Exchanges Ring the Bell in support of Climate initiatives and Sustainability

 

PRESS RELEASE

Exchanges Ring the Bell in support of Climate initiatives and Sustainability

London, 5 November 2024 – The World Federation of Exchanges (The WFE), the global industry group for exchanges and CCPs, is mobilising the exchange industry for its annual Ring the Bell for Climate initiative. In the run up to COP29, exchanges will come together to highlight the importance of sustainability issues in the finance industry and demonstrate the role they are playing to address them.

During the campaign a global network of exchanges will show their support for this cause by ringing the bell for climate. Some exchanges are also holding workshops, seminars and events this month to highlight their offerings to customers as well as their internal initiatives that advance sustainability efforts. 

Our members play a vital role in ensuring the necessary financing is available for the transition. This year we have seen the launch of the further Green Equity products that adhere to the WFE Green Equity Principles, a global framework that individual exchanges can use to establish a ‘green’ offering for listed equities. We have also furthered our work on nature reporting, looking at how exchanges can encourage issuers to include nature in their reporting; and transition planning, looking at exchanges’ own transition plans and how they can support issuers with theirs.

This year we also convened the industry for our first Sustainability event to discuss some of the key workstreams we are focused on, and to continue to promote the enhanced availability of investor-relevant, decision-useful ESG information. 

The materials shared during the Ring the Bell for Climate campaign provides an insight on how our members are establishing markets and products that support the scaling-up of sustainable finance and reorientation of financial flows. The WFE’s monthly Focus magazine for November is a Special Edition which shines a light on the exchange industry’s work in this area.

Nandini Sukumar, CEO of the WFE, commented, “Exchanges sit at the heart of the financial market, and are crucial in driving and directing capital towards environmental initiatives. The wide array of new products, internal initiatives, and cross-border partnerships introduced by our members this year underscores how exchanges are leading the finance industry in tackling the climate crisis and fostering collaboration to address the particular needs of investors, businesses and governments. Over the next few weeks bells will ring all over the world as exchanges reaffirm their commitment to this issue as they contribute to a more sustainable world.”

You can follow up on the latest articles, photos and videos from WFE members ringing the bell here.

The exchanges participating in the Ring the Bell for Climate 2024 campaign are:

Abu Dhabi Securities Exchange (ADX)

Amman Stock Exchange

B3 - Brasil Bolsa Balcão

Baku Stock Exchange

BEE4

Belgrade Stock Exchange

BIVA

Bolsa Latinoamericana de Valores (Latinex)

Bolsa Mexicana de Valores

Borsa Istanbul

Boursa Kuwait

Bursa Malaysia

FMDQ Group PLC

Ghana Stock Exchange

Indonesia Stock Exchange

Kazakhstan Stock Exchange

Malta Stock Exchange plc

MIAX

Muscat Stock Exchange

National Stock Exchange of India

NZX Limited

Palestine Exchange

Qatar Stock Exchange

Saudi Tadawul Group

Singapore Exchange Limited

Somali Stock Exchange

Stock Exchange of Thailand

Taipei Exchange

Taiwan Stock Exchange

The Egyptian Exchange

The Philippine Stock Exchange, Inc.

TMX Group

For more information, please contact:

Cally Billimore +44 7391 204 007

Communications Manager [email protected]

About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents the providers of over 250 pieces of market infrastructure, including standalone CCPs that are not part of exchange groups. Of our members, 36% are in Asia Pacific, 43% in EMEA and 21% in the Americas. The WFE’s 87 member CCPs and clearing services collectively ensure that risk takers post some $1.3 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. The exchanges covered by WFE data are home to over 55,000 listed companies, and the market capitalization of these entities is over $111tr; around $124tr in trading annually passes through WFE members (at end-2023).

The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back more than 40 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.

Website: www.world-exchanges.org

Twitter: @TheWFE

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