Switzerland’s principal stock exchange, SIX Swiss Exchange, has become a Climate Bonds Partner, joining the financial sector’s efforts to mobilise the USD100 trillion bond market for climate change solutions.
In doing so, SIX Swiss Exchange joins fellow global stock exchanges in efforts to facilitate green finance and green bond growth towards the USD1 trillion by 2020 investment milestone needed to help meet climate change and emissions goals
In joining the program, the exchange will work together with Climate Bonds to support increased investment towards a low-carbon and climate resilient economy. Contributing ideas for structuring, policy measures and market design, SIX Swiss Exchange will engage with institutional investors, industry experts and underwriters to improve awareness of potential market opportunities.
Corporate responsibility is part of the corporate strategy and is firmly anchored in the processes of SIX Swiss Exchange. This new partnership is a further signal that SIX Swiss Exchange is determined to continue on this path.
SIX Swiss Exchange has been a trading venue for green bonds since 2014 when the European Investment Bank listed the first ever CHF-denominated green bond there. In total, 13 green bonds with a nominal volume equivalent to around CHF 5.1 billion (USD 5.45 billion) in various currencies are currently traded on SIX Swiss Exchange.
Sean Kidney (pictured), CEO, Climate Bonds Initiative, says: “We welcome SIX Swiss Exchange as the newest addition to our Partners Program. Exchanges have a vital role to play in the expansion of green finance, bringing market actors together and supporting innovation and new investment directions. Working in partnership, we’ll be looking to harness the many opportunities that exist around expanding green bond markets and climate related investment opportunities.”
