The United Nations Sustainable Stock Exchanges (SSE) initiative has launched 2 new publications to mainstream sustainable finance among issuers worldwide.

Both publications were conducted under the auspices of Mark Carney, UN Special Envoy for Climate Action and Finance, in collaboration with our Co-Chairs for this Advisory Group, London Stock Exchange Group (LSEG) and Johannesburg Stock Exchange.

The text in the publications was produced via consultations with a multi-stakeholder advisory group made up of 100 experts from 55 organisations across 23 countries.

1. Action Plan to Make Markets Climate Resilient: How stock exchanges can integrate the TCFD recommendations

The Action Plan helps exchanges lead a transition to more climate-resilient markets using the various tools available to them. Stock exchanges can help their market to mitigate risks associated with climate change, access growing opportunities and help align climate-related disclosures to global standards and best practices to ensure their markets are both efficient and resilient.

The Action Plan is a companion document to the SSE’s Model Guidance on Climate Disclosure, and exchanges are encouraged to use them together as they work on making their markets more climate resilient.

2. Model Guidance on Climate Disclosure: A template for stock exchanges to guide issuers on TCFD implementation

Stock exchanges are uniquely positioned to advance climate disclosure through market guidance. They can have a special role in supporting consistency and standardization of information that enables both local and global progress in climate reporting and use of climate-related data. Stock exchanges have the infrastructure, networks and experience to contribute to addressing climate change via capital markets. By working with and learning from their peers, they can be essential in achieving greater climate-resiliency of markets.

In order to assist stock exchanges in their efforts to guide issuers on climate-related disclosure, this guidance document includes two parts. First, an introduction on how and why to use this guidance for stock exchanges; and secondly, a template guide and diagnostic checklist that stock exchanges can utilize to develop guidance on climate-related disclosure for issuers.