The exchanges are all members of the recently launched Net Zero Financial Service Providers Alliance, part of the broader Glasgow Financial Alliance for Net Zero (GFANZ) that has been led by the UN Special Envoy on Climate Action and Finance, Mark Carney.
The UN SSE is proud to announce that six of its members have joined the Glasgow Finance Alliance for Net Zero:
◼ London Stock Exchange Group (LSEG)
◼ Singapore Exchange (SGX)
◼ Luxembourg Stock Exchange (LuxSE)
◼ Hong Kong Exchange (HKEX)
◼ Mexican Stock Exchange (BMV Mexico)
◼ Johannesburg Stock Exchange (JSE South Africa)
The exchanges are all members of the recently launched Net Zero Financial Service Providers Alliance, part of the broader Glasgow Financial Alliance for Net Zero (GFANZ) that has been led by the UN Special Envoy on Climate Action and Finance, Mark Carney. Two exchanges (LSEG and SGX) joined in September during the UN climate week in New York and four more exchanges (BMV Mexico, HKEX, JSE South Africa and LuxSE) announced their membership today during COP26.
The UN SSE plays a supporting role for the financial service providers alliance and will be working with exchanges around the world to help them with their net zero commitments. Mark Carney, UN Special Envoy on Climate Action and Finance said:“Accelerating the transition to net zero requires the commitment of all parts of the financial system. Stock exchanges are critical market infrastructure that are essential for investors to manage the risks and seize the opportunities in the climate transition.
The support of stock exchanges for climate related disclosures will help ensure capital is allocated in line with the goals of the Paris Agreement. That’s why I am delighted that four new exchanges from four continents have today joined the Glasgow Financial Alliance for Net Zero (GFANZ) through the UN’s Race to Zero. Hong Kong Exchange, Johannesburg Stock Exchange, the Mexican Stock Exchange and Luxembourg Exchange will join London Stock Exchange Group and Singapore Exchange in committing to align relevant products and services to net zero by 2050, and set interim 2025 targets as members of the Net Zero Financial Services Providers Alliance, supported by the efforts of the UN Sustainable Stock Exchanges initiative.
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