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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CSE joins UN SSE Initiative

CSE joins UN SSE Initiative

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1CSE joins UN SSE Initiative Empty CSE joins UN SSE Initiative Tue Sep 29, 2015 9:24 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The Colombo Stock Exchange (CSE) 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.
Colombo Stock Exchange Chairman Vajira Kulatilaka made the public announcement of its entrance to SSE during a special Leadership Luncheon, at the New York Stock Exchange last week..
The SSE Initiative, launched by UN Secretary General Ban Ki-moon in2009, 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.
Chairman Vajira 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”CSE Chief Executive Officer Rajeeva Bandaranaike said. 
Courtesy: Daily News 29 September 2015

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