MCX-SX joins UN's Sustainable Stock Exchanges initiative

Last Updated: Fri, Nov 30, 2012 03:22 hrs

MCX Stock Exchange (MCX-SX) has signed the voluntary commitment to the United Nation's Sustainable Stock Exchanges (SSE) initiative to promote long-term sustainable investment and improved environmental, social and corporate governance disclosure and performance among companies listed on its exchange.

Apart from MCX-SX, the UN SSE initiative has seen commitment from a global league of six other exchanges including NASDAQ OMX, the Brazilian stock exchange BM & FBOVESPA, Johannesburg Stock Exchange (JSE), Bombay Stock Exchange (BSE), Egyptian Exchange (EGX), and Istanbul Stock Exchange (ISE).

"We are committed to market-based approaches to sustainable development. We intend to achieve inclusive and enhanced market access through knowledge and empowerment. Our commitment to the SSE initiative will enhance sustainability reporting standards in India," said Joseph Massey, MD & CEO of MCX-SX.

Earlier, has extensively campaigned for listing of exchanges in India, for greater transparency and corporate governance.

MCX-SX is also a founder member of Responsible Investment Research Association (RIRA), a not-for-profit initiative focused on integration of Environment, Social and Governance (ESG) factors into mainstream financial markets in India. This soon-to-be-launched investor forum will be actively contributing in the areas of policy, research and training.

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