FOR IMMEDIATE RELEASE
Statement from Ceres President Mindy Lubber on Nasdaq Exchanges’ Announcement to Produce Sustainability Reporting Guidance for Listed Companies
“After several years of Ceres and our investor members working with individual exchanges and the World Federation of Exchanges (WFE) on sustainability reporting standards, we welcome today’s commitment by seven Nasdaq stock exchanges in Europe to create sustainability reporting guidance for their listed companies in 2016. These commitments are timely and sensible given growing concerns about climate change and other sustainability threats and louder calls from global investors for stronger corporate reporting on these issues. More than ever, investors need robust and consistent reporting on environmental, social and governance (ESG) issues across all global markets.
This commitment adds to the impressive work Nasdaq OMX has done the past few years to accelerate ESG reporting standards—both through its engagements with investors in Ceres’ Investor Network on Climate Risk (INCR), and through its leadership on the World Federation of Exchanges’ Sustainability Working Group. We hope and expect that Nasdaq US will join its sister exchanges in committing to produce ESG guidance in the coming months, and investors will be there to support them when they do so.”
Ceres is a nonprofit organization mobilizing business and investor leadership on climate change, water scarcity and other sustainability challenges. Ceres directs the Investor Network on Climate Risk (INCR), a network of 121 institutional investors with collective assets totaling more than $13 trillion. Ceres also directs Business for Innovative Climate & Energy Policy (BICEP), an advocacy coalition of dozens of companies committed to working with policymakers to pass meaningful energy and climate legislation. For more information, visit www.ceres.org or follow on Twitter @CeresNews.