The key findings of the WFE survey include:
- Exchanges continue to develop sustainability efforts through the WFE Sustainability Principles. Among the exchanges participating in the survey, 41% had initiatives that correspond to all five Sustainability Principles.
- Almost 90% of the exchanges saw investor demand for ESG disclosure, of which 29% believed demand to be extensive. Most exchanges do not require assurance on ESG disclosure, but the number of exchanges planning this requirement in the future almost doubled.
- There is still no convergence on ESG standards and formats adopted by the exchanges industry. Some WFE members raised the global divergence on ESG standards and practices as a new concern in their sustainability efforts.
- Green bonds were the most commonly offered ESG products. The survey also showed a small increase in offerings across all sustainability product categories, demonstrating a gradual expansion of ESG products across exchanges.
Nandini Sukumar, Chief Executive Officer, the WFE, said:
The exchange industry leadership of sustainability continues to evolve. As the world seeks to rebuild a better, more inclusive society amid a global pandemic that has challenged many widely-accepted practices, exchanges are leading by example and are determined to be part of that solution.
The Sustainability Survey covered responses referring to 2019 and featured 61 exchanges, of which 56 WFE members.
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