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World Exchanges agree to enhanced sustainability guidance

Xinhua, November 5, 2015 Adjust font size:

The World Federation of Exchanges (WFE) on Wednesday presented recommendations to its member exchanges on how to implement their sustainability policies, the culmination of a year-long project by its sustainability working group.

The guidance is designed to be implemented by member exchanges on a voluntary basis.

The WFE identifies environmental, social and governance metrics which exchanges can incorporate into disclosure guidance to companies listed on their markets. It also offers practical advice on how to roll-out enhanced sustainability disclosure.

In addition, for those exchanges signed up to the United Nations Sustainable Stock Exchanges initiative, the adoption of the WFE guidance is a way to meet their sustainable stock exchange commitments.

"Exchanges operate orderly markets, seek to foster investor trust and invest in promoting good corporate governance standards. As an industry, exchanges are seeking to connect the dots for investors, companies, regulators and the wider community," WFE CEO Nandini Sukumar said.

"The guidance provides exchanges which want it with practical advice on how to take their sustainability policies to the next level and will help them meet the international sustainability benchmarks," she added.

The WFE is a global trade association for exchanges and clearing houses. It represents 64 regulated exchanges across the world, and acts on behalf of 99 organizations including affiliate members and clearing houses. Endit