Bahrain Bourse Joins UN’s Sustainable Stock Exchanges Initiative

Sunday, February 24, 2019
Bahrain Bourse announced that is has officially joined the United Nations Sustainable Stock Exchanges (SSE) initiative to demonstrate its voluntary commitment to promoting sustainable and transparent capital markets in cooperation with listed companies and other related stakeholders.

On this occasion, Shaikh Khalifa Bin Ebrahim Al Khalifa the Chief Executive Officer of Bahrain Bourse said: “We are pleased to join the SSE Initiative. Our commitment as an exchange to UN’s SSE standards demonstrates an enhanced level of sustainability practices across listed companies on BHB which we hope will reflect positively on the investment environment in the Kingdom of Bahrain. Bahrain Bourse is fully committed to promote sustainability both internally and among our listed issuers. As a Partner Exchange, we look forward to our listed companies to adopt this global initiative.”

“Following our voluntary commitment to the SSE initiative, we aim to roll-out a series of strategic sustainability initiatives aimed at further enhancing transparency and disclosure of sustainability/ESG information across Bahrain Bourse and our listed companies.” Shaikh Khalifa added.

On his part, Anthony Miller, Coordinator of the UN SSE initiative said, “We welcome Bahrain Bourse’s commitment to promoting good ESG practices in their market and we look forward to assisting them in their ongoing sustainability journey.”

Bahrain Bourse joins 83 other exchanges globally whom have voluntarily expressed their commitment towards promoting the advancement of sustainability in capital markets activities. The SSE initiative focuses on sustainable disclosure of environmental, social and governance (ESG) factors which can impact a company’s ability to execute its business strategy and create value. A large and growing proportion of global asset managers are incorporating ESG considerations into their investment decision-making process.

The UN’s SSE initiative is a peer-to-peer learning platform that aims to engage & encourage exchanges in collaboration with investors, regulators, and listed companies to embed on sustainability factors in their corporate strategy which includes environmental factors, social factors, and corporate governance issues.