A growing number of stock exchanges around the world are recommending sustainability reporting. A number of diverse groups support sustainability reporting including the Rio+20 (negotiating text) and the U.N. (secretary general’s High Level Panel on Global Sustainability).
The Brazilian stock exchange (BM&FBOVESPA), also recommends that its listed companies either publish sustainability reports or explain why they do not. The initiative is intended to create a public database of reporting which was made available at Rio+20. BM&FBOVESPA says it was the second exchange in the world and the first in the Americas to use the GRI sustainability reporting model in its own annual report, starting in 2010.
Sustainability reporting is already a requirement for listing in the stock exchanges of South Africa, France and Denmark, and for state-owned enterprises in Sweden. The European Union is also considering the introduction of mandatory sustainability reporting for all member states.
In addition to recommending sustainability reporting, stock exchanges themselves are working towards reducing their environmental impacts. The NYSE Euronext announced it had become first carbon-neutral global exchange operator. The exchange’s recent environmental initiatives have included installing super-insulating SeriousGlass in the New York Stock Exchange building. NYSE also recently launched three regionally-focused clean energy stock indices together with Bloomberg New Energy Finance.
© 2012, Richard Matthews. All rights reserved.
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