SEC approves new stock exchange with environmental standards (2025)
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The Securities and Exchange Commission (SEC) approved the nation’s first environmentally focused stock exchange, the Global Impact Exchange (GIX), on Apr. 11. The exchange is expected to begin trading in 2026. GIX is the second new stock exchange approved by the SEC this year.
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GIX said its exchange seeks to serve both sustainability-minded investors and companies focused on managing climate-related risks. The company focused on creating a sustainability-focused exchange due to their regulated nature, and investors will be able to rely that if a company is dual-listed on GIX, it has adopted the exchange’s principles, according to the company’s webpage. The SEC said in its April 11 approval that it found the sustainability exchange’s proposed rules consistent with governing laws and that they “do not impose any burden on competition not necessary or appropriate.”… The exchange focuses on company leadership, stakeholders, goals, strategy, reporting and alignment with respect to sustainability, according to a FAQs page. GIX said companies and their boards should have public commitments to long-term sustainability and accountability mechanisms; the companies should have short-, medium- and long-term goals that “will lead to operating its business sustainably;” adopt a strategy to achieve sustainability goals and a commonly accepted reporting framework; and align sustainability commitments with the business operations.[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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