Stockholm, March 23, 2017 — Nasdaq (Nasdaq: NDAQ) today announced that its Nordic and Baltic exchanges in Stockholm, Helsinki, Copenhagen, Iceland, Tallinn, Riga and Vilnius have issued a voluntary support program on environmental, social and governance (ESG) disclosure to support their listed companies.
“Many of the companies listed on the Nasdaq Nordic and Baltic exchanges are already global leaders in sustainability reporting,” said Lauri Rosendahl, President of Nasdaq Nordic. “By launching this voluntary guide, our aim is to further engage, encourage and support our listed companies in addressing critical ESG matters. The launch reinforces the mission of Nasdaq Nordic to provide fair, transparent, and efficient markets for all stakeholders.”
Rather than adding to the regulatory burden, Nasdaq Nordic is creating a framework to support the listed companies that strive to meet ESG disclosure requirements. The guide will therefore reflect the existing recommendations issued in 2015 by the United Nations (UN) and its Sustainable Stock Exchanges (SSE) initiative, the World Federation of Exchanges’ Sustainability Working Group and the leading industry standards on ESG reporting, as well as the European Union directive on non-financial reporting.
Since the guide is voluntary and non-binding, it will not be mandatory to comply with it. The guide will not compete with, supersede, or supplement any existing reporting framework – but rather acts as an informational reference for the listed companies that seek support.
Adam Kostyál, Senior Vice President and Head of European Listings, Nasdaq, said: “To support us in reaching even better and more broad-based ESG reporting and hence better markets, we invite our listed companies, investors and other stakeholders to give us their feedback on ESG reporting and the guide. We will also consider market specific supplements to the guide to support anchoring it on a national level in our seven markets.”
Nasdaq was one of the United Nations Sustainable Stock Exchanges initiative’s founding partner exchanges in 2012, and the seven Nordic and Baltic exchanges individually joined the UN SSE initiative in November 2015. By issuing the guide, they fulfil their commitment to the UN SSE’s Campaign to Close the ESG Guidance Gap.
You are kindly invited to join Nasdaq Nordic’s webinar on ESG reporting on Thursday, 20 April 2017, from 1:00 pm to 1:45 pm CET. Read more
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables clients to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 85 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,800 listed companies with a market value of $10.1 trillion and nearly 18,000 corporate clients. To learn more, visit: business.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Media Relations Contact:
+358 (0)9 6166 7941
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.