(24 June 2018) Dhaka Stock Exchange Limited (DSE) has announced signing of a commitment letter with the United Nations Sustainable Stock Exchanges (SSE) initiative, making it the 75th stock exchanges worldwide committed to sharing information and working with stakeholders to promote the sustainability and transparency of capital markets.
“We are delighted to join the UN SSE initiative. This collaboration with SSE Initiative will offer us an opportunity to deliver internationally renowned ESG reporting expertise in Bangladesh, which would be of benefit to all our capital market stakeholders.” said K.A.M. Majedur Rahman, Managing Director of DSE.
He added, “This year we started arranging joint workshops for listed companies to promote long term sustainable investment and improved environmental, social and corporate governance disclosure and performance among companies listed on the exchange. In our first workshop with about 30 listed companies held in May, we observed keen interests among the participants for sustainability reporting and corporate transparency. We are very pleased to note that a good number of DSE listed companies have been reporting on sustainability.
We firmly believe that collaboration of DSE with SSE Initiative will help strengthen our efforts in promoting sustainable investment and reporting in Bangladesh.”
The SSE provides a platform for peer-to-peer dialogue among global exchanges. By exploring how stock exchanges can work together with investors, regulators, and companies, the SSE works to encourage sustainable investment, while also enhancing corporate transparency and performance in respect to environmental, social and corporate governance (ESG) issues.
Stock exchanges can encourage responsible investments by offering sustainability indices and other relevant financial instruments. Moreover, by encouraging their listed companies to measure and publicly report their ESG performance and impacts, stock exchanges can promote better business practices within their capital markets.
Dhaka Stock Exchange has a history dating back to 1954. It now becomes the 75th SSE Partner Exchange committed to promoting transparent and sustainable capital markets.
About the Sustainable Stock Exchanges initiative
The SSE provides a peer-to-peer learning platform for exploring how exchanges—in collaboration with investors, regulators, and companies—can encourage sustainable investment and enhance corporate transparency, and ultimately performance, on ESG (environmental, social and corporate governance) issues. The SSE is a United Nations Partnership Programme convened by the UN Conference on Trade and Development (UNCTAD), the UN Global Compact, the UN Environment Finance Initiative (UNEP FI), and the Principles for Responsible Investment (PRI). For more information on specific exchanges’ sustainability efforts, how to become a Partner Stock Exchange, and further opportunities to advance the integration of sustainability within capital markets, visit www.sseinitiative.org