19 September 2020 02:48 PM

EGX wins award for commitment to sustainable development

Wednesday، 24 October 2018 - 01:04 PM
EGX wins award for commitment to sustainable development

The founding five partner exchanges of the Sustainable Stock Exchanges (SSE) initiative; the Egyptian Exchange (EGX), Johannesburg Stock Exchange, Borsa Istanbul and Nasdaq, have received the first-ever SSE Ground-Breaker Award for their commitment to sustainable development.

The move was taken at a meeting during the World Investment Forum in Geneva, Switzerland.

The award acknowledges innovative or ground-breaking efforts by a stock exchange contributing to the attainment of the Sustainable Development Goals (SDGs).

“Back in 2012, in Rio de Janeiro, Brazil, these five exchanges took a courageous step forward to commit publicly to the United Nations that they would actively promote sustainable finance in their markets,” the United Nations Conference on Trade and Development's director of investment and enterprise James Zhan said.

The SSE Awards were presented during the initiative’s flagship Global Dialogue meeting, which included chief executives of 18 stock exchanges, chief capital market regulators, senior UN officials and civil society.

Secretary General of the International Organization of Securities Commissions Paul Andrews said, “We are seeing a substantial increase in the number of sustainability-focused financial instruments, green bonds, social impact bonds, sustainability funds, energy investment funds.”


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