The Warsaw Stock Exchange (WSE) and the United Nations Global Compact Network Poland (GCNP) have signed a memorandum of understanding to support tools for financing sustainable development, the exchange said.
The ‘memorandum of understanding’ is another element of the broad cooperation between the WSE and UN GCNP. The cooperation concerns, among others, promotion of the best practices in the field of non-financial reporting, and encouraging investors and issuers to support the achievement of sustainable development goals.
Climate change is increasingly identified as risk related to the functioning of financial markets include which requires action to redirect capital towards a green, environmentally sustainable economy accoding to the parties.
For many years, the WSE has been implementing a sustainable development policy, under which it conducts educational programs, promotes the highest standards of corporate and communication governance, and conducts dialogue with capital and commodity market participants.
The WSE is also a member of the Sustainable Stock Exchanges initiatives, which currently associates 98 stock exchanges from around the world. As part of its committment to ESG WSE also introduced WIG-ESG index and publishes the code “Best Practices of WSE Listed Companies” or anti-corruption standards.
Cover picture: unsplash / Jason Briscoe