The New York Stock Exchange (NYSE), announced today the launch of the NYSE Sustainability Advisory Council, a group of senior sustainability officers selected from NYSE-listed companies. According to NYSE, which is part of Intercontinental Exchange (ICE), the group will work to advise companies on ESG issues, identifying, developing and sharing best practices.
Lynn Martin, President of the New York Stock Exchange, said:
“ESG is a primary focus of the leaders I speak with, whether they are CEOs of our largest NYSE-listed companies or the founders of startups working toward their IPOs. ESG continues to move higher on the agenda as investors ask companies to broaden their focus to all stakeholders. The NYSE Sustainability Advisory Council is designed to help companies navigate this complex and evolving terrain.”
The Sustainability Advisory Council will be Chaired by Elizabeth King, ICE’s Chief Regulatory Officer and President of ICE ESG. King also oversees the NYSE’s Board Advisory Council, which aims to address the need for inclusive leadership, working with CEOs of NYSE-listed companies to identify diverse candidates for venture funded and newly public companies.
“Looking at sustainability at the corporate level, ICE data shows that larger public companies are farther along in key areas like measurement and disclosure than their smaller counterparts. We believe that by leveraging the power of our NYSE community, we can help raise all boats and advance the identification, development and adoption of best practices at organizations of all sizes.”