FOR IMMEDIATE RELEASE
Comment Period Extended to May 30 on Proposed Sustainability Listing Standard for Global Stock Exchanges
Due to strong investor interest and numerous requests for additional time, the comment period has been extended for the INCR Listing Standards Drafting Committee Consultation Paper: Proposed Sustainability Disclosure Listing Standard for Global Stock Exchanges. Investors now have until May 30 to review the paper and comment on its recommendations for integrating environmental, social and governance (ESG) disclosure requirements into listing rules for U.S. and global stock exchanges.
After a series of investor forums in May to incorporate key feedback, a final document will be submitted first to stock exchanges for review and subsequently for consideration at the World Federation of Exchanges annual meeting in October.
The Consultation Paper, developed by nearly a dozen members of the Ceres-led Investor Network on Climate Risk (INCR), calls for the following disclosures by companies as part of a sustainability listing standard: an ESG materiality assessment process; a sustainability table of disclosures that would map the locations of ESG content in public documents; and ESG reporting on eight key issue areas.
To view the Consultation Paper, the supporting Appendices and comments received, visit: http://www.ceres.org/investor-network/incr/sustainable-stock-exchanges.
About Ceres and INCR
Ceres is a nonprofit organization mobilizing business and investor leadership on sustainability challenges such as global climate change. Ceres directs the Investor Network on Climate Risk (INCR), a network of over 100 institutional investors with collective assets totaling more than $11 trillion.