The move towards a more sustainable economy will require a joint effort of governments, regulators, companies, investors and – connecting them all – of stock exchanges. Well-functioning stock exchanges are the beating hearts of prospering economies, operating efficient, liquid and transparent marketplaces to enable capital raising and price formation while connecting issuers with investors and their capital. And by performing these core functions, exchanges can play an integral role in supporting the positive change.

Laurent Lefèvre, Head Delivery Capabilities, SIX

SIX and the stock exchanges it operates can leverage the listing, trading, clearing, settlement and custody infrastructure to accelerate positive change.

Christian Reuss, Head SIX Swiss Exchange

In the article ESG – How Stock Exchanges Are Accentuating Positive Change, Christian Reuss, Head SIX Swiss Exchange, outlines how SIX as a leading European FMI and the stock exchanges it operates can be a driving force. Exchanges can accelerate positive change by enhancing capital-market efficiency. At SIX Swiss Exchange, our current hypothesis is that supporting the harmonization of disclosures, which fosters transparency and enhances comparability, is one of the strongest ways in which exchanges can increase efficiency. Christian Reuss also emphasizes that while ESG is here to stay, returns need to be there too in order to reach critical scale and impact.

The article was first published by the Network For Innovative Corporate Governance (NICG) in the Booklet “Board Dynamics”: Rethinking Competing Demands - 2023/1. Discover the full magazine (PDF) as well as this and previous editions online. The aim of the NICG is to collect existing long-term approaches, to coordinate them and, building upon, to create new, innovative approaches and solutions in corporate governance and present the results in a way that is both benefit-oriented and meaningful for society and business. About NICG