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DSE becomes partner of SSE

FE Report | Published: June 26, 2018 12:20:49 | Updated: June 27, 2018 11:31:10


Dhaka Stock Exchange (DSE) has become the partner of Sustainable Stock Exchanges Initiative (SSE), a platform organised by United Nations (UN), to promote sustainable investment in the country's stock market.

After signing a commitment letter on June 7 last, the country's premier bourse DSE became the exchange partner of the SSE.

The SSE initiative is a UN initiative, working as a partnership between the UN, UN-supported organisations, stock exchanges, investors, companies, regulators and governments.

Under the commitment signed with the SSE, the DSE will take initiative to encourage corporate governance in stock exchange and listed companies.

"The DSE is committed to take initiative for publications on companies' social and corporate governance," a statement said.

It said the DSE will also arrange dialogues among the exchange, investors, and the securities regulator, to foster sustainable investments.

It said stakeholders of the country's capital market will be benefited through the initiatives to be taken in line with the SSE's spirit.

The SSE initiative is co-convened by four organisations, the United Nations Conference on Trade and Development (UNCTAD), United Nations Environment Programme Finance Initiative (UNEP FI), United Nations Global Compact and UN-supported Principles for Responsible Investment (PRI).

The SSE having 75 exchange partners is an active platform to arrange dialogs among the stock exchanges across the world.

It also facilitates the coordination among the stock exchanges, stock market regulators, and companies as part of encouraging sustainable investments.

In May last, the GRI (Global Reporting Initiative), Netherlands, signed a memorandum of understanding (MoU) with the DSE to provide training to local stakeholders so that listed companies follow the standards of sustainability reporting.

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