The Dar es Salaam Stock Exchange (DSE) recently joined the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative for sustainability and transparency.
For this, DSE signed a voluntary commitment to promote long-term sustainable investment, and to improve environmental, social and corporate governance (ESG) disclosure and performance of listed companies.
DSE is the third bourse in East Africa to join the initiative after the Rwanda Stock Exchange (RSE) and the Nairobi Securities Exchange (NSE) of Kenya.
Moremi Marwa, CEO of DSE, said: “We have a keen intent to encourage and motivate our members and other stakeholders to ensure businesses and investments activities are conducted in a manner that embraces transparency, environmental protection, social and corporate governance as well as sustainability of both current and future generations.”
He added that the bourse will work closely with its listed companies in order to achieve these goals.
Founded in 2009 the SSE invites exchanges globally to join the initiative by making a voluntary public commitment to promote improved ESG disclosure and performance among listed companies.
Accordingly the SSE works through 3 main pillars: consensus building, research and capacity building.
African countries that have joined the SSE include Botswana, South Africa, Zimbabwe, and Morocco.