Sustainability Working Group Statement
The WFE Sustainability Working Group (SWG), which includes representatives from 19 WFE member exchanges from around the world, convenes regularly to discuss material concerns and share best practices related to sustainability. The group works under the auspices (and with the assistance) of the WFE, focusing on the needs of the exchange business. It is an internal discussion group, not a forum for the debate of investor proposals, reporting frameworks, or the work of NGOs and other advocates. Although the SWG is keenly aware of these dynamics, it will not engage, endorse, or promote any outside group or agency during the course of its work.
Instead, the SWG investigates the material need (if any) for exchanges to seek, standardize, and/or publish environmental, social, and corporate governance (ESG) data. Through careful analysis of existing data forms and reporting frameworks, group members seek to understand the real impacts, both positive and negative, on our business. Furthermore, the SWG will reflect upon the role of exchanges in the formation and sustenance of a fair, open, and transparent economy—and the proper leverage that exchanges may exert in promoting more sustainable business models.
We hope our work proves productive and enlightening enough to be offered to the general membership of the WFE for consideration in due course.
Evan Harvey, Chairman
Corli le Roux, Vice Chair