January 2017 Sustainable Stock Exchange Highlights

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SSE INITIATIVE NEWS

More than 20 Stock Exchanges to Introduce Sustainability Reporting Standards
December 5, 2016
At least 21 more of the world’s stock exchanges plan to introduce sustainability reporting standards by the beginning of 2017, bringing the total number to 38. James Zhan, Director of UNCTAD’s Division on Investment and Enterprise, said, “21 stock exchanges have confirmed to us they will introduce new guidelines either this year or within the first quarter of next year, and we know that many of them are close because they have posted draft guidelines on their websites for comment and discussion.”

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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

Webinar: LSEG Guidance on ESG Reporting to Investors
February 9, 2017
This webinar will provide an insight into ESG reporting and explore the future of sustainability disclosure and dialogue between companies and investors. Participants will hear from industry experts from public companies, investors and financial institutions including the UN PRI, World Bank, Unilever and CCLA Investment Management. This event will be hosted by Xavier Rolet, Chief Executive of the London Stock Exchange Group, and will include participation by the Chief Executives of London Stock Exchange, Borsa Italiana, and FTSE Russell. Watch online here.

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LISTING STANDARDS AND GUIDANCE

London Stock Exchange Group to Launch Guidance on ESG Reporting
February 9, 2017
The London Stock Exchange Group will launch their ESG Guidance as part of their commitment to the United Nations Sustainable Stock Exchange (SSE) initiative to establish guidance on ESG reporting for all issuers in their markets. The guidance builds on the SSE’s Model Guidance as well as other key standards and initiatives including the recent proposals from the FSB Task Force on Climate-Related Financial Disclosures, which also recognizes the important role of exchanges to enable better information and data flows.
Egyptian Exchange Releases Guidance for Reporting on ESG Performance & SDGs
December 25, 2016
As a part of its commitment to the Sustainable Stock Exchanges (SSE) initiative, the Egyptian Exchange published “EGX Model Guidance for Reporting on ESG Performance and SDGs.” The guidance aims to promote transparency in the capital market,make sure that listed companies are able to develop a clear concept of sustainability, and issue effective sustainability reports disclosing their sustainability policies and performance.

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GENERAL NEWS

Bursa Malaysia’s Sustainability Framework Credited for Sustainable Momentum in its Markets
January 25, 2017
The sustainability framework, reporting guide, and toolkit launched by Bursa Malaysia in October 2015 for its publicly listed companies has been credited for strong progress towards Malaysia’s grand ‘Vision 2020’, which aims to make Malaysia a developed country by 2020. This mandates all listed companies to publish sustainability reports in stages over a three-year period. This is a clear signal of the progress made by Malaysian regulators in understanding and applying the concept of sustainability in business.

Politicians from 34 Countries ask Stock Exchanges to Support Climate Disclosure
December 14, 2016
Over 140 politicians from 34 countries are calling on the world’s stock exchanges to back stronger financial disclosure about climate change. In a letter sent to the World Federation of Exchanges (WFE), more than 140 lawmakers said the exchanges should play a more active role promoting rules that would achieve greater information about investors’ exposure to the hazards of climate change. The WFE responded, saying officials at almost all of their exchanges said their markets should scrutinize the long-term environmental sustainability of the companies they regulate. “As an industry, we support transparency and accountability and measures aimed at sustaining the long-term health of markets,” stated Nandini Sukumar, CEO of WFE.

Among Global Firms, Sustainability Disclosure Increased Slightly
December 2, 2016
Among global firms, the average disclosure rate across a wide set of sustainability practices increased slightly compared to last year, signaling more focused sustainability reporting, according to a new report by The Conference Board. Moreover, companies reported improved performance among a number of environmental practices. Companies in the S&P Global 1200 showed an overall disclosure rate of 27 percent (an average across 75 different practices), up slightly from 26 percent the year before. The plateau in disclosure was in part driven by more focused reporting and an emphasis on materiality, according to The Conference Board.

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ESG INDICES AND PRODUCTS

France Issues Record $7.5 billion in Green Bonds
January 25, 2017
France has issued a record 7 billion euros (US$7.5 billion) in green treasury bonds, a boost to efforts to generate investment in clean energy. The French government celebrated the higher than expected demand for the bond issue. President Francois Hollande called on others to follow France’s example. The 22-year bonds that will go exclusively toward green energy spending were sold to banks, insurers and other institutional investors at a 1.75 percent interest rate, comparable to classic government bonds for the same period.

Ground-Breaking UN-Supported Digital Tool to Enhance Green Finance
January 20, 2017
The United Nations environment agency and a leading Chinese online financial service provider rolled out an innovative program at the World Economic Forum Annual Meeting in Davos, Switzerland, aiming to stimulate the advancement of digital technologies in green finance. The ground-breaking initiative called the ‘Green Digital Finance Alliance’ is a partnership between the UN Environment Programme (UNEP) and Ant Financial Services Group (Ant Financial), China’s leading online and mobile financial services provider. “The Green Digital Finance Alliance is a unique partnership ensuring that we can align tomorrow’s fintech-powered (financial technology) global financial system with sustainable development,” said Erik Solheim, Executive Director of UN Environment.

First Ever Sovereign Green Bond Listed By Luxembourg
December 20, 2016
Poland has chosen LuxSE as the listing venue for the first sovereign green bond in international capital markets. The EUR 750 million green bond will, in parallel, be displayed on the Luxembourg Green Exchange (LGX), launched in September 2016. The LGX, the world’s first platform dedicated exclusively to green securities, provides issuers and investors an environment where they can come together and fulfill their green objectives.

Sustainalytics Launches ESG Tool
December 14, 2016
Sustainalytics, a leading global provider of ESG and corporate governance research and ratings, launched ESG Signals, an innovative quantitative tool that provides securities-level financial risk and opportunity signals based on environmental, social and governance (ESG), trading and financial data. ESG Signals analyzes thousands of correlations between variables over time and applies machine learning to extract meaningfully predictive risk/opportunity signals.

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