Stock Exchanges Call for ESG Standardisation  

The World Federation of Exchanges (WFE) said inconsistent ESG data and a lack of standardised reporting frameworks are hindering progress sustainability as it released the results from its WFE Sustainability Survey 2022. The survey, involving 54 stock exchanges, found 11% reported having put in place net zero targets. Further, 58% of exchanges reported their carbon emissions, with 68% covering Scopes 1,2 and 3. With regards to gender diversity, the exchanges’ average female workforce has seen a slight increase of 1.2% since the previous year. Other statistics of note were 20% of exchanges having a dedicated listing segment for green, social or sustainability bonds, and 34% having a dedicated team overseeing the exchange’s sustainability initiatives. The survey also found that 26% of exchanges are incorporated in at least one sustainability/ESG index, a decrease from last year’s 33%. But 12 exchanges (23%) are actively working towards inclusion (compared with 19% in 2021). Nandini Sukumar, Chief Executive Officer of the WFE, said: “We will continue as an industry to champion ESG in financial markets as we make the crucial move towards a sustainable and inclusive global economy.”

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top