• Wednesday, Nov 21, 2018
  • Last Update : 04:21 pm

DSE becomes partner of the UN SSE initiative

  • Published at 05:46 pm June 25th, 2018
  • Last updated at 06:11 pm June 25th, 2018
web-sustaiable-stock-exchange-initiative-homepage-edited-25-06-2018-1529926947221.jpg
Screenshot of the homepage of United Nations Sustainable Stock Exchange Initiative

The Sustainable Stock Exchange (SSE) initiative is a United Nations (UN) initiative, working as a partnership between the UN, UN-supported organizations, stock exchanges, investors, companies, regulators and governments.

The Dhaka Stock Exchange Ltd (DSE) has signed a commitment letter with the United Nations Sustainable Stock Exchange (SSE) initiative, joining nearly 75% of boursers worldwide.

Both DSE and SSE are committed to share information and work with stakeholders to promote the sustainability and transparency of capital markets, according to a press release.

"We were delighted to join the UN SSE initiative on June 7," said KAM Majedur Rahman, managing director of DSE. "This collaboration with SSE initiative will offer us an opportunity to deliver internationally renowned Environmental, Social and Corporate Governance (ESG) reporting expertise in Bangladesh."

He said this venture will benefit all capital market shareholders in the country.

"As the leading exchange of Bangladesh with 95% share in the total market turnover, DSE is aware of corporate transparency and performance, with respect to the ESG issues of companies," said Majedur. 

DSE has been arranging joint workshops for listed companies to promote long-term sustainable investment, the managing director said. 

"In our first workshop held in May, we worked with 40 listed companies," said Majedur. 

"We observed keen interests among the participants for sustainability reporting and corporate transparency. We are pleased to note a good number of DSE listed companies have been reporting on sustainability."

Majedur further said that the collaboration of DSE with SSE initiative will strengthen its efforts to promote sustainable investment and reporting in the country.

The SSE initiative is a United Nations (UN) initiative, working as a partnership between the UN, UN-supported organizations, stock exchanges, investors, companies, regulators and governments.

The SSE aims to provide an effective platform for peer-to-peer dialogue among global exchanges.