World stock exchanges form sustainability working group
31 Mar 2014
The World Federation of Exchanges (WFE) has formed a 'Sustainability Working Group' which aims to build consensus on the purpose, practicality, and materiality of environmental, social and governance (ESG) information.
The new working group is comprised of representatives from many stock exchanges, including BM&FBOVESPA (Brazil), Bursa Malaysia, Deutsche Börse, Johannesburg Stock Exchange, NASDAQ OMX, and a number of others. Many of the participants have previously also joined the United Nation's Sustainable Stock Exchanges (SSE) initiative.
The ambit of the new working group will be to promote best practice in ESG disclosure and issues, which will include undertaking original research, promoting debate over ESG issues, and making recommendations to member exchanges.
The working new group will operate under recently approved Terms of Reference, and will receive strategic oversight from the WFE Working Committee, which will discuss its business and recommendations.
Click for press release (link to WFE website).
