Guest Contributor | Jan 17, 2023 | 0
NSX joins UN focus on green economy
Nairobi – The stock exchanges of Namibia, Botswana and Tanzania announced their partnership with the United Nations Sustainable Stock Exchanges (SSE) initiative on Thursday at the SSE Executive Dialogue on Green Finance. The meeting was held in Nairobi, Kenya.
The CEO of the Namibian Stock Exchange (NSX) Tiaan Bazuin, participated in the dialogue where the role of stock exchanges in the transition to a green economy, was discussed.
“The Sustainable Stock Exchanges initiative was built on the observation that stock exchanges are willing and able to make a strong contribution to sustainable development,” UNCTAD Director of Investment and Enterprise James Zhan said at the opening of the dialogue, held within the UNCTAD World Investment Forum 2016.”We are very happy to see so many stock exchanges in Africa step forward to do their part to achieve the sustainable development goals.”
“Stock exchanges play a crucial role in driving the growing green economy that is vital to implementing the Paris Agreement and the 2030 Agenda for Sustainable Development. We welcome the commitments of the stock exchanges of Botswana, Namibia and Tanzania that are putting sustainability at the heart of their business strategy,” said Ligia Noronha, Director of UNEP’s Division of Technology, Industry and Economics.
The SSE’s fourteen partner exchanges in Africa cover 20 countries.
“Namibia has long championed the cause of environmental protection as it was the first country in the world to include such wording in its constitution,” said Bazuin told the meeting.
“The NSX also elaborated on it in the Namibian Corporate Governance Code (NamCode). Accordingly we are very proud to join this initiative and benchmark our policies to international best practices” he said.
“It is a historic moment for Botswana as we join the Sustainable Stock Exchanges initiative of the UN. This comes at an opportune time when the Botswana Stock Exchange is positioning itself as an international player within global markets, said the CEO, Thapelo Tsheole.
“Promoting sustainability through robust environmental, social and governance reporting in the capital markets landscape is fundamental to our strategic positioning as we look to attract ESG oriented investment mandates from across the globe. The BSE is pleased to be part of this global network, it is indeed a great learning and networking experience for us,” he added.
“We are delighted to be a partner in this noble cause as we encourage businesses and investors to be sensitive on matters that are necessary in this era and generations to come, such as sustainability of the current and future societies,’’ said Moremi Marwa, the CEO of the Dar es Salaam Stock Exchange in Tanzania.
With the addition of these three exchanges, there are now 14 stock exchanges in Africa which are members of the SSE.
The SSE is a peer-to-peer learning platform to explore how exchanges in collaboration with investors, regulators, and companies can encourage sustainable investment and enhance corporate transparency, and ultimately performance, on environmental, social and corporate governance issues.