Colombo Stock Exchange to transform into a sustainable stock exchange

CSE

CSE Chairman joins other capital market leaders and senior UN officials for the NYSE Closing Bell on September 24, 2015 to mark the launch of the new United Nations Sustainable Development Goals

Sep 28, 2015 (LBO) – The Colombo Stock Exchange is to be transformed into a sustainable stock exchange while enhancing corporate transparency on Environmental, Social, and corporate Governance (ESG) issues.

CSE recently joined the United Nations Sustainable Stock Exchanges initiative, launched by UN Secretary General Ban Ki-moon in 2009.

It aims to explore how exchanges can work together with investors, regulators and companies to promote sustainability initiatives.

“CSE wishes to publicly demonstrate its commitment to sustainability, while promoting better business practices within the Sri Lankan Capital Market,” CEO of the CSE, Rajeeva Bandaranaike said.

‘CSE also encourages listed companies to measure and publicly report their ESG performance and impacts.” He further added.

Commenting at the event Sutheash Balasubramaniam of the UN Global Compact Network Sri Lanka said the partnership will enhance the global positioning of CSE while creating a platform for the Sri Lankan capital market to be abreast with international trends.