The world’s largest stock exchange has historically started down the path of sustainability. Joining the United Nations’ Sustainable Stock Exchanges (SSE) initiative to explore how exchanges can encourage responsible programs to obtain a level of accountability and sustainability.
“Today with the UN Global Compact – you’ve got thousands of companies that have signed up to that and pledged to public commitment. The same with the Principles for Responsible Investment where you also have thousands of investors signed up to make a public commitment on sustainability issues.” – Anthony Miller SSE
The NYSE is the world’s largest stock market with upwards of $16 trillion of investments. It now joins the likes of the NASDAQ, Johannesburg Stock Exchange, the Istanbul Stock Exchange and the Egyptian Exchange. The SSE programs encourages transparency related to environmental, social and corporate impacts.
Milestones include 2012 NYSE Euronext achieved carbon-neutral status for the third year in a row.
Has the NYSE bridged the gap from corporate business model to an environmental key player? We think so-and-so should you. It is about time for larger companies to see a true business model that is conscious not only on the environmental issues but the social impacts as well.
“Stock exchanges are uniquely positioned at the intersection between investors, companies, and regulators. As such, they can play a key role in promoting responsible investment and sustainable development.” - James Zhan Director of UNCTAD’s Division on investment