Warsaw Stock Exchange becomes a member of the UN Global Compact, the largest global initiative of the UN Secretary General focusing on sustainable business. The WSE has been involved in educational activities regarding social, ethical and environmental impact issues for many years.
“Our goal is to support capital market participants in coping with the most important change in an investment approach that awaits us in the coming years. Global investors incorporate non-financial elements into their valuation models, such as the degree of respect for the natural environment, a strategy to ensure sustainable development and compliance with corporate governance principles. This trend is described by the acronym ESG. Last year, we introduced the first product that fits this trend - the WIG-ESG index,” Marek Dietl, President of the Board of the WSE, said.
The United Nations Sustainable Development Goals set the direction in which the world should develop. They pay attention to the problems that require support for better and more harmonious development in the coming decades. The financial industry in recent years has taken into account the ESG criteria and has clearly stated that environmental, social and corporate governance factors will play a key role in both the private and public sectors.
“Joining the UN Global Compact is an opportunity for us to gain access to knowledge and create ESG standards on the local market based on UN guidelines,” Dietl added.
(WBJ)