BSE Ltd. Joins The Sustainable Stock Exchanges Initiative
BSE Ltd. has been the first amongst global peers to join five other leading exchanges that have publicly committed to promoting sustainable investment practices. The other exchanges such as the Brazilian stock exchange BM& FBOVESPA, Egyptian Exchange (EGX), Istanbul Stock Exchange (ISE), Johannesburg Stock Exchange (JSE) and NASDAQ OMX made a commitment towards improving sustainability at the SSE, Sustainable Stock Exchanges 2012 global dialogue in Rio de Janeiro earlier this year.
BSE Ltd is credited with launching Asia’s first corporate sustainability index with the introduction of the BSE-GREENEX Index in 2008. The index measures the performances of companies in terms of carbon emissions.
Talking about the development, Mr. Ashishkumar Chauhan, Interim CEO BSE Ltd. said, “BSE Ltd is committed to working with investors, companies and regulators in playing a transformative role towards enhancing sustainability in Indian capital markets. We are hopeful that this initiative would help us in further introducing a culture of sustainable business practices amongst BSE’s listed companies.”
The SSE initiative was launched by UN Secretary-General Ban Ki-moon and UNCTAD Secretary-General Supachai Panitchpakdi in 2009 at UN Headquarters in New York City. The SSE aims at exploring how exchanges can work together with investors, regulators, and companies to enhance corporate transparency, and ultimately performance, on ESG (environmental, social and corporate governance) issues and encourage responsible long-term approaches to investment.