LONDON, 2 June 2014 – The London Stock Exchange (LSE) Group today announced that it will partner with the United Nations Sustainable Stock Exchanges (SSE) initiative, joining nine other exchanges in the US, Europe, Africa and Asia to promote sustainable business practices among publicly listed companies worldwide.
In a letter to UN Secretary General Ban Ki-moon, the LSE Group committed to working with investors, companies and regulators to promote long term sustainable investment and improved environmental, social and corporate governance (ESG) disclosure and performance among companies listed on its exchanges.
“London Stock Exchange Group’s approach to corporate responsibility is founded on four pillars that are closely tied with how we operate as a business: our markets, our services, our people, and our community,” said Mark Makepeace, Group Director of Information Services, LSE Group. “Given our role at the heart of global financial markets, we are in a unique and privileged position to promote sustainability and corporate responsibility. Ultimately this is about supporting stable global long-term economic growth. We are therefore delighted to join the UN SSE initiative as a Partner Exchange and look forward to collaborating on important sustainability themes with the UN and peer exchanges around the world.”
The announcement was made as UN officials participated in the market opening at the LSE today, where they welcomed LSE Group to the SSE. “By joining the United Nations Sustainable Stock Exchanges initiative today, the London Stock Exchange commits to a renewed effort to engage in dialogue with key capital market stakeholders to raise the level of best practice,” said UNCTAD Secretary-General Mukhisa Kituyi. “Together, we can promote markets where market signals and sustainability priorities are in alignment, not conflict. This is part of our vision for a sustainable future. This will be a key element for promoting much-needed investment in sustainable development.”
More information can be found here.