Representatives of UNCTAD and the World Federation of Exchanges (WFE) met in Paris, France, to discuss expanded cooperation in the promotion of investment for sustainable development under the framework of the Sustainable Stock Exchanges Initiative (SSEI).
They discussed the development of a joint publication on the present and future role of stock exchanges in development finance, and the formation of a working group on promoting ESG issues.
5 September 2012: The UN Conference on Trade and Development (UNCTAD) and the World Federation of Exchanges (WFE) announced their intention to strengthen collaboration in the area of sustainable stock exchanges, including joint publications and a working group on ways to promote environmental and social governance (ESG) practices.
Representatives of the two organizations met at WFE headquarters in Paris, France, on 4 September 2012, to discuss ways to improve collaboration in promoting the Sustainable Stock Exchanges Initiative (SSEI).
SSEI is a joint project of UNCTAD, the UN Global Compact, the Principles for Responsible Investment, and the UN Environment Programme Finance Initiative (UNEP FI). The initiative brings together stock exchanges that voluntarily commit to promoting improved ESG practices.
UNCTAD and WFE discussed the development of a joint publication on the present and future role of stock exchanges in development finance, and the formation of a working group on promoting ESG issues via multi-stakeholder dialogue with stock exchanges, institutional investors and capital market regulators. [UNCTAD Press Release] [SSEI Website] [WFE Website]