Lankapage Logo Recent Top Stories
CP 16 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's Colombo Stock Exchange joins UN SSE Initiative
Mon, Sep 28, 2015, 06:37 pm SL Time, ColomboPage News Desk, Sri Lanka.

Sept 28, Colombo: Sri Lanka's Colombo Stock Exchange (CSE) has joined the United Nations Sustainable Stock Exchanges (SSE) initiative, a partnership among the UN, UN-supported organizations, stock exchanges, investors, companies, regulators and governments around the world.

The chairman of Colombo Stock Exchange Vajira Kulatilaka made the public announcement of its entrance to SSE during a special Leadership Luncheon on 24 September 2015, at the New York Stock Exchange.

The SSE Initiative, launched by UN Secretary General Ban Ki-moon in 2009, aims to explore how exchanges can work together with investors, regulators and companies to promote sustainability initiatives. Over the years it has contributed to enhance corporate transparency on Environmental, Social, and corporate Governance (ESG) issues and encourage responsible long term approaches to investment.

The Chairman of CSE, Mr. Kulatilaka commented: "I believe that being part of the Sustainable Stock Exchange initiative demonstrates our commitment towards adopting sustainable business practices. We endeavor to engage with our stakeholders, and collectively work towards sustainable policy initiatives which will help us create better corporate citizens in the areas of environment, society and governance."

"CSE wishes to publicly demonstrate its commitment to sustainability, while promoting better business practices within the Sri Lankan Capital Market. Moreover, CSE encourages listed companies to measure and publicly report their ESG performance and impacts" Chief Executive Officer of the CSE Rajeeva Bandaranaike said.

Sutheash Balasubramaniam, Sri Lanka Representative/Director of the UN Global Compact Network Sri Lanka Commented: "The Board Members of UN Global Compact Network Sri Lanka are encouraged by the Colombo Stock Exchange partnering UN Sustainable Stock Exchange with a focus to drive responsible investment and sustainable business. This partnership will enhance the global positioning of CSE while creating a platform for the Sri Lankan capital market to be abreast with international trends. UNGC Sri Lanka Network will support CSE in building a sustainable stock exchange of greater value."

Every two years the SSE initiative hosts its flagship event, the SSE Global Dialogue. It brings together leaders from stock exchanges, regulators, investors and companies to share best practices, and releases a SSE Report on Progress to coincide with the Global Dialogues.

CSE would get the privilege of accessing wide range of resources to support the implementation of sustainability initiatives in the form of events, webinars, workshops, publications and other potential work streams that contribute to the overall mission of the SSE initiative. In addition, CSE wishes to attract foreign and local investors seeking sustainable investment opportunities.

 


Recommended Articles in ColomboPage ::
ColomboPage - Recent 10 Stories ::
Sri Lanka President rejects No-Confidence Motion passed in parliament against his Prime Minister and cabinet
-- [11 minutes ago]
UNP to hold a massive rally tomorrow at Lipton Circus
President will take next steps constitutionally - Cabinet spokesman
India encourages Sri Lanka apparel industry to source material from Indian textile producers
Sri Lanka cricket star Tillakaratne Dilshan joins SLPP
Excavations of the Mannar mass grave temporarily suspended
Speaker to inform the decision of the no confidence motion to the President
Dipped Products posts Rs. 553 million PBT in 1H 2018/19
Sri Lanka Central Bank warns public to be attentive of financial scams, phishing emails
Crossed-overs return to UNP, plan to resign from ministerial posts given by President

Copyright © 2000, 2015 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.