• Pioneering Green Finance: GIX aims to be the first U.S. exchange dedicated to the $50+ trillion global green economy.
• Enhanced Accountability: Listing standards require companies to commit to and report on sustainability goals, reducing greenwashing.
• Innovative Technology: GIX will offer advanced trading platforms and competitive liquidity programs.

The Green Impact Exchange (GIX) has filed an application with the Securities and Exchange Commission (SEC) to become the first U.S. stock market focused exclusively on the green economy. If approved, GIX plans to begin operations in early 2025.

GIX’s mission is to list companies that commit to sustainability goals, ensuring transparency and accountability to investors. These companies can maintain their primary listings while being recognized on GIX for their environmental commitments.

“Today’s filing is a major step forward for sustainable investors and capital markets,” said Dan Labovitz, CEO and co-founder of GIX. “GIX will connect investors who care about sustainability with companies that are credibly committed to becoming and being sustainable.“

Charles Dolan, co-founder of GIX, emphasized the potential impact: “Capital markets have historically enabled companies to efficiently raise needed capital for business development and innovation. GIX will harness the power of markets to benefit the environment, improve investor protection, and drive economic growth as the world shifts toward a greener economy.“

GIX’s rigorous listing standards will hold companies accountable by requiring a robust governance structure to support their sustainability promises. This helps investors distinguish between genuinely sustainable companies and those merely greenwashing.

“Accountability for sustainability promises is key. The marketplace needs a ‘trust but verify’ approach to help reduce greenwashing,” commented Shiva Rajgopal, Columbia Business School professor and GIX Advisor. “There’s a tremendous financial opportunity to bring together sustainable-minded investors with companies working hard to meet their environmental commitments. For that opportunity to be realized, there needs to be better transparency and accountability of sustainability initiatives and reporting. GIX will provide that.“

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GIX’s state-of-the-art trading platform will ensure best execution for all trades directed or routed to the exchange. The platform will feature non-tiered, competitive liquidity and quoting programs for members and market makers, as part of the National Market System (NMS).

Additionally, GIX will implement the Return to Green program, dedicating a portion of its gross revenue to support organizations on the front lines of sustainability efforts.