

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SSE INITIATIVE NEWS

LSE Group Launches Guide to ESG Reporting
February 9, 2017
The London Stock Exchange Group (LSEG) brought together over 100 financial leaders from institutional investment firms and listed companies for the launch of LSE Group’s new Guide to ESG Reporting.

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CONSULTATIONS AND DEADLINES

FSB’S TCFD Public Consultation Period
Until February 12, 2017
With the release of the FSB Task Force on Climate-related Financial Disclosures’ report on December 14, a 60-day public consultation has been opened to solicit views on the Task Force’s recommendations. The public consultation will close on February 12, 2017. Results from the public consultation will be shared with the FSB in March 2017 and then an updated report will be delivered in June 2017. You can submit your feedback to the Recommendations report here.

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WEBINARS AND EVENTS

Ring the Bell for Gender Equality
March 2017
In celebration of International Women’s Day (March 8, 2017), over 40 stock exchanges will host a bell ringing ceremony to raise awareness of the pivotal role the private sector can play in advancing gender equality to achieve the UN’s SDG 5.

Ceres Conference 2017: Sustainability Is The Bottom Line
April 26-27, 2017
Held in San Francisco, attendees will hear from leaders who are catalyzing breakthroughs on sustainability issues such as investing in clean energy, ensuring just treatment of workers, building sustainability-competent boards, promoting gender equality in business and governments, and climate risk disclosure.

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LISTING STANDARDS AND GUIDANCE

Guidance launched linking GRI Standards to SEBI Framework
February 14, 2017
Global Reporting Initiative (GRI) and the Bombay Stock Exchange (BSE), one of India’s leading exchange groups, have released a linkage document between the GRI Standards and the Securities & Exchange Board of India (SEBI) Business Responsibility Report (BRR) Framework. The document is aimed at companies that wish to use the GRI Standards to comply with SEBI’s reporting requirements, which have been mandatory for the top 500 Indian companies listed in the country’s stock exchanges since 2015. The guidance was unveiled to reporters at the GRI Standards launch event in Mumbai, co-hosted by BSE.

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GENERAL NEWS

Consulting group charts trends amongst Singapore’s sustainability reporters
February 23, 2017
With the Singapore Stock Exchange’s (SGX) announcement last year that sustainability reporting is to be introduced on a comply or explain basis for all listed companies from the end of FY2017, Paia Consulting published a paper identifying trends in reporting of material issues of the Singapore companies that are already producing sustainability reports.

The Egyptian Exchange (EGX) and Sydney Stock Exchange (SSX) sign a Memorandum of Understanding
February 15, 2017
In an important step towards their mutual goals to build capital flows and communication channels, The Egyptian Exchange (EGX) and Sydney Stock Exchange (SSX) signed a Memorandum of Understanding (MOU) that includes mutual cooperation and the exchange of information across both Exchanges’ business areas. Through this MOU the two exchanges have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, products, and markets, and to share knowledge and build on both exchanges’ strategies of strengthening international connectivity.

World Federation of Exchanges responds to FSB’s Task Force on Climate-related Financial Disclosures Report Consultation
February 13, 2017
The World Federation of Exchanges (WFE) has submitted its response to the Financial Stability Board (FSB) Task Force (“Task Force”) on Climate-related Financial Disclosures Report Consultation. The WFE response, prepared with input from members of the WFE Sustainability Working Group (SWG), commends the Task Force for its work, noting the Recommendations should contribute positively to achieving greater certainty about what climate-related information preparers of financial information (companies themselves) should disclose. See the response here.

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ESG INDICES AND PRODUCTS

Nigeria plans Africa’s first sovereign green bond
February 23, 2017
Nigeria’s acting President Yemi Osinbajo, has announced that the federal government is currently making arrangements to inaugurate Africa’s first sovereign green bonds. Osinbajo said this at the Green Bonds Capital Market and Investors Conference organized by the Federal Ministry of Environment and the Debt Management Office at the Nigerian Stock Exchange (NSE) office in Lagos.

MSCI Launches ESG Index Series
February 14, 2017
MSCI has launched an index series geared to ESG investing that aims to help institutional investors be more inclusionary and universal in their approach to ESG investing, so that they have a broader universe of equity investments to draw from without giving up their ESG focus. These indices will move away from a market capitalization weighting for equities to one that takes stock of their ESG profile so as to better weigh ESG performance. The MSCI index will only exclude such companies that it deems to have violated international standards on matters such as human rights or the environment, as well as those it considers to be involved with “controversial weapons,” such as biological and chemical weapons.

MANAGEMENT NEWS

Sarah Al Suhaimi to Become the First Woman to Head Saudi Arabia’s Stock Exchange
February 16, 2017
NCB Capital Co. Chief Executive Officer Sarah Al Suhaimi will become the first woman to chair Saudi Arabia’s stock exchange, the largest bourse in the Middle East. Al Suhaimi was appointed chairwoman of the Tadawul, replacing Khalid Al Rabiah, the exchange said in a statement on Thursday. She is expected to keep her position at NCB Capital, the investment banking unit of National Commercial Bank, a person familiar with the appointment said. Al Suhaimi was the first female head of a Saudi investment bank when she assumed the role in 2014.

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