New York Stock Exchange Launches NYSE Sustainability Advisory Council
A Brief Summary
The New York Stock Exchange recently launched the NYSE Sustainability Advisory Council to bring sustainability leaders within the NYSE of over 2400 listed companies to identify, adopt and share best practices to address environmental, social and governance (ESG) issues.
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ICE's Chief Regulatory Officer and President of Ice ESG, Elizabeth King, will head the council as its chair.
Lynn Martin, President of the New York Stock Exchange, said: " ESG is a primary focus of the leaders I speak with, whether they are CEOs of our largest NYSE-listed companies or the founders of startups working toward their IPOs. ESG continues to move higher on the agenda as investors ask companies to broaden their focus to all stakeholders. The NYSE Sustainability Advisory Council is designed to help companies navigate this complex and evolving terrain.”
Both the NYSE and ICE shall offer data, tools and markets that provide clarity into ESG risks and opportunities and help companies in their decision making process on sustainability issues.
Elizabeth King, Chair of the NYSE Sustainability Advisory Council, said: "Looking at sustainability at the corporate level, ICE data shows that larger public companies are farther along in key areas like measurement and disclosure than their smaller counterparts. We believe that by leveraging the power of our NYSE community, we can help raise all boats and advance the identification, development and adoption of best practices at organizations of all sizes.”
ICE is a market leader in managing the world's most liquid environmental markets, which help determine carbon and other asset pricing. ICE also offers ESG Data, which includes ESG features for corporations, municipalities, and mortgage-backed securities, and has recently expanded its climate data and analytics capabilities with two acquisitions. Members of the NYSE community can use the exchange's ESG Advisory team, compare their ESG disclosures to those of their peers, and access material like the NYSE's ESG Best Practices Guide.
