In March 2015, Bucharest Stock Exchange (BVB) became a partner exchange to the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative. SSE initiative was launched by the United Nations Secretary-General Ban Ki-moon in 2009. It is a peer-to-peer learning platform for exploring how exchanges, in collaboration with investors, regulators, and companies, can enhance corporate transparency – and ultimately performance – on environmental, social and corporate governance issues and encourage sustainable investment. The initiative is co-convened by the UN-supported Principles for Responsible Investment, the United Nations Conference on Trade and Development, the United Nations Environment Programme Finance Initiative and the UN Global Compact.
BVB was the 19th member to join the initiative globally and the 4th European exchange alongside Deutsche Borse, London Stock Exchange and Warsaw Stock Exchange.
As a partner exchange to the SSE initiative, BVB commits to fulfill the following goals:
- have the Corporate Governance Code enter into force;
- roll out the corporate governance index;
- engage in a number of actions and projects carried out by the UN SSE initiative throughout the year with the other partner exchanges.
Through the participation in the UN SSE initiative, BVB plans to enhance its dedication to creating a sustainable and transparent environment for all the stakeholders as well as to participate in global forums and cross-country projects in order to discuss best practices and to learn from the fellow partner exchanges as well as the other key stakeholders.
Reporting Sustainability at BVB
Bucharest Stock Exchange, as a listed company, prepares an Annual Environmental & Social Reporting, as part of the BVB Directors' Consolidated Reports, available here.
The Annual Environmental & Social Reporting is made based on the EBRD Environmental and Social Policy.
On September 6, 2022, BVB publishes its first distinct report on sustainability, ESG Update, available here.