London Stock Exchange Group (LSEG) has become the first stock exchange to join the Climate Bonds Partnership Program.
As a global markets infrastructure business LSEG incorporates a range of businesses including London Stock Exchange, Borsa Italiana, FTSE Russell Indexes, MillenniumIT and LCH.Clearnet.
Nikhil Rathi Chief Executive Officer, London Stock Exchange, says: “London Stock Exchange Group is a committed supporter of green financing and we see the transition to a low carbon economy as a major industrial trend. Developing London as a leading international hub for green finance is vitally important to the city and a key driver behind the launch of our dedicated green bond segments last year.
“In addition to attracting and profiling green bond and equity listings through FTSE Russell we support institutional investors in defining climate factors and integrating them into benchmarks and portfolio analytics.
“We are delighted to become an official partner of the Climate Bonds Initiative and look forward to further developing the market place; improving access for issuers, transparency for investors and growing the size and breadth of the green bond sector.”
Climate Bonds CEO Sean Kidney, says: “LSE Group has taken a leading position amongst exchanges in supporting the development of global green bond markets. Having LSEG join our Partners Program sends a further signal to all stakeholders of the growing role green bonds can play in sustainable investment.
“One of Climate Bonds objectives is to build robust and transparent assurance frameworks around green bond investment.
“The LSEG is uniquely positioned to provide market based knowledge and perspectives as a Climate Bonds Partner. We anticipate working cooperatively on joint projects that build and strengthen the position of green bonds in providing global climate finance solutions.”