The Ghana Stock Exchange (“GSE”) has been admitted as a new member of the Sustainable Stock Exchanges initiative (“SSE”) of the United Nations (“UN”).The GSE joins a network of now 116 stock exchanges and 13 derivatives exchanges around the world that are committed to promoting sustainable development.
The SSE initiative is a UN Partnership Programme with the mission to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers, and relevant international organizations, can enhance performance on ESG issues and encourage sustainable investment, including the financing of the UN SDGs. The SSE works with exchanges through technical assistance, consensus building, and research to contribute to the achievement of the United Nations Sustainable Development Goals (“SDGs”) and to stimulate investment for a sustainable future.
On their part, exchanges around the world partner with the SSE to work towards a common objective of fostering financial markets that support the growth of sustainable and responsible business practices. The GSE believes that joining the UN Sustainable Social Exchange initiative is in line with a global trend towards sustainability-themed products by most exchanges across the world to support Environmental, Social, and Governance (“ESG”) initiatives and reinforces the GSE’s commitment to ESG following the recent approval of a green bond and sustainability-themed product rules in the Ghanaian capital market.