Sustainable Stock Exchanges Initiative: Capital markets leaders explore sustainability at Rio+20 side-event

Thu Jun 14, 2012 6:17am EDT

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Geneva/London/New York, 14 June 2012 - Over 20 capital markets leaders from developed and emerging markets are due to convene ahead of the upcoming the United Nations Conference on Sustainable Development (Rio+20), in order to find ways to increase the sustainability of listed companies.

The leaders will meet as part of the Sustainable Stock Exchanges (SSE) Global Dialogue, taking place on 18 June at the Windsor Barra Hotel, Rio de Janeiro. The meeting comes ahead of Rio+20 which will gather global policy-makers in Rio de Janeiro, Brazil, between 20-22 June. Participants include the Chairperson of the Brazilian SEC, the Commissioner of the Securities and Futures Commission of Korea, CEOs and high-level representatives from BM&FBovespa, Egyptian Stock Exchange, Istanbul Stock Exchange, Johannesburg Stock Exchange, and NASDAQ OMX, along with major investors and asset managers from Aviva in the UK to the Public Investment Corporation of South Africa.

The Sustainable Stock Exchanges initiative is co-organized by four United Nations organizations: the UN Conference on Trade and Development, the UN Global Compact, the UN Environment Programme Finance Initiative, and the UN-backed Principles for Responsible Investment. Launched in 2009 by UN Secretary General Ban Ki-Moon, the SSE has become an international forum for regulators, exchanges and investors to deliberate on issues of sustainability.

The 2012 dialogue will focus on creating a roadmap for enhancing corporate transparency, and ultimately performance, on environmental, social and governance issues amongst companies listed on leading stock exchanges.

The meeting comes amid an increased political momentum on the move for achieving a consistent global approach on corporate sustainability reporting. Recent discussions have, and continue, to take place among governments on whether to include a clause on corporate sustainability reporting within the outcome document for Rio+20.

The push also comes from an Aviva led coalition of investors with assets under management of approximately USD $2 trillion. The coalition is calling all governments at Rio+20, to commit to develop a policy framework to further corporate sustainability disclosure amongst listed companies.

The dialogue follows in the footsteps of a recent report by the Sustainable Stock Exchange initiative in which it is revealed that the majority of exchange entities would welcome a global approach to consistent and material corporate sustainability reporting.  Based on a survey of 27 of the globe's largest exchanges, the 2012 Sustainable Stock Exchanges: A Report on Progress captures the headway made by exchange entities over the last years in promoting corporate sustainability.

Journalists wishing to attend the Sustainable Stock Exchanges 2012 Global Dialogue can request an invitation by writing to media@unglobalcompact.org

For more information, please contact:

Sustainable Stock Exchanges Initiative:
www.SSEinitiative.org, info@SSEinitiative.org

UNEP Finance Initiative (UNEP FI)
Sebastien Malo, Information Officer. Tel: +41 22 917 8465, Mobile: +41 78 686 7022, E-mail: sebastien.malo@unep.org

United Nations Conference on Trade and Development (UNCTAD):
Anthony Miller, Economic Affairs Officer, Division on Investment and Enterprise. Tel:  +41 22 917 5802, Email: Anthony.miller@unctad.org

Principles for Responsible Investment
Danielle Chesebrough, Manager of Investor Engagement, danielle.chesebrough@unpri.org

UN Global Compact
Gavin Power, Deputy Director, gavin.power@un.org




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Source: Sustainable Stock Exchanges Initiative via Thomson Reuters ONE

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