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Indian stock exchange joins sustainability initiative

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25 Oct 2012

BSE Ltd (formerly known as the Bombay Stock Exchange Ltd) has joined five other stock exchanges that have publicly committed to promoting sustainable investment practices under the Sustainable Stock Exchanges (SSE) initiative.

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.

The BSE intends working with investors, companies and regulators in playing a transformational role towards enhancing sustainability in Indian capital markets, and to further introduce a culture of sustainable business practices amongst BSE’s listed companies.

The other exchanges which have already committed to the initiative are the Brazilian stock exchange BM& FBOVESPA, Egyptian Exchange (EGX), Istanbul Stock Exchange (ISE), Johannesburg Stock Exchange (JSE) and NASDAQ OMX.  These exchanges publicly announced their commitment towards improving sustainability at the Rio+20 Summit earlier in 2012.

Click for press release (link to BSE website).

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