Baltic bourses join campaign for ESG disclosure

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The operator of the stock exchanges in the Baltic and Nordic countries has joined a global campaign calling on companies to provide more information about the impact they make away from the purely business sphere. 

Nasdaq on Tuesday announced that its Nordic and Baltic exchanges in Stockholm, Helsinki, Copenhagen, Reykjavik, Tallinn, Riga and Vilnius have committed to produce a guidance on environmental, social and governance (ESG) disclosure for listed companies by the end of 2016.

As a result Nasdaq Nordic joins the United Nations Sustainable Stock Exchanges (SSE) initiative’s “Campaign to Close the ESG Guidance Gap”. 

Nasdaq was one of the SSE’s founding partner exchanges in 2012, and the seven Nasdaq Nordic and Baltic exchanges joined the United Nations Sustainable Stock Exchanges (SSE) initiative in November 2015.

"The commitment today by the local, Nordic and Baltic exchanges marks an important step in Nasdaq’s continuous efforts to develop and promote sustainability guidelines," the company said in a statement.

"This effort will also reinforce Nasdaq's mission to provide fair, transparent, and efficient markets for all stakeholders."
Full details of the United Nations SSE campaign can be found on the SSE website HERE.

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