United Nations Conference on Trade and Development (UNCTAD) 45 - - PowerPoint PPT Presentation

• Dr. Anthony Miller

Co-coordinator, Sustainable Stock Exchanges Initiative Investment & Enterprise Division United Nations Conference on Trade and Development (UNCTAD)

4 Global Conferences with

more than 300 policy makers, stock exchange CEOs and investors USA (2009); China (2010); Brazil (2012); Geneva (2014)

45 Partner Exchanges

Listing over 22,500 companies

US $40+ trillion in market capitalization

Named by Forbes magazine as one of the “World’s Best

Sustainability Ideas”

in 2011

3 SSE Reports on Progress 60 Fact Sheets on exchange ESG practices 1 Model Guidance 4 organizations

UNCTAD, Global Compact, UNEP-FI & PRI Working as 1 UN

“I call on stock exchanges around the world to join this effort”.

Ban Ki-moon, UN Secretary-General

www.SSEinitiative.org

A partnership between the UN, stock exchanges, investors, companies, regulators

and governments

UNCTAD, UN Global Compact, UNEP FI and PRI are the organizers of the SSE

initiative and manage its secretariat

Facilitate a peer-to-peer dialogue among stock exchanges to explore how they can

work together with investors, regulators, and companies, to enhance corporate transparency, and ultimately performance, on ESG issues and encourage sustainable approaches to investment

The Initiative Secretariat

SSE initiative: a partnership to facilitate action

Objective

Why stock exchanges?

The multiplier effect: taking CSR to scale.

Globally Exchanges List over 46,000 companies

Over 45 SSE Partner Exchanges

Core Commitment: Promoting corporate sustainability in their markets.

▪ A peer-to-peer learning platform to share best practices and promote sustainable business ▪ A multi-stakeholder forum for exchanges, regulators, policymakers, investors and companies ▪ Partners with other multilateral organisations to promote capital markets for sustainable development (e.g. IOSCO, WFE)

Conducting research on current stock exchange and regulatory initiatives Providing a database on sustainability policies and actions being taken by stock exchanges and regulators Offering a library of publications on sustainability measures and reporting practices Providing guidance and training on best practices for policy makers and stock exchanges Assisting stock exchanges with the development of sustainability indices and other practical initiatives Creating workshops to increase sustainability awareness and educate sustainability practices

Research Capacity building

SSE initiative: What it does

Consensus building

Consensus Building: Global Dialogues

2014 SSE Global Dialogue

Regulators and Policy makers alongside CEO’s of stock exchanges and institutional investors

Consensus Building: Regional Dialogues

Consensus Building: Consultative Group

PRI Investor Working Group UN Global Compact Corporate Working Group

• Founded in 2009
• Represents US$6.8 trillion AUM
• Led by Aviva Investors
• Contributes expertise to the SSE
• Advocates for enhanced sustainability

reporting

• Founded in 2014
• Represents the voice of companies
• Contributes expertise to the SSE

A peer-to-peer learning platform for stock exchanges to share best practices and promote sustainable business A neutral multi-stakeholder forum for stock exchanges, regulators, policymakers, investors and companies Partners with other multilateral organisations to promote capital markets for sustainable development

▪ Conducting research on stock exchange and regulatory initiatives ▪ Providing a database on sustainability policies and actions being taken by stock exchanges and regulators ▪ Fact sheets on 60 stock exchanges around the world ▪ Offering a library of publications on sustainability measures and reporting practices

Providing guidance and training on best practices for policy makers and stock exchanges Assisting stock exchanges with the development of sustainability indices and other practical initiatives Creating workshops to increase sustainability awareness and educate sustainability practices

Consensus building Research Capacity building

SSE initiative: What it does

Research: Report on Progress

DOWNLOAD A COPY: www.SSEinitiative.org

Research: SSE Fact Sheets

• Argentina – Bolsa de Comercio de

Buenos Aires

• Australia – Australian Securities

Exchange

• Austria - Wiener Börse AG
• Bermuda – Bermuda Stock

Exchange

• Brazil – BM&FBOVESPA S.A.
• Canada – TMX Group Inc.
• Chile – Bolsa de Comercio de

Santiago

• China – Shanghai Stock Exchange
• China – Shenzhen Stock Exchange
• Colombia – Bolsa de Valores de

