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35
Stock exchange ranking
• The
BME Spanish Exchanges
took top spot in
this year’s ranking, followed by the Helsinki
Stock Exchange, the Tokyo Stock Exchange, the
Oslo Stock Exchange and the Johannesburg
Stock Exchange.
• The Korea Exchange was the
“most improved”
exchange
, jumping from the 27
th
spot in last
year’s ranking to 16
th
in this year’s study.
• Australia is home to the world’s
“quickest”
sustainability reporters
. The Australian Securities
Exchange placed 2
nd
on this measure in last year’s
study, which speaks to a permanently quickened
reporting cycle in the Australian market relative
to other countries.
55
• The
Tokyo Stock Exchange
placed 1
st
overall in a
sub-ranking of the world’s 10 largest exchanges,
followed by the Euronext Paris, the London Stock
Exchange, the Shanghai Stock Exchange and the
Hong Kong Stock Exchange. The two U.S.-based
exchanges, the NYSE and Nasdaq, placed 8
th
and
9
th
respectively.
Sustainability disclosure policies
• Across the 40 countries covered in our study, 60%
of the quantitative disclosure policies in place (100
of 167)
were enacted in developed countries
, with
the remainder (40%) implemented in emerging
markets. In recent years, the distribution between
the two has been essentially evenly split.
Governments
have historically been the primary
implementing authority, responsible for 114 of the
167 policies in our inventory (68%).
Securities regulators
are the distinct minority
player, implementing only eight sustainability
disclosure policies since the early 1970s, or 5%
of all policies reviewed in our study.
• The 45 stock exchanges in our sample were
responsible for 31 disclosure policies
, all
of which were implemented after 2000.
55 Some of this out-performance may reflect the predominance of a June fiscal
year-end in the Australian market.
1...,32,33,34,35,36,37,38,39,40,41 43,44,45,46,47,48,49,50,51,52,...71