(Santiago, 5 December 2014) Chilean stock exchange Bolsa de Comercio de Santiago has signed its commitment letter, officially becoming a Partner Exchange of the Sustainable Stock Exchanges (SSE) initiative. Santiago expressed interest in the initiative in November at the IV International Forum on Sustainability in Santiago, noting it had asked for board approval to take part in the initiative. It also announced at the Forum the forthcoming development of a new, investable, sustainability index.
Board President Juan Andrés Camus stated, “The Santiago Stock Exchange’s incorporation into the SSE is in line with the exchange’s work on the sustainability and transparency of the securities market via various initiatives, internal policies, norms, and adoption of international standards.” Moreover, he noted, “the SSE is a learning platform that enables exchanges to work together on environmental, social, and governance issues, which allows us to share progress with other exchanges on sustainability around the world. This is key to the successful generation of business value and to the creation of an environment of trust and transparency for investors.”
With Santiago’s commitment, all four exchanges in the Integrated Latin American Market (known as MILA for its Spanish initials) – Santiago, Lima, Colombia and Mexico – are now Partner Exchanges of the SSE. The aim of the initiative, launched by the UN Secretary-General in 2009, is to promote the collaboration of stock exchanges with investors, regulators and companies in order to enhance corporate transparency and commitment to environmental, social and corporate governance issues and to encourage sustainable investment.