Exchanges Ring The Bell Globally to Mobilise for Climate
London, 28 November 2023 – The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, is mobilising the exchange industry for its inaugural Ring the Bell for Climate initiative. Over the next few weeks exchanges will come together to take steps to address climate change and sustainability issues.
As the world grapples with the climate crisis, exchanges sit at the core of the financial market, playing a vital role in creating the vehicles for capital to be deployed into sustainable development. Without the appropriate financing in place, the green transition cannot take place. Exchanges are taking pivotal steps to support the channelling of investments and financing into green initiatives, such as the agreement of the WFE Green Equity Principles, a global framework that individual exchanges can use to establish a ‘green’ offering for listed equities.
This initiative will see a global network of exchanges around the world demonstrate their support for this cause by ringing the bell for climate. Some exchanges are also holding virtual bell ringing ceremonies, workshops and events this week to highlight new plans and targets for their own businesses. The WFE is convening stakeholders at COP28 with Dubai Financial Market, at Nasdaq Dubai MarketSite, where we will discuss the way forward.
The WFE’s monthly Focus magazine for November is a Special Edition which shines highlights exchange industry climate initiatives.
Nandini Sukumar, CEO of the WFE: “By ringing the bell, exchanges acknowledge their central role in addressing the climate crisis and advancing sustainability efforts. As climate change continues to be a pressing global issue, the involvement of financial markets, and the exchanges at their heart, is crucial in driving the transition to a more sustainable and environmentally friendly economy. With our dedication to these efforts, we will be able to secure a brighter future and a more sustainable world for generations to come. Initiatives like Ring the Bell for Climate can serve as a catalyst for further collaboration and action within the financial industry to tackle climate challenges and contribute to a greener future.”
You can follow up on the latest articles, photos and videos from WFE members ringing the bell here.
The exchanges participating in the Ring the Bell for Climate 2023 initiative are:
Abu Dhabi Securities Exchange (ADX)
B3 - Brasil Bolsa Balcão
Baku Stock Exchange
Bolsa de Valores de Quito
Bolsa Latinoamericana de Valores (Latinex)
Bolsa Mexicana de Valores
Botswana Stock Exchange
Bourse Régionale des Valeurs Mobilières S.A.
Cboe Global Markets
Chittagong Stock Exchange PLC
Colombo Stock Exchange
The Egyptian Exchange
FMDQ Group PLC
Ghana Stock Exchange
Johannesburg Stock Exchange
Malta Stock Exchange plc
National Exchange of India Limited
Nairobi Securities Exchange
Nigerian Exchange Group
The Philippine Stock Exchange, Inc.
Qatar Stock Exchange
Singapore Exchange Limited
The Stock Exchange of Thailand
Taiwan Futures Exchange
Toronto Stock Exchange
For more information please contact:
+44 7391 204 007
About the World Federation of Exchanges (WFE):
Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups. Of our members, 34% are in Asia-Pacific, 45% in EMEA and 21% in the Americas. WFE’s 90 member CCPs and clearing services collectively ensure that risk takers post some $1.3 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. WFE exchanges, together with other exchanges feeding into our database, are home to over 50,000 listed companies, and the market capitalisation of these entities is over $100 trillion; around $140 trillion (EOB) in trading annually passes through WFE members (at end 2022).
The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back more than 40 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.
With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.