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Global Compact Meets With World's Stock Exchanges

2004-03-24 

On 15 March, the Global Compact convened a meeting at United Nations Headquarters with senior representatives from 15 of the world's stock exchanges, in addition to top officials from three exchange federations, including the World Federation of Exchanges.  The meeting was designed to explore how the exchanges and the Global Compact might work together to advance corporate responsibility and good governance.  The meeting was called by Secretary-General Kofi Annan and was the first time that a United Nations initiative has met with stock exchanges from nearly all regions of the world.

"The potential is that we send a signal to publicly traded companies that having proactive policies on social and environmental issues is central to risk management and is increasingly expected by market actors, including those who analyze companies", said Georg Kell, Executive Head of the Global Compact.

On 4 March, the Global Compact held a meeting in Zurich with senior analysts from approximately 40 investment companies to address the integration of social and environmental factors in research.  A high-level report, which will include case studies and findings from the UNEP Finance Initiative, will be released at the Global Compact Leaders Summit on 24 June.

Please click here to access the agenda of the meeting.