QSE launches its ESG Platform
(12/25/2018 7:52:00 AM)
Qatar Stock Exchange (QSE) announced yesterday the launch of its online ‘Qatar Stock Exchange Sustainability and ESG Platform’. This platform is designed to accelerate the objectives of the QSE Guidance on ESG reporting launched in December 2016 to support listed companies report on key Environment, Social, and Governance (ESG) indicators.
The online ESG platform allows all Qatari listed companies to login, upload their sustainability reports and submit their sustainability data on the QSE’s 34 ESG indicators. Investors can have real-time access to publicly reported essential sustainability data, information and reports organized by each issuer all from a single source.
QSE is among the first stock exchanges in the world to encourage transparency and disclosure by promoting the digitalization of ESG data. The initiative, which comes with the support of the Qatar Financial Markets Authority, is in line with the sustainability pillars of Qatar National Vision 2030. It is also part of the exchange’s efforts to uphold its voluntary commitment to the Sustainable Stock Exchanges initiative.
QSE’s Marketing and Communication Director Hussain Mohammed Al Abdullah said the initiative will enable investors and interested individuals to access critical ESG data and periodic sustainability reports uploaded by the listed companies online and on demand.
He added that this initiative is not only aimed at encouraging ESG disclosure among the listed companies but also promoting responsible investing practices by supporting investors access to high quality ESG data.
The launch of the platform coincides with the great changes taking place in the State of Qatar that are fueled by the ambitions of Qatar National Vision 2030. It is also in line with the growing trend among investors to integrate ESG factors in their investment decisions.
As of April 2018, more than 1,900 investment entities signed up the United Nations Principles for Responsible Investment (PRI), representing about $82 trillion of assets under investment management. The QSE ESG platform will be a major factor in enhancing QSE’s global competitiveness in attracting sustainable investments, Al Abdullah said.