Exchanges to Support Investor Need for Climate Disclosures: UN SSE

The United Nations Sustainable Stock Exchange is looking to publish climate-related reporting guidelines next year.

The United Nations Sustainable Stock Exchange (SSE) is looking to adopt an ESG disclosure framework that aligns to climate-related disclosures proposed by the Task Force on Climate-related Financial Disclosure (TCFD). The UN SSE will publish its plan in June 2021which will be formulated according to ongoing consultations.  

Panellists at the Sustainable Stock Exchanges: Climate-related Financial Disclosures session held as part of London Climate Action Week discussed the role of stock exchanges in better promoting TCFD-aligned reporting processes based on consistent, science-based ESG data from issuers.  

In summer 2020, London Stock Exchange Group CEO David Schwimmer and ex-Bank of England (BoE) Governor Mark Carney approached the UN SSE as part of a wide outreach to exchanges around the world, calling for globally standardised climate disclosure guidelines.  

The UN SSE is now working on frameworks to promote … [continues

Read the full article on Regulation Asia’s sister publication, ESG Investor.

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