The Australian Securities Exchange (ASX) could become the next stock exchange to join a UN initiative promoting sustainability, according to reports. The Sustainable Sock Exchanges (SSE) initiative currently has ten partner exchanges.
The ASX has said it is “considering the progress” of the UN-backed SEE, according to the Financial Standard website. The exchange added that it “broadly supports” the objectives of the initiative but added that it already pursues “efforts regarding sustainability in other ways”.
In its corporate governance principles and recommendations, ASX states that listed companies should disclose information around risks relating to the economy, environment and social sustainability, as well as highlighting how the company will manage the risks.
The comments follow the London Stock Exchange (LSE) becoming a partner in the SSE earlier this month. Mark Makepeace, group director of information services at LSE, said, “Ultimately [sustainability] is about supporting stable global long-term economic growth.”
The SSE aims to explore how stock exchanges can work with investor, regulators and companies can enhance corporate transparency and encourage sustainable investment, across a range of environmental, social and governance (ESG) areas.
Participating stock exchange make a voluntary public commitment to promote improved ESG disclosure and performance among listed companies.
The role of stock exchanges in the sustainable investment market has been debated. Some have defined it as “nothing more than greenwash”, whilst the UN-supported Principle for Responsible Investment has argued that stock exchange are playing an increasingly prominent role in enhancing corporate sustainability reporting.
A report, published last year, ranked the world’s stock exchange on the extent their large listed companies disclosed a range of sustainability indicators, including energy, greenhouse gases and employee turnover. European stocks were ranked favourably, with eight of the top 10 coming from the continent.
Photo: ngould via Freeimages
Like our Facebook Page
Green Entrepreneurs Find Creative Ways to Balance Ethical Goals with their Retirement Objectives
The Surprising Environmental Benefits of Using an Organic Mattress
Everything You Need to Know Before You Start Using Renewable Energy in 2021
The Curtis Institute of Music Makes Facilities More Energy Efficient
What Can Ecotourists Learn from Visiting Chernobyl?
Mastering the Art of Trading Bitcoins Profitably and Sustainably
5 Essentials for Promising Eco-Friendly Businesses to Thrive in a New Economy
Bitcoin – an Eco-Friendly Cryptocurrency That is Rocking the World!
Charity Organizations Who Are Taking Steps to Become More Environmentally Friendly
Eco-Friendly Tips to Bear in Mind When Dealing with a Scrap Car Dealer
Eco-Friendly Devices Are Amazing for Improving Indoor Air Quality in Urban Areas
6 Financial Benefits of Solar-Powered Homes
From Store to Door with Minimal Impact: How Companies Are Eco-Friendly Innovators
The Eco-Friendly Evolution of Bitcoin Over the Years
A Guide to Investing In Renewable Energy Stocks in 2021
9 Simple Changes for Creating an Energy-Efficient Home
Creative Ideas to Practice Eco-friendlier Consumerism
Why Eco-Friendly Solutions Can Work for Your Home
How to be More Environmentally-Conscious in 2021
Hawkers Launch a Truly Innovative Eco-Friendly Sunglass Line
- Editors Choice12 months ago
10 Green Companies With Amazing Environmental Initiatives
- Features12 months ago
5 Sustainable Home Improvement Ideas To Improve Your Home’s Value
- Energy11 months ago
10 Amazing Energy Saving Hacks for Spring
- Invest10 months ago
4 Super Simple Solutions To Create The Perfect Eco-Friendly Home