Nasdaq places Nordics in UN’s sustainable exchanges initiative

Nasdaq buildingNasdaq, the world’s second largest stock exchange, is to encourage sustainability in Nordic companies by signing up its regional exchanges to a UN initiative.

The exchange provider has placed its Nordic markets into the United Nations Sustainable Stock Exchanges (SSE) project, which UN secretary general Ban Ki-Moon launched in 2009.

The UN SSE purports to offer a platform for exploring how exchanges, investors, regulators and listed companies can encourage sustainable investments and enhance corporate transparency.

Nasdaq’s exchanges in Stockholm, Helsinki, Copenhagen, Reykjavik, Tallinn, Riga and Vilnius have joined SSE.

Joakim Reiter, deputy-secretary general of the UN Conference on Trade and Development, says: “Stock exchanges are uniquely positioned between policy makers, investors and companies to facilitate a new market dynamic that puts sustainability centre stage.”

Nasdaq joined the SSE in 2012.

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