03/24/2021 12:13Zagreb Stock Exchange (ZSE) announced that it has joined the United Nations Sustainable Stock Exchanges (SSE) initiative to promote sustainability and transparency in capital markets.
ZSE will engage in peer-to-peer dialogue to explore how exchanges can work together with investors, regulators, and companies, to encourage sustainable investment, while also enhancing corporate transparency and performance in respect to environmental, social and corporate governance issues, in line with the SEE initiative goals.
Launched in 2009 by the UN Secretary General Ban Ki-moon in New York in 2009, the SSE aims to include representatives of all capital market stakeholders in its workstreams and engages with a broad network of the global financial services industry on a regular basis. The creation of SSE has provided stock exchanges with an opportunity to play an important leadership role in promoting sustainable business practices.
Together with the Croatian capital market regulator, CFSSA, ZSE has recently launched a new Corporate Governance Code, which stipulates that companies should agree and adopt policies on environmental, social, and corporate governance issues.
Commenting on the development, Ivana Gazic, President of the ZSE’s Management Board, stated: "ZSE is committed to embracing progressive change that inclines to making global markets sustainable, and to bolster the Croatian market by adopting sustainability practices. Investors are keener on sustainable development more than ever and we are proud to join our international peers in the SSE initiative to connect stakeholders, including ZSE-listed companies and the investment community, with environmental, social and governance disclosure guidelines and valuable ongoing insights. The Ljubljana Stock Exchange, owned by the Zagreb Stock Exchange, is already a member of this initiative and we are pleased to be able to show our commitment to ESG goals as a group as well."
The ZSE joins a network of now more than 100 stock exchanges around the world that are committed to promoting sustainable development.
For more information on the SSE, please visit www.sseinitiative.org