The New York Stock Exchange, part of Intercontinental Exchange, Inc., a leading global provider of data, technology and market infrastructure, announced today the launch of the NYSE Sustainability Advisory Council. The council will bring together select sustainability leaders within the NYSE community of more than 2,400 listed companies to identify and share global best practices addressing environmental, social and governance (ESG) issues.
Elizabeth King, ICE’s Chief Regulatory Officer and President of ICE ESG, will chair the council.
“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,” said Lynn Martin, President of the New York Stock Exchange. “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.”
“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,” said Elizabeth King, Chair of the NYSE Sustainability Advisory Council. “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.”
The NYSE and ICE together offer a powerful array of data, tools and markets to provide transparency into ESG risks and opportunities and help enable companies in their decision making on sustainability issues. The NYSE Board Advisory Council, for example, addresses the critical need for inclusive leadership and cultivates diversity on public and private company boards by connecting candidates with companies seeking directors.
Separately, ICE is a leader in operating the world’s most liquid environmental markets, which help set prices for carbon and other assets. ICE also offers ESG Data, with ESG attributes for companies, municipalities and mortgage-backed securities, and recently added to these capabilities with two acquisitions in climate data and analytics. Members of the NYSE community can leverage the exchange’s ESG Advisory team, benchmark their own ESG disclosures against peers, and take advantage of content like the NYSE’s ESG Best Practices Guide.
Source: Business Wire