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SGX joins United Nations Sustainable Stock Exchanges initiative

Tuesday, September 6, 2016 - 14:05

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Singapore Exchange (SGX) said on Tuesday it has joined the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative as a partner exchange.

SINGAPORE Exchange (SGX) said on Tuesday it has joined the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative as a partner exchange.

The SSE initiative, opened by UN Secretary-General Ban Ki-Moon in 2009, serves as a platform for exploring how exchanges, together with stakeholders, can enhance corporate transparency on environmental, social and corporate (ESG) governance issues and stimulate sustainable investment.

As a partner exchange, SGX will commit to promoting sustainability in its markets and long-term sustainable investment through dialogues with investors, companies, and regulators.

The local bourse said that prior to this, it has had a long-term commitment towards sustainability. SGX made it mandatory this year for all listed companies to report their ESG practices from 2017 onwards.

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Earlier this year, SGX also launched the SGX Sustainability Indices, a suite of equity indices composed of SGX-listed stocks considered to be leaders in meeting ESG requirements.

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