Sustainability in a general sense can be seen as meeting the needs of the present without compromising the ability of future generations to meet their own needs. Environmentalists have long warned that our current patterns of economic growth and resource consumption, so severely threaten the earth's carrying capacity that ecological collapse is likely, if not inevitable.
BSE being a responsible stock exchange is taking various initiatives in the domain of sustainability and corporate social responsibility. BSE has launched theme based indices like S&P BSE Carbonex and S&P BSE Greenex. BSE is also participating in the sustainable stock exchanges initiative. BSE has signed Memorandum of Understanding with Ministry of Corporate Affairs to launch corporate social responsibility index.
- Sustainable Stock Exchanges (SSE)
The United Nations had been playing a catalyzing role through a series of Global Dialogues - held in New York (2009), Xiamen (2010) and Rio de Janeiro (2012) - the initiative had become a platform for exploring how exchanges can work with investors, regulators and companies to enhance corporate sustainability and promote responsible investment.
The Exchange's pro-active work had been noticed by UNCTAD. UNCTAD has approached BSE to get on board of SSE by signing the commitment letter to promote long term sustainable investment and improved environmental, social and corporate governance disclosure
BSE is the first stock exchange from Asia to join Sustainable Stock Exchange Initiative.
"We are hopeful that this initiative would help us in further introducing a culture of sustainable business practices amongst BSE's listed companies" BSE's MD & CEO Ashishkumar Chauhan.