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SGX joins United Nations Sustainable Stock Exchanges initiative
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.
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.