Media Release

Media Release

BSE Ltd. joins the Sustainable Stock Exchanges Initiative

Mumbai, October 19, 2012: BSE Ltd. has been the first amongst global peers to join five other leading exchanges that have publicly committed to promoting sustainable investment practices. The other exchanges such as the Brazilian stock exchange BM& FBOVESPA, Egyptian Exchange (EGX), Istanbul Stock Exchange (ISE), Johannesburg Stock Exchange (JSE) and NASDAQ OMX made a commitment towards improving sustainability at the SSE, Sustainable Stock Exchanges 2012 global dialogue in Rio de Janeiro earlier this year.

 

BSE Ltd is credited with launching Asia’s first corporate sustainability index with the introduction of the BSE-GREENEX Index in 2012. The index measures the performances of companies in terms of carbon emissions.

 

Talking about the development, Mr. Ashishkumar Chauhan, Interim CEO BSE Ltd. said, “BSE Ltd is committed to working with investors, companies and regulators in playing a transformative role towards enhancing sustainability in Indian capital markets. We are hopeful that this initiative would help us in further introducing a culture of sustainable business practices amongst BSE’s listed companies.”

 

The SSE initiative was launched by UN Secretary-General Ban Ki-moon and UNCTAD Secretary-General Supachai Panitchpakdi in 2009 at UN Headquarters in New York City. The SSE aims at exploring how exchanges can work together with investors, regulators, and companies to enhance corporate transparency, and ultimately performance, on ESG (environmental, social and corporate governance) issues and encourage responsible long-term approaches to investment.

 

About BSE:

BSE (formerly Bombay Stock Exchange Ltd.) –


Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). BSE also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. It operates one of the most respected capital market educational institutes in the country (the BSE Institute Ltd.). BSE also provides depository services through its Central Depository Services Ltd. (CDSL) arm.

 

Ketan P. Mehta - 98209 42920
Marketing Communications
corp.comm@bseindia.com