Colombia

• Cyprus – Cyprus Stock Exchange
• Egypt – Egyptian Exchange
• Eurozone – Euronext
• Germany – Deutsche Börse AG
• Greece – Athens Exchange Group
• Hong Kong – Hong Kong

Exchanges

• India – BSE India Ltd.
• India – National Stock Exchange of

India Indonesia – Indonesia Stock Exchange Ireland - Irish Stock Exchange Israel- Tel-Aviv Stock Exchange Jamaica – Jamaica Stock Exchange Japan – Japan Exchange Group, Inc. Jordan – Amman Stock Exchange Kazakhstan – Kazakhstan Stock Exchange Kenya – Nairobi Securities Exchange Korea (Republic of) - Korea Exchange Luxembourg – Bourse de Luxembourg Malaysia – Bursa Malaysia Malta – Malta Stock Exchange Mauritius – Stock Exchange of Mauritius Mexico – Bolsa Mexicana de Valores Morocco – Bourse de Casablanca New Zealand – NZX Limited Nigeria – Nigerian Stock Exchange Norway – Oslo Børs Oman – Muscat Securities Market Peru – Bolsa de Valores de Lima Philippines – Philippine Stock Exchange Poland – Warsaw Stock Exchange Qatar – Qatar Exchange Romania – Bucharest Stock Exchange Russian Federation – Moscow Exchange Saudi Arabia – Tadawul Singapore – Singapore Exchange South Africa – Johannesburg Stock Exchange Spain – Bolsas y Mercados Españoles Sri Lanka – Colombo Stock Exchange Switzerland – SIX Swiss Exchange Thailand – Stock Exchange of Thailand Turkey – Borsa Istanbul United Arab Emirates – Abu Dhabi Securities Exchange United Arab Emirates - Dubai Financial Market United Kingdom – London Stock Exchange USA (HQ) – Nasdaq USA – NYSE Vietnam – HoChiMinh Stock Exchange

Research: Executive briefing notes

Analysis of 17 SDGs and 169 targets

A peer-to-peer learning platform for stock exchanges to share best practices and promote sustainable business A neutral multi-stakeholder forum for stock exchanges, regulators, policymakers, investors and companies Partners with other multilateral organisations to promote capital markets for sustainable development Conducting research on current stock exchange and regulatory initiatives Providing a database on sustainability policies and actions being taken by stock exchanges and regulators Offering a library of publications on sustainability measures and reporting practices

▪ Guidance and training on best practices for policy makers and stock exchanges ▪ Assisting stock exchanges with their communication to stakeholders ▪ Workshops to develop sustainability indices, reporting guidance, new ESG products

Consensus building Research Capacity building

SSE initiative: What it does

Capacity Building: Best Practices and Policy Options

• Recognizes there is no “one-size-fits-all”

solution

• Provides a roadmap for policy makers

and exchanges to discover what works best for them

• Serves as a voluntary technical tool to be

used to understand the sustainability context, and to share best practices in the area.

• Available in: English, French, Arabic,

Spanish, Russian, and Chinese

Guidance Documents free download: www.sseinitiative.org/publications

Closing the Guidance Gap:

Less than 1/3 of exchanges offer a Guidance to issuers on ESG reporting.

Capacity Building: Model Guidance on ESG Reporting ESG

• An application-oriented, voluntary technical tool
• Developed in partnership with stock exchanges to ensure

that it is appropriate to fit stock exchange needs

• A starting point; exchanges are encouraged to adapt the

Model Guidance

• Not a substitute for detailed guidance; a complement to

existing guidance on specific indicators (e.g. GRI)

www.sseinitiative.org/publications

Capacity Building: Helping Exchanges Communicate to Stakeholders

Acting as pioneers of capital markets, exchanges have the mission of enhancing awareness on ESG issues in the market. The Communication to Stakeholders is no doubt an important milestone for promoting sustainability among the market participants. Borsa İstanbul

Capacity Building: Technical Workshops

"The SSE is only as strong as its member stock exchanges. We hope to organize more events with our Partner Exchanges that draw on the experience of multiple stakeholders in order to enhance corporate sustainability and promote responsible investment.” -- James Zhan, Director of UNCTAD’s Division on Investment

and Enterprise

Working with exchanges to develop:

• sustainability indices
• new reporting guidelines
• ther sustainability initiatives or

products

www.SSEinitiative.org