The Guangzhou Futures Exchange (GFEX) has recently been approved to join the United Nations Sustainable Stock Exchanges (UN SSE) initiative. Since its establishment, GFEX has remained committed to serving the real economy and promoting green development by continuously improving its green and low-carbon futures product system, enriching risk management tools for industries, and enhancing the functionality of its products to support the growth of green and low-carbon industries. Joining the UN SSE is a significant step for GFEX in implementing the five development concepts of "innovation, coordination, green development, openness, and sharing," as well as supporting the transition to a green and low-carbon economy.
Gao Weibing, Chairman of GFEX, stated, "GFEX will diligently fulfill its obligations, collaborate with global peers to explore pathways for achieving carbon neutrality, and share experiences and insights. At the same time, we will actively learn from international best practices to continuously improve our ESG governance capabilities and the quality of sustainable financial services. We aim to contribute more to building a responsible global financial ecosystem, promoting regional green economic transformation, and supporting the construction of a beautiful China while fostering high-quality global economic and social development."
Dr. Anthony Miller, Chief Coordinator of UN SSE, commented, "We warmly welcome GFEX to join the UN SSE and our network of derivatives exchanges. Derivatives markets play a crucial role in managing climate-related risks and driving sustainable financial innovation. We commend GFEX's commitment to green development and look forward to close collaboration to advance sustainable practices in the global derivatives market."
The UN SSE was jointly launched in 2009 by the United Nations Conference on Trade and Development (UNCTAD), the United Nations Global Compact (UNGC), the United Nations Environment Programme Finance Initiative (UNEP FI), and the Principles for Responsible Investment (PRI). As a leading global platform for sustainable development cooperation, its mission is to encourage securities and futures exchanges, as well as capital market participants, to adopt and promote best practices in environmental, social, and governance (ESG) areas to support the achievement of global sustainable development goals.