The Stock Exchanges Sustainability Initiative Launches Models for Effective Communication with the Market Parties within the Egyptian Exchange

The Stock Exchanges Sustainability Initiative Launches Models for Effective Communication with the Market Parties within the Egyptian Exchange

The United Nations (UN) Sustainability Committee, formed as per the United Nations (UN) initiative to sustain the stock exchanges (UN-SSE), published last Wednesday the models for effective communication with the market parties to a number of the initiative members of stock exchanges who were committed to publish the models, which are 11 stock exchanges, among them was the Egyptian Exchange (EGX), which has been selected in February of 2015, as a reference model of communication between the stock markets and the key market participants.
The initiative praised EGX efforts as one of the most important pioneers’ markets in the field of sustainable development in the Middle East and North Africa region.
The model of effective communication with the market parties includes the supporting and stimulating mechanisms for the stock market sustainability’s elements, and their role to achieve the sustainable development through the participation of the various market parties which include the Egyptian Financial Supervisory Authority (EFSA), investors and the listed companies in a discussion about the rational investment and the sustainability practices in the capital markets.
The UN initiative for stock markets sustainability is one of the most important sustainable development initiatives, as it includes a number of institutions and global initiatives such as UNCTAD, and the UN-Global Compact, and Principles for Responsible Investment (PRI), in addition to the 19 stock exchanges as the initiative’ members.

